Is Blue Apron Holdings Inc. (APRN) positioned for future growth?

Blue Apron Holdings Inc. (NYSE: APRN) stock jumped 13.55% on Monday to $1.09 against a previous-day closing price of $0.96. With 11.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 6.59 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.0900 whereas the lowest price it dropped to was $0.9700. The 52-week range on APRN shows that it touched its highest point at $8.58 and its lowest point at $0.61 during that stretch. It currently has a 1-year price target of $4.00. Beta for the stock currently stands at -2.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APRN was up-trending over the past week, with a rise of 7.92%, but this was up by 60.18% over a month. Three-month performance dropped to -57.92% while six-month performance fell -63.05%. The stock lost -85.56% in the past year, while it has gained 31.33% so far this year. A look at the trailing 12-month EPS for APRN yields -3.79 with Next year EPS estimates of -1.56. For the next quarter, that number is -0.77. This implies an EPS growth rate of -29.70% for this year and 54.10% for next year.

Float and Shares Shorts:

At present, 34.85 million APRN shares are outstanding with a float of 12.93 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.27 million, which was 15.15% higher than short shares on Sep 14, 2022. In addition to Ms. Linda Findley Kozlowski as the firm’s Pres, CEO & Director, Ms. Matthew Salzberg II serves as its Co-Founder.

Institutional Ownership:

Through their ownership of 22.77% of APRN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 61.06% of APRN, in contrast to 3.85% held by mutual funds. Shares owned by individuals account for 10.30%. As the largest shareholder in APRN with 2.40% of the stake, Wolf Hill Capital Management LP holds 950,950 shares worth 950,950. A second-largest stockholder of APRN, The Vanguard Group, Inc., holds 552,896 shares, controlling over 1.40% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in APRN, holding 533,517 shares or 1.35% stake. With a 0.86% stake in APRN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 339,505 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.61% of APRN stock, is the second-largest Mutual Fund holder. It holds 239,966 shares valued at 0.2 million. ES River & Mercantile Funds ICVC holds 0.38% of the stake in APRN, owning 151,065 shares worth 0.13 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APRN since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With APRN analysts setting a high price target of $5.00 and a low target of $2.00, the average target price over the next 12 months is $4.00. Based on these targets, APRN could surge 358.72% to reach the target high and rise by 83.49% to reach the target low. Reaching the average price target will result in a growth of 266.97% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. APRN will report FY 2022 earnings on 02/08/2024. Analysts have provided yearly estimates in a range of -$3.00 being high and -$3.40 being low. For APRN, this leads to a yearly average estimate of -$3.18. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Blue Apron Holdings Inc. surprised analysts by -$0.21 when it reported -$0.74 EPS against a consensus estimate of -$0.53. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.58 and the low estimate is -$0.91. The average estimate for the next quarter is thus -$0.71.

Summary of Insider Activity:

Insiders traded APRN stock several times over the past three months with 19 Buys and 4 Sells. In these transactions, 41,890 shares were bought while 17,530 shares were sold. The number of buy transactions has increased to 103 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 662,088 while 87,422 shares were sold.

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