#3 - Blue Apron (NYSE:APRN)
It wasn’t that long ago that Blue Apron (NYSE:APRN) was trading for over $50 a share. That must seem like an eternity to current shareholders. APRN stock is down 73% for the year.
Blue Apron is a case of a company with a solid idea that suffers from too much competition and, perhaps, too low of a barrier to entry. And that continues to be reflected in the company’s financials.
In the short term, APRN stock will be challenged after the company’s disappointing earnings report in November 2022. Revenue was basically flat, but the company posted a larger loss than expected in terms of earnings.
However, the bigger story that came from that report was that Blue Apron removed its guidance for the year because of
delayed funding from one of its major investors. This is significant because companies such as Blue Apron are not profitable and capital is getting more expensive with rising interest rates.
About Blue Apron
Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. The company also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, it offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals.
Read More - Current Price
- $12.99
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
