Blue Apron Holdings, Inc. (APRN)’s Trend Down, Especially After Forming a Bearish Double Bottom Pattern

September 8, 2018 - By Jack Shaw

The chart of Blue Apron Holdings, Inc. (APRN) shows a double bottom with $1.67 target or 8.00 % below today’s $1.82 share price. The 7 months chart pattern indicates high risk for the $350.35 million company. It was reported on Sep, 8 by Finviz.com. If the $1.67 price target is reached, the company will be worth $28.03 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.11% or $0.02 during the last trading session, reaching $1.82. About 3.16M shares traded. Blue Apron Holdings, Inc. (NYSE:APRN) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Blue Apron Holdings, Inc. (NYSE:APRN) to report earnings on November, 1. They expect $-0.22 EPS, up 53.19 % or $0.25 from last year’s $-0.47 per share. After $-0.17 actual EPS reported by Blue Apron Holdings, Inc. for the previous quarter, Wall Street now forecasts 29.41 % negative EPS growth.

More news for Blue Apron Holdings, Inc. (NYSE:APRN) were recently published by: Fool.com, which released: “Target Takes Meal Kits to the Next Level” on September 05, 2018. Fool.com‘s article titled: “Blue Apron Still Won’t Admit It Has a Retention Problem” and published on August 15, 2018 is yet another important article.

Blue Apron Holdings, Inc. operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. The company has market cap of $350.35 million. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters. It currently has negative earnings. The firm also offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and sells beef, poultry, and lamb products under the BN Ranch brand name.

Blue Apron Holdings, Inc. (NYSE:APRN) Ratings Chart

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