What happened to Blue Apron stock?

As a result of the Merger, Blue Apron will become a wholly owned subsidiary of Wonder. Blue Apron's Class A common stock will be delisted from The Nasdaq Stock Market .

Is Blue Apron a good stock to buy?

Stock Price Forecast The 3 analysts with 12-month price forecasts for Blue Apron Holdings stock had an average target of 41.67, with a low estimate of 17 and a high estimate of 84. * Price targets were last updated on Aug 10, 2023.

Is Blue Apron in financial trouble?

Blue Apron APRN acknowledged in the filing its long history of significant net losses, which came to $89.3 million in the nine months through Sept. 30 and $87.9 million in the year-earlier period. As of Sept. 30, it had a working-capital deficit of $47.7 million and an accumulated deficit of $866 million.

What is the Blue Apron controversy?

The meal kit company Blue Apron was hit with a wage-and-hour class action complaint in California county court last week alleging multiple labor violations . This complaint was first surfaced by Law.com Radar.

Will APRN stock go up?

APRN Stock 12 Month Forecast Based on 1 Wall Street analysts offering 12 month price targets for Blue Apron Holdings in the last 3 months. The average price target is $13.00 with a high forecast of $13.00 and a low forecast of $13.00 .

What is the outlook for Blue Apron?

According to the 3 industry analysts covering Blue Apron Holdings, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$3.6m in 2025. The company is therefore projected to breakeven around 2 years from now.

Did Blue Apron do a reverse stock split?

On June 7, 2023, Blue Apron Holdings, Inc. (the "Company") effected a 1-for-12 reverse stock split of its issued and outstanding shares of Class A common stock (the "Reverse Stock Split”).

What is happening with the Blue Apron?

Blue Apron announced Friday it has agreed to be purchased by Wonder Group , a food tech company founded by former Walmart e-commerce executive Marc Lore, for $13 per share, which represents an equity value of roughly $103 million. The transaction is expected to close in the fourth quarter of 2023.

What is the downfall of Blue Apron?

Financial Disaster Since its IPO in July 2017, Blue Apron's financial downfall has been rapid. Scholar Kevin Down finds that “ in their first month and a half of trading, shares in the company were down nearly 50% ” (Yahoo Finance). As hundreds of employees were laid off, the company's CEO and COO both stepped down.

How has Blue Apron stock fared?

The current price of APRN is 12.99 USD — it has decreased by 0.08% in the past 24 hours . Watch Blue Apron Holdings Inc. stock price performance more closely on the chart.

Aprn Stock Message Board (2024)

1. APRN Blue Apron Holdings Inc - Ordinary Shares - Class A - Stocktwits

Track Blue Apron Holdings Inc - Ordinary Shares - Class A (APRN) Stock Price, Quote, latest community messages, chart, news and other stock related information.
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Aprn Stock Message Board (2024)

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