Blue Apron Holdings Inc (APRN)

[0210]

FWIW: closed $1.07 on 150% 65-dmav. $43m MC over $440m annual revs = @0.10x Mkt Price/Annual Sales(P/S) vs. normal of 1 up to 10x P/S ratios... 10-bagger or P/S of 1.. Impressive price/volume action since early 2023.

Stocks Under $5 That Could Soar: Blue Apron (APRN)
"Meal kit maker Blue Apron (NYSE:APRN) went public at $10 per share in mid-2017. It’s been nothing but downhill ever since for APRN stock. Competition stiffened up. Growth stalled out. The whole meal kit market was hit by demand headwinds. Overall, Blue Apron failed to grow in a way that satisfied investors, and APRN stock had dropped under $1 by late 2018.

But Blue Apron shares have been injected with some life over the past few months as signs have emerged that a huge turnaround may be around the corner. Specifically, Blue Apron announced a big meal-kit partnership with Weight Watchers (NYSE:WTW), which management said would stabilize the customer base without the company having to spend big on marketing. Shortly thereafter, management said that WTW deal was seeing higher-than-expected demand, and that Blue Apron would be adjusted EBITDA profitable in Q1 and fiscal 2019.

The dots here aren’t hard to connect. Essentially, it appears that Blue Apron may be carving out a weight-loss niche for itself in the hyper-competitive meal kit marketplace with its Weight Watchers partnership. If so, growth will stabilize over the next several years without big expense growth, margins will improve, and profitability will become a real possibility."