Goodfood Market (TSE:FOOD) Trading Up 4.1% – Still a Buy?

Shares of Goodfood Market Corp. (TSE:FOOD) were up 4.1% on Friday . The stock traded as high as C$0.26 and last traded at C$0.26. Approximately 76,445 shares changed hands during trading, a decline of 41% from the average daily volume of 130,503 shares. The stock had previously closed at C$0.25.

Analysts Set New Price Targets

Separately, Desjardins lowered their price target on Goodfood Market from C$0.25 to C$0.15 and set a “hold” rating for the company in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$0.15.

Goodfood Market Price Performance

The business has a 50-day simple moving average of C$0.21 and a 200 day simple moving average of C$0.26. The firm has a market cap of C$25.38 million, a P/E ratio of -1.96 and a beta of 1.94. The company has a debt-to-equity ratio of -140.43, a quick ratio of 0.77 and a current ratio of 0.82.

Goodfood Market (TSE:FOOD) last released its quarterly earnings results on Tuesday, April 21st. The company reported C($0.07) EPS for the quarter. Goodfood Market had a negative net margin of 12.64% and a positive return on equity of 45.86%. The business had revenue of C$22.51 million for the quarter. On average, analysts anticipate that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal year.

Goodfood Market Company Profile

Goodfood (TSX: FOOD) is a leading meal solutions brand in Canada, delivering fresh meals and add-ons that make it easy for customers from across Canada to enjoy delicious meals at home every day. The Goodfood mission is to create experiences that spark joy and help our community live longer on a healthier planet. Goodfood customers have access to uniquely fresh and delicious products, as well as exclusive pricing, made possible by its exceptional culinary team and direct-to-consumer infrastructures and technology.