Goodfood Market (TSE:FOOD) Stock Price Up 16.7% – What’s Next?

Shares of Goodfood Market Corp. (TSE:FOOD) rose 16.7% on Friday . The company traded as high as C$0.04 and last traded at C$0.04. 1,486,879 shares changed hands during mid-day trading, an increase of 583% from the average daily volume of 217,846 shares. The stock had previously closed at C$0.03.

Wall Street Analyst Weigh In

Separately, Desjardins decreased their price target on shares of Goodfood Market from C$0.15 to C$0.05 in a research note on Thursday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Goodfood Market has a consensus rating of “Hold” and an average target price of C$0.05.

Goodfood Market Trading Up 16.7%

The company’s 50 day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.23. The company has a quick ratio of 0.77, a current ratio of 0.30 and a debt-to-equity ratio of -139.69. The company has a market capitalization of C$3.48 million, a price-to-earnings ratio of -0.27 and a beta of 2.04.

Goodfood Market (TSE:FOOD) last announced its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share (EPS) for the quarter. Goodfood Market had a negative net margin of 13.96% and a positive return on equity of 41.50%. The business had revenue of C$22.51 million for the quarter. As a group, research 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.