Goodfood Market (TSE:FOOD) Stock Price Up 16.7% – Time to Buy?

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

Analysts Set New Price Targets

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

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Goodfood Market Stock Up 16.7%

The stock has a market capitalization of C$3.48 million, a P/E ratio of -0.27 and a beta of 2.04. The business has a 50-day moving average price of C$0.19 and a 200 day moving average price of C$0.23. The company has a current ratio of 0.30, a quick ratio of 0.77 and a debt-to-equity ratio of -139.69.

Goodfood Market (TSE:FOOD – Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported C($0.07) earnings per share for the quarter. Goodfood Market had a positive return on equity of 41.50% and a negative net margin of 13.96%.The business had revenue of C$22.51 million during the quarter. On average, equities analysts expect that Goodfood Market Corp. will post -0.24 EPS for the current fiscal year.

Goodfood Market Company Profile

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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.

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