Desjardins Has Lowered Expectations for Goodfood Market (TSE:FOOD) Stock Price

Goodfood Market (TSE:FOOD) had its price target lowered by equities researchers at Desjardins from C$0.15 to C$0.05 in a research report issued on Thursday,BayStreet.CA reports. Desjardins’ price objective would indicate a potential upside of 25.00% from the stock’s current price.

Goodfood Market Stock Down 27.3%

Shares of FOOD traded down C$0.01 during midday trading on Thursday, reaching C$0.04. 2,979,045 shares of the company were exchanged, compared to its average volume of 187,495. Goodfood Market has a 1-year low of C$0.04 and a 1-year high of C$0.38. The stock 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 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of -140.43. The company has a market cap of C$3.98 million, a price-to-earnings ratio of -0.31 and a beta of 2.04.

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 positive return on equity of 45.86% and a negative net margin of 12.64%.The business had revenue of C$22.51 million during the quarter. Research analysts expect that Goodfood Market will post -0.24 earnings per share for the current 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.