Desjardins Issues Pessimistic Forecast for Goodfood Market (TSE:FOOD) Stock Price

Goodfood Market (TSE:FOOD) had its price target cut by stock analysts at Desjardins from C$0.25 to C$0.15 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price target would indicate a potential downside of 18.92% from the company’s current price.

Goodfood Market Trading Down 9.8%

Shares of FOOD stock opened at C$0.19 on Thursday. Goodfood Market has a 1 year low of C$0.13 and a 1 year high of C$0.38. The company has a debt-to-equity ratio of -140.43, a current ratio of 0.82 and a quick ratio of 0.77. The stock’s 50 day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.26. The company has a market cap of C$18.41 million, a PE ratio of -1.42 and a beta of 1.89.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings data 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 12.64% and a positive return on equity of 45.86%. The company had revenue of C$22.51 million for the quarter. Research analysts predict that Goodfood Market will post -0.24 earnings per share for the current year.

About Goodfood Market

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.