Insider Buying: Goodfood Market (TSE:FOOD) Director Buys C$32,000.00 in Stock

Goodfood Market Corp. (TSE:FOOD) Director John Khabbaz acquired 100,000 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were purchased at an average cost of C$0.32 per share, for a total transaction of C$32,000.00. Following the completion of the acquisition, the director directly owned 7,900,000 shares in the company, valued at approximately C$2,528,000. The trade was a 1.28% increase in their ownership of the stock.

John Khabbaz also recently made the following trade(s):

• On Wednesday, December 24th, John Khabbaz bought 50,000 shares of Goodfood Market stock. The stock was purchased at an average price of C$0.34 per share, with a total value of C$17,000.00.

Goodfood Market Stock Down 1.7%

FOOD opened at C$0.30 on Tuesday. Goodfood Market Corp. has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.53. The firm has a market capitalization of C$29.16 million, a P/E ratio of -3.28 and a beta of 1.98. The company’s 50-day moving average is C$0.29 and its 200 day moving average is C$0.26. The company has a debt-to-equity ratio of -212.01, a current ratio of 0.98 and a quick ratio of 0.77.

Goodfood Market (TSE:FOOD) last issued its quarterly earnings data on Tuesday, January 20th. The company reported C($0.03) earnings per share (EPS) for the quarter. Goodfood Market had a positive return on equity of 12.53% and a negative net margin of 2.14%.The firm had revenue of C$27.54 million during the quarter. Research analysts expect that Goodfood Market Corp. will post -0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Desjardins dropped their price target on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating on the stock in a report on Friday, November 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.23.

About Goodfood Market

Goodfood is a leading online grocery company in Canada, delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. Goodfood’s mission is to make the impossible come true, from farm to kitchen, by enabling members to complete their weekly meal planning and grocery shopping in minutes. Goodfood members have access to a unique selection of products and exclusive pricing made possible by its world class direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead.