Desjardins Lowers Goodfood Market (TSE:FOOD) Price Target to C$0.05

Goodfood Market (TSE:FOOD) had its price target reduced by Desjardins from C$0.15 to C$0.05 in a report issued on Thursday,BayStreet.CA reports. Desjardins’ price target indicates a potential upside of 42.86% from the company’s previous close.

Goodfood Market Stock Performance

TSE FOOD opened at C$0.04 on Thursday. The firm has a market capitalization of C$3.48 million, a P/E ratio of -0.25 and a beta of 2.04. Goodfood Market has a 1-year low of C$0.03 and a 1-year high of C$0.38. The company has a debt-to-equity ratio of -139.69, a current ratio of 0.30 and a quick ratio of 0.77. The business’s 50-day simple moving average is C$0.18 and its 200-day simple moving average is C$0.22.

Goodfood Market (TSE:FOOD) 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 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. Equities analysts predict that Goodfood Market will post -0.24 EPS 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.