John Khabbaz Purchases 100,000 Shares of Goodfood Market (TSE:FOOD) Stock

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

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

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

Goodfood Market Stock Down 4.8%

Shares of TSE:FOOD traded down C$0.02 during trading hours on Friday, reaching C$0.30. The stock had a trading volume of 39,481 shares, compared to its average volume of 155,495. Goodfood Market Corp. has a 1 year low of C$0.14 and a 1 year high of C$0.53. The firm’s 50 day moving average is C$0.29 and its 200-day moving average is C$0.26. The stock has a market capitalization of C$29.65 million, a price-to-earnings ratio of -3.33 and a beta of 1.98. The company has a debt-to-equity ratio of -212.01, a quick ratio of 0.77 and a current ratio of 0.98.

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

Wall Street Analysts Forecast Growth

Separately, Desjardins decreased their price objective on Goodfood Market from C$0.30 to C$0.25 and set a “hold” rating for the company in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$0.23.

Goodfood Market Company Profile

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.