Goodfood Market Corp Stock Buy Hold or Sell Recommendation
| FOOD Stock | CAD 0.45 0.01 2.27% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Goodfood Market Corp is 'Strong Sell'. The recommendation algorithm takes into account all of Goodfood Market's available fundamental, technical, and predictive indicators you will find on this site.
Check out Goodfood Market Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Goodfood and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Goodfood Market Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Goodfood |
Execute Goodfood Market Buy or Sell Advice
The Goodfood recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Goodfood Market Corp. Macroaxis does not own or have any residual interests in Goodfood Market Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Goodfood Market's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Good | Details | |
Volatility | Out of control | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Goodfood Market Trading Alerts and Improvement Suggestions
| Goodfood Market Corp has some characteristics of a very speculative penny stock | |
| Goodfood Market Corp appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 168.56 M. Net Loss for the year was (16.46 M) with profit before overhead, payroll, taxes, and interest of 68.06 M. | |
| Goodfood Market Corp has accumulated about 36.88 M in cash with (9.35 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.22, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Roughly 23.0% of the company shares are held by company insiders | |
| Latest headline from news.google.com: Stocks In Play Goodfood Market Corp. By Baystreet.ca - Investing.com Canada |
Goodfood Market Returns Distribution Density
The distribution of Goodfood Market's historical returns is an attempt to chart the uncertainty of Goodfood Market's future price movements. The chart of the probability distribution of Goodfood Market daily returns describes the distribution of returns around its average expected value. We use Goodfood Market Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Goodfood Market returns is essential to provide solid investment advice for Goodfood Market.
| Mean Return | 0.82 | Value At Risk | -3.85 | Potential Upside | 10.00 | Standard Deviation | 4.52 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Goodfood Market historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Goodfood Market Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (2.2M) | (7.4M) | 7.4M | 3.6M | 4.1M | 4.4M | |
| Investments | (9.4M) | (18.0M) | (37.7M) | 2.0M | 1.8M | 1.9M | |
| Change In Cash | 23.2M | 59.3M | 21.1M | (88.7M) | (12.0M) | (210.4K) | |
| Net Borrowings | 10.3M | 32.9M | (3.9M) | 12.2M | 14.0M | 7.6M | |
| Free Cash Flow | (1.6M) | (35.1M) | (97.4M) | (11.1M) | (10.0M) | (10.5M) | |
| Depreciation | 5.4M | 8.8M | 17.3M | 10.8M | 12.5M | 13.1M | |
| Other Non Cash Items | 2.4M | 1.9M | 52.2M | (1.4M) | (1.6M) | (1.6M) | |
| Capital Expenditures | 4.4M | 7.9M | 10.2M | 18.8M | 38.4M | 1.7M | |
| Net Income | (20.9M) | (4.1M) | (31.8M) | (121.8M) | (16.5M) | (290.8K) | |
| End Period Cash Flow | 47.6M | 104.4M | 125.5M | 36.9M | 24.9M | 490.3K | |
| Change To Netincome | 2.0M | 2.9M | 6.6M | 56.6M | 65.1M | 68.3M |
Goodfood Market Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Goodfood Market or Diversified Consumer Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Goodfood Market's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Goodfood stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.86 | |
β | Beta against Dow Jones | -0.45 | |
σ | Overall volatility | 4.59 | |
Ir | Information ratio | 0.15 |
Goodfood Market Volatility Alert
Goodfood Market Corp shows above-average downside volatility for the selected time horizon. Goodfood Market Corp is a potential penny stock. Although Goodfood Market may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Goodfood Market Corp. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Goodfood instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Goodfood Market Fundamentals Vs Peers
Comparing Goodfood Market's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Goodfood Market's direct or indirect competition across all of the common fundamentals between Goodfood Market and the related equities. This way, we can detect undervalued stocks with similar characteristics as Goodfood Market or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Goodfood Market's fundamental indicators could also be used in its relative valuation, which is a method of valuing Goodfood Market by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Goodfood Market to competition |
| Fundamentals | Goodfood Market | Peer Average |
| Return On Equity | -5.65 | -0.31 |
| Return On Asset | 0.0161 | -0.14 |
| Profit Margin | (0.03) % | (1.27) % |
| Operating Margin | 0.04 % | (5.51) % |
| Current Valuation | 65.03 M | 16.62 B |
| Shares Outstanding | 77.23 M | 571.82 M |
| Shares Owned By Insiders | 23.13 % | 10.09 % |
| Shares Owned By Institutions | 12.54 % | 39.21 % |
| Number Of Shares Shorted | 96.23 K | 4.71 M |
| Price To Book | 1.00 X | 9.51 X |
| Price To Sales | 0.22 X | 11.42 X |
| Revenue | 168.56 M | 9.43 B |
| Gross Profit | 68.06 M | 27.38 B |
| EBITDA | 1.15 M | 3.9 B |
| Net Income | (16.46 M) | 570.98 M |
| Cash And Equivalents | 36.88 M | 2.7 B |
| Cash Per Share | 2.22 X | 5.01 X |
| Total Debt | 59.15 M | 5.32 B |
| Debt To Equity | 0.46 % | 48.70 % |
| Current Ratio | 2.86 X | 2.16 X |
| Book Value Per Share | (0.30) X | 1.93 K |
| Cash Flow From Operations | (9.35 M) | 971.22 M |
| Short Ratio | 0.65 X | 4.00 X |
| Earnings Per Share | (0.05) X | 3.12 X |
| Target Price | 0.57 | |
| Number Of Employees | 780 | 18.84 K |
| Beta | -0.33 | -0.15 |
| Market Capitalization | 34.37 M | 19.03 B |
| Total Asset | 57.81 M | 29.47 B |
| Retained Earnings | (217.19 M) | 9.33 B |
| Working Capital | 3.71 M | 1.48 B |
| Net Asset | 57.81 M |
Goodfood Market Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Goodfood . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Goodfood Market Buy or Sell Advice
When is the right time to buy or sell Goodfood Market Corp? Buying financial instruments such as Goodfood Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Goodfood Market in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Farming Thematic Idea Now
Farming
Companies producing farming products and providing services for farmers. The Farming theme has 43 constituents at this time.
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Other Information on Investing in Goodfood Stock
Goodfood Market financial ratios help investors to determine whether Goodfood Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goodfood with respect to the benefits of owning Goodfood Market security.