Village Farms International Inc (NASDAQ:VFF) price on Wednesday, May 21, fall -2.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.06.
A look at the stock’s price movement, the close in the last trading session was $1.09. Turning to its 52-week performance, $1.31 and $0.45 were the 52-week high and 52-week low respectively. Overall, VFF moved 65.70% over the past month.
Village Farms International Inc’s market cap currently stands at around $119.08 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 85.01M for the company’s revenue for the quarter, with a low and high estimate of 80.83M and 89.2M respectively. The average forecast suggests down to a -7.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 263.6M, representing a -21.59% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VFF is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend VFF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VFF’s current price about 31.42% and 53.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.80, while 7-day volatility ratio is 15.05% and 9.25% in the 30-day chart. Further, Village Farms International Inc (VFF) has a beta value of 2.19, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $6.15, forecast between a low of $3 and high of $9.3. Looking at the price targets, the low is -183.02% off current price level while to achieve the yearly target high, price needs to move -777.36%. Nonetheless, investors will most likely welcome a -480.19% jump to $6.15 which is the analysts’ median price.
If we refocus on Village Farms International Inc (NASDAQ:VFF), historical trading data shows that trading volumes averaged 697.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 112.34 million shares.
The 10.20% of Village Farms International Inc’s shares are in the hands of company insiders while institutional holders own 14.10% of the company’s shares. Current price change has pushed the stock 37.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VFF stock continues to rise going into the next quarter.
