Village Farms International Inc. (NASDAQ: VFF) stock fell -9.83% on Monday to $0.91 against a previous-day closing price of $1.01. With 1.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 million shares. The 52-week range on VFF shows that it touched its highest point at $2.54 and its lowest point at $0.55 during that stretch. It currently has a 1-year price target of $1.62. Beta for the stock currently stands at 2.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VFF was down-trending over the past week, with a drop of -14.08%, but this was up by 0.08% over a month. Three-month performance surged to 34.52% while six-month performance fell -4.14%. The stock lost -63.28% in the past year, while it has lost -32.04% so far this year. A look at the trailing 12-month EPS for VFF yields -0.71 with Next year EPS estimates of -0.07. For the next quarter, that number is -0.04. This implies an EPS growth rate of -927.00% for this year and 46.20% for next year.
Float and Shares Shorts:
At present, 110.24 million VFF shares are outstanding with a float of 92.28 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.37 million, which was 1.25% higher than short shares on Jul 30, 2023. In addition to Mr. Michael A. DeGiglio as the firm’s Founder, CEO, Pres & Director, Mr. Stephen C. Ruffini serves as its CFO, Exec. VP, Company Sec. & Director.
Through their ownership of 13.52% of VFF’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.70% of VFF, in contrast to 9.66% held by mutual funds. Shares owned by individuals account for 5.19%. As the largest shareholder in VFF with 3.20% of the stake, AdvisorShares Investments LLC holds 3,521,730 shares worth 3,521,730. A second-largest stockholder of VFF, ETF Managers Group LLC, holds 3,254,293 shares, controlling over 2.95% of the firm’s shares. AXS Investments LLC is the third largest shareholder in VFF, holding 1,107,134 shares or 1.00% stake. With a 3.16% stake in VFF, the AdvisorShares Trust – Pure Cannab is the largest stakeholder. A total of 3,481,530 shares are owned by the mutual fund manager. The ETFMG Alternative Harvest ETF, which owns about 2.95% of VFF stock, is the second-largest Mutual Fund holder. It holds 3,254,293 shares valued at 2.86 million. AXS Cannabis ETF holds 1.00% of the stake in VFF, owning 1,107,134 shares worth 0.97 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, VFF reported revenue of $82.90M and operating income of -$12.19M. The EBITDA in the recently reported quarter was -$9.02M and diluted EPS was -$0.41.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VFF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VFF analysts setting a high price target of $2.50 and a low target of $0.75, the average target price over the next 12 months is $1.54. Based on these targets, VFF could surge 174.73% to reach the target high and fall by -17.58% to reach the target low. Reaching the average price target will result in a growth of 69.23% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VFF stock several times over the past three months with 1 Buys and 5 Sells. In these transactions, 10,000 shares were bought while 381,664 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 1,571,408 while 1,481,664 shares were sold.