Village Farms International, Inc. (NASDAQ: VFF) stock jumped 1.32% on Friday to $0.77 against a previous-day closing price of $0.76. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.79 million shares. During the session, the Farm Products company that operates in wider Consumer Defensive sector, reached to the highest price of $0.7973 whereas the lowest price it dropped to was $0.7500. The 52-week range on VFF shows that it touched its highest point at $2.37 and its lowest point at $0.55 during that stretch. It currently has a 1-year price target of $1.80. Beta for the stock currently stands at 2.58.
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 up-trending over the past week, with a rise of 16.74%, but this was up by 5.34% over a month. Three-month performance dropped to -15.66% while six-month performance rose 13.24%. The stock lost -63.85% in the past year, while it has lost -42.54% so far this year. A look at the trailing 12-month EPS for VFF yields -0.61 with Next year EPS estimates of -0.06. For the next quarter, that number is -0.02. This implies an EPS growth rate of -927.00% for this year and 40.00% 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 Oct 30, 2023, short shares totaled 1.17 million, which was 1.06% higher than short shares on Sep 28, 2023. In addition to Mr. Michael A. DeGiglio as the firm’s Founder, CEO, President & Director, Mr. Stephen C. Ruffini serves as its CFO, Executive VP, Company Secretary & 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 9.59% held by mutual funds. Shares owned by individuals account for 4.86%. As the largest shareholder in VFF with 3.16% of the stake, AdvisorShares Investments LLC holds 3,481,530 shares worth 3,481,530. A second-largest stockholder of VFF, ETF Managers Group LLC, holds 3,069,097 shares, controlling over 2.78% of the firm’s shares. AXS Investments LLC is the third largest shareholder in VFF, holding 1,080,116 shares or 0.98% 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 2.78% of VFF stock, is the second-largest Mutual Fund holder. It holds 3,069,097 shares valued at 2.21 million. AXS Cannabis ETF holds 0.98% of the stake in VFF, owning 1,080,116 shares worth 0.78 million.
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 $1.00, the average target price over the next 12 months is $1.83. Based on these targets, VFF could surge 224.68% to reach the target high and rise by 29.87% to reach the target low. Reaching the average price target will result in a growth of 137.66% from current levels.
Summary of Insider Activity:
Insiders traded VFF stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 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.