Shares of Village Farms International (VFF -4.36%) closed Tuesday trading down 10.9%. The drop came after short-seller Citron Research published a scathing report online expressing the view that the marijuana producer is "nothing more than a stock promotion" that warrants investigation by the U.S. Securities and Exchange Commission. So what
Full Answer
Does Village Farms International have an upside of ∞?
May 10, 2021 · So what. From a top-line perspective, Village Farms saw growth of 63% thanks to its move into the cannabis space. That division went from zero revenue to …
Is village farms the best cannabis stock to buy in 2022?
2 days ago · Village Farms International ( NASDAQ: VFF) shares dropped ~9% Wednesday after multiple brokerages cut price target on the stock. Craig Hallum lowered its …
Is Village Farms International's P/E ratio good or bad?
Apr 01, 2021 · So what We can attribute Village Farms stock's pullback last month largely to the company's fourth-quarter 2020 revenue falling short of Wall Street's expectations. Shares fell 10.9% on March 16...
What is the target price for Village Farms international stock?
May 04, 2021 · Village Farms International ( VFF 1.62%) stock declined 15.6% in April, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned 5.3% last month. Village ...
Is Village Farms a good stock to buy?
Why is VFF so low?
Is VFF shorted?
This table shows the number of shares of US:VFF available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest.
Will VFF stock go up?
Is VFF undervalued?
What is the target price for VFF stock?
| High | $15.00 |
|---|---|
| Low | $5.00 |
| Average | $11.48 |
| Current Price | $3.8400 |
So what
We can attribute Village Farms stock's pullback last month largely to the company's fourth-quarter 2020 revenue falling short of Wall Street's expectations. Shares fell 10.9% on March 16 following the company's release of its Q4 and full-year results. And they dropped 16.2% in the three days following the release.
Now what
For first-quarter 2021, Wall Street is modeling for a loss per share of $0.02 on revenue of $51.2 million.
Despite pulling back recently, this marijuana stock has been on fire over the last year
Village Farms International ( VFF -3.20% ) stock declined 15.6% in April, according to data from S&P Global Market Intelligence. For context, the S&P 500 index returned 5.3% last month.
So what
Village Farms didn't release any market-moving news last month, nor were there any Wall Street analyst downgrades of the company's stock.
Now what
Investors should be getting material news soon. Village Farms hasn't yet announced a date for the release of its first-quarter 2021 results, but it should be within the next week or two.
A stock offering of 2.66 million shares is taking the wind out of the sails of this high-flying pot stock
Keith began writing for the Fool in 2012 and focuses primarily on healthcare investing topics. His background includes serving in management and consulting for the healthcare technology, health insurance, medical device, and pharmacy benefits management industries. Follow @keithspeights
What happened
Shares of Canadian cannabis producer and greenhouse produce grower Village Farms International ( NASDAQ:VFF) were sinking 9.7% lower as of 11:33 a.m. EDT on Thursday after dropping as much as 13.7% earlier in the day. The primary reason for the sharp decline was the company's announcement of a bought-deal public offering of 2.66 million shares.
So what
Village Farm's latest public offering dilutes the value of existing shares. This offering represents a little over 5% of Village Farms' total outstanding shares. However, an even bigger reason for the stock's drop today was the price tag of that offering, which reflected a 10.8% discount from the stock's closing price on Wednesday.
Now what
The sting from Village Farms' public offering should only be temporary. Probably the bigger issue for the company looking ahead was raised in HEXO's latest update. HEXO withdrew its fiscal 2020 financial outlook because of questions about the cannabis derivatives market opportunity in Canada and early signs of pricing pressure.
What is village farm?
Village Farms International, Inc., together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through three segments: Produce Business, Energy Business, and Cannabis and Hemp Business. The company also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority; and produces and supplies cannabis products. It markets and distributes its products under the Village Farms brand name to retail supermarkets and fresh food distribution companies, as well as products produced under exclusive arrangements with other greenhouse producers. The company was formerly known as Village Farms Canada Inc. and changed its name to Village Farms International, Inc. in December 2009. Village Farms International, Inc. was founded in 1989 and is headquartered in Delta, Canada.
What is the rating of Village Farms International?
Village Farms International has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
What is the P/E ratio of Village Farms?
The P/E ratio of Village Farms International is -133.77, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Does Village Farms International pay dividends?
Village Farms International does not currently pay a dividend.
