Q2 2024 Goodfood Market Corp Earnings Call Transcript - GuruFocus.com
| FOOD Stock | CAD 0.29 0.01 3.57% |
About 55% of Goodfood Market's investors are presently thinking to get in. The analysis of overall sentiment of trading Goodfood Market Corp stock suggests that some investors are interested at this time. Goodfood Market's investor sentiment overview provides quick insight into current market opportunities from investing in Goodfood Market Corp. The current market sentiment, together with Goodfood Market's historical and current headlines, can help investors time the market. In addition, many technical investors use Goodfood Market Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Goodfood |
Q2 2024 Goodfood Market Corp Earnings Call Transcript GuruFocus.com
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Goodfood Market Fundamental Analysis
We analyze Goodfood Market's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goodfood Market using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goodfood Market based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Goodfood Market is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Goodfood Market Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Goodfood Market stock to make a market-neutral strategy. Peer analysis of Goodfood Market could also be used in its relative valuation, which is a method of valuing Goodfood Market by comparing valuation metrics with similar companies.
Peers
Goodfood Market Related Equities
| WELL | WELL Health | 1.67 | ||||
| LSPD | Lightspeed Commerce | 1.26 | ||||
| DCBO | Docebo | 0.29 | ||||
| DND | Dye Durham | 1.00 |
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.