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GOODFOOD MARKET CORP

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FOOD trade ideas

FOOD.CA: Head'n Shoulder (-85%), almost filledQuick follow up on FOOD.CA (Marché Good Food). Both some in the early days of the pandemic in 2020. Sold too early but still made money. This push was pandemic driven. No reason for a push anymore, hence the down trend. Peak of Head'n Shoulder formed in Jan 2021 and confirmed in October 2021. This chart pattern confirmed a good 6 months before SPY's Head'n Shoulder confirmed (October 2021 vs April 2022). Very interesting. Was it a signal of things to come? Let me know if you guys have any ideas. For now, FOOD is headed to 1$. Probably lower. Not invested in this stock. Stay humble, Have fun, Make money!
TSX:FOODShort
by LeLaf
1
Good Food Market CanadaSun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide Everyday By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Sun Storm Investment NexGen| @nexfinserve | Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
TSX:FOOD
by Sunstorminvest
FOOD, MY TOP PICK TO BUY!Hello fellow traders and investors, here's an update on my previous FOOD trade idea. FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 50 to 60% ROI . Technicals: The Macd indicates that FOOD is oversold and now in an uptrend The RSI is oversold We're still getting rejected by the 50 SMA When To Buy: When it breaks the 50 SMA When To Sell: I recommend selling at its previous high which offers a 50 to 60% ROI. Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.74, a profit margin of -0.63% which isn't that bad, a quarterly revenue growth (yoy) of 71.20%, total cash of 163 Million dollars, and total debt of 53.85 Million dollars. Rating: 90/100 the technicals are good and the fundamentals are pretty good aswell. NOTE: It's been hard to find good trade ideas recently, I know many stocks are oversold but they aren't indicating any sign of a reversal. For example, take a look at PLUG and FCEL. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow and comment your thoughts. Thanks.
TSX:FOODLong
by UnknownUnicorn11084119
15
GoodFood is readyGOODFOOD (FOOD.TO) Description: Montreal based, online grocery company / meal delivery Share: Current price: 8.51 Results Y/Y: 130% 618M market cap 33.83% shares held by insiders 6.80% shares held by institutions Beta 0.04 Key notes; -Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year -Gross margin reached 30.4% for the quarter and gross profit was a record 30.6M, an increase of 12.8M or 72% -Net loss was 4M, an increase of 0.7M compared to the same period last year, resulting in a loss per share of 0.06$ -Quarterly cash flow from operating activities totaled 5.4M, an improvement of 9.3M compared to the same period last year -Record cash position of 163M -Active subscribers reached 319k as at February 28 2021, an increase of 73k or 30%, compared to February 29, 2020 -Analyst 479.6M sales projected for 2022: 14.59$ stock value. Assuming 3% of Canadians use online meal delivery for the next 10’years : 3% 38M people = 1.14M potential subscribers, 1/3 target reached already -Highest profit margins/subscriber growth of the top grocers in Canada Important recent news: 04 feb 2021: FOOD.TO raises $60M in deal public offering of common shares:“Desjardins Capital Markets and RBC Dominion Securities Inc. pursuant to which the Underwriters have agreed to purchase from the Company, 4,800,000 common shares of the Company at a price of $12.50. 16 feb 2021: FOOD.TO has announced an expansion of its credit financing of $21 million. Graph notes: -Finaly broke downtrend and retested it -EMA crossing -RSI oversold In conclusion: It’s ready for a nice run boys
TSX:FOODLong
by Amioboi
2
FOOD, REVERSAL COMING!Hello fellow traders and investors, here's another trade idea. FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 50 to 60% ROI. Technicals: The Macd indicates that FOOD is oversold and now in an uptrend The RSI is oversold When To Buy: When it breaks the trendline acting as a resistance. When To Sell: I recommend selling at its previous high which offers a 50 to 60% ROI. Fundamentals: FOOD is an online grocery store company based in Canada, they deliver fresh meals straight to your home. They have a P/S of 1.98, a profit margin of -0.50%, a sales growth Q/Q of 62%, debt/equity of 0.54 and a large insider ownership of 34%. They just released their earnings report today and I didn't go through the whole thing however it's the first time their revenue surpasses 100$ Million dollars in one quarter. Rating: 90/100 the technicals are good and so are the fundamentals NOTE: I might be buying some shares I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow and comment your thoughts. Thanks.
TSX:FOODLong
by UnknownUnicorn11084119
1
FOOD, REVERSAL COMING!Hello fellow traders and investors, here's another trade idea. FOOD has recently pulled back to the previous support area. If FOOD makes a full recovery it offers around a 45% ROI. Technicals: The Macd indicates that FOOD is oversold The Macd indicates that FOOD is still in a downtrend The Ema's indicate that FOOD is still in a downtrend When To Buy: When EMA's crossover When the Macd indicates a reversal by crossing its EMA When To Sell: I recommend selling at its previous high which offers a 45% ROI. Fundamentals: FOOD is an online grocery store company in Canada that delivers fresh meals to your home. Because of the upcoming rollout of the vaccine investors have been focusing on rotating their portfolio to a more conservative recovery play including retail stores, airlines, cruises, and any business that will benefit from the world becoming normal again. I will be watching this stock for potential buying opportunities. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow and comment your thoughts. Thanks.
TSX:FOODLong
by UnknownUnicorn11084119
$FOOD next target up if breaks outRelatively new company delivering meals and leading the industry, covering all the P's to the T. Doing very well since Covid19. Assuming is can breakout from here and continue this run, next target would be in the 13$ range for the retracement down to be logical. If lockdowns persist, this can go higher. Winter and holidays are most definitely increasing sales and should have a good Q4 & Q1. If the meal delivery culture we've been seeing can be sustained into post pandemic society, then $Food will lead the charge.
TSX:FOODLong
by IIICENSOREDIII
Food Long into earningsI already have a position of 100 shares at 9.86. I wont be increasing my position. I am long into earnings, it had a really nice day on Friday, MACD is crossing over to the upside. I am betting on a few bullish days on the markets. I am thinking Ill hold till November 9th or 10th, take my profits, but also keep some shares. To see what surprise earnings may have. NOTE: I am not a huge fan of holding something through earnings; however, in this case, I would hold a small quantity only if I sold the majority of my position and the few remaining that I hold are paid for by my capital gains or are free, as such, I get free stocks to carry through earnings should there be some upside. Or sell after and its all the same :)
TSX:FOODLong
by tsx_trader