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Village Farms International, Inc. (NASDAQ:VFF) Shares Surges 16.74% In A Week – But Can It Keep Rising?

In last trading session, Village Farms International, Inc. (NASDAQ:VFF) saw 0.56 million shares changing hands with its beta currently measuring 2.58. Company’s recent per share price level of $0.77 trading at $0.01 or 1.32% at ring of the bell on the day assigns it a market valuation of $85.52M. That closing price of VFF’s stock is at a discount of -207.79% from its 52-week high price of $2.37 and is indicating a premium of 28.57% from its 52-week low price of $0.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.66 million shares which gives us an average trading volume of 788.64K if we extend that period to 3-months.

Village Farms International, Inc. (NASDAQ:VFF) trade information

Upright in the green during last session for gaining 1.32%, in the last five days VFF remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $0.77 price level, adding 3.44% to its value on the day. Village Farms International, Inc.’s shares saw a change of -42.54% in year-to-date performance and have moved 16.74% in past 5-day. Village Farms International, Inc. (NASDAQ:VFF) showed a performance of 5.34% in past 30-days. Number of shares sold short was 1.17 million shares which calculate 4 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $1.83 to the stock, which implies a rise of 57.92% to its current value. Analysts have been projecting $1.00 as a low price target for the stock while placing it at a high target of $2.50. It follows that stock’s current price would drop -224.68% in reaching the projected high whereas dropping to the targeted low would mean a loss of -29.87% for stock’s current value.

Village Farms International, Inc. (VFF) estimates and forecasts

Statistics highlight that Village Farms International, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 13.24% of value to its shares in past 6 months, showing an annual growth rate of 90.27% while that of industry is -0.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 96.30% in the current quarter and calculating 66.70% increase in the next quarter. This year revenue growth is estimated to fall -4.30% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $69.48 million for the same. And 4 analysts are in estimates of company making revenue of $70.9 million in the next quarter that will end on Mar 2024. Company posted $69.46 million and $71.11 million of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -56.30% during past 5 years.

VFF Dividends

Village Farms International, Inc. is more likely to be releasing its next quarterly report between November 07 and November 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Village Farms International, Inc. (NASDAQ:VFF)’s Major holders

Insiders are in possession of 16.27% of company’s total shares while institution are holding 13.52 percent of that, with stock having share float percentage of 16.15%. Investors also watch the number of corporate investors in a company very closely, which is 13.52% institutions for Village Farms International, Inc. that are currently holding shares of the company. AdvisorShares Investments, LLC is the top institutional holder at VFF for having 3.52 million shares of worth $2.11 million. And as of Jun 29, 2023, it was holding 3.19% of the company’s outstanding shares.

The second largest institutional holder is ETF Managers Group, LLC, which was holding about 1.12 million shares on Mar 30, 2023. The number of shares represents firm’s hold over 1.02% of outstanding shares, having a total worth of $0.93 million.

On the other hand, AdvisorShares Trust-AdvisorShares Pure Cannabis ETF and Investment Managers Ser Tr II-AXS Cannabis ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 3.48 million shares of worth $2.78 million or 3.16% of the total outstanding shares. The later fund manager was in possession of 0.95 million shares on May 30, 2023, making its stake of worth around $0.56 million in the company or a holder of 0.86% of company’s stock.

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