Village Farms International, Inc. (VFF) Got Crushed -3.69% Today. Here’s Why

Village Farms International, Inc. (NASDAQ:VFF) is a stock to watch today. At current price of $9.67, the shares have already lost -0.37 points (-3.69% lower) from its previous close of $10.04. The stock sets an active trading volume day with a reported 306040 contracts so far this session. VFF shares had a relatively better volume day versus average trading capacity of 1.17 million shares, but with a 38.46 million float and a -8.48% run over a week, it’s definitely worth keeping an eye on. VFF share price has been trading recently between $9.89 and $10.9. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $25.

The shorts are running away from Village Farms International, Inc. (VFF) stock. The latest set of short interest data was released on 28 June 2019, and the numbers show a drop in short interest in VFF shares. While short interest still represents only 11.77% of VFF’s float, the number of shares shorted have fallen by -434722. The number of shares shorted fell to 3852505 shares, down from 4287227 shares during the preceding fortnight. With average daily trading volumes at 628432 shares, days to cover decreased to about 6.637787 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Here’s Why I’m Willing to Play Village Farms Stock” and dated July 11, 2019.

During the recent trading session for Village Farms International, Inc. (NASDAQ:VFF), the company witnessed their stock drop by $-1.91 over a week and tumble down $-3.23 from the price 20 days ago. When compared to their established 52-week high of $18.1, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 03/22/19. The recent low of $2.93 stood for a -46.57% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Village Farms International, Inc., the two-week RSI stands at 30.42. This figure suggests that VFF stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current VFF readings is similarly very revealing as it has a stochastic reading of 7.42% at this stage. This figure means that VFF share price today is being overbought.

Technical chart claims that Village Farms International, Inc. (VFF) would settle between $10.66/share to $11.29/share level. However, if the stock price goes below the $9.65 mark, then the market for Village Farms International, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $9.27 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.83. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at ROTH Capital, assumed coverage of VFF assigning Buy rating, according to their opinion released on June 13.

VFF equity has an average rating of 2, with the figure leaning towards a bullish end. 2 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 2 analysts rated Village Farms International, Inc. (NASDAQ:VFF) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, VFF stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 3.44 while for the average stock in the same group, the multiple is 3.18. Village Farms International, Inc. current P/E ratio of 153.88 means it is trading at a premium against its industry’s 32.39. In the past 5 years, this ratio for the stock has been fluctuating between 11.38 and 62.21.