The Very Good Food Company Inc. (VGFC) Shares: Are They Risky Or Cheap?

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The Very Good Food Company Inc. (NASDAQ:VGFC) finished Wednesday with a subtraction of -$0.01 to close at $0.14, a downside of -7.34 percent. An average of 999,600 shares of common stock have been traded in the last five days. There was a fall of -$0.0400 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,346,180 shares traded, while the 50-day average volume stands at 845,584.

VGFC stock has decreased by -23.64% in the last month. The company shares reached their 1-month lowest point of $0.1352 on 09/20/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.13 and a high of $2.98 in 52 weeks. It has reached a new high 3 times so far this year and lost -81.15% or -$0.5979 in price. In spite of this, the price is down -95.34% from the 52-week high.


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Valuation Metrics

The Very Good Food Company Inc. (VGFC) has a trailing price-to-sales (P/S) ratio at 1.77, the price-to-book (PB) ratio at 1.14.

Financial Health

Its gross profit as reported stood at $54.04 million compared to revenue of $9.78 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Very Good Food Company Inc. (VGFC) price momentum. RSI 9-day as of the close on 21 September was 33.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 97.10%.

As of today, VGFC’s price is $0.1490 -22.36% or -$0.0400 from its 5-day moving average. VGFC is currently trading -22.36% lower than its 20-day SMA and -50.99% lower than its 100-day SMA. However, the stock’s current price level is -42.25% below the SMA50 and -83.35% below the SMA200.

The stochastic %K and %D were 9.55% and 13.03%, respectively, and the average true range (ATR) was 0.0204. With the 14-day stochastic at 5.15% and the average true range at 0.0206, the RSI (14) stands at 35.24%. The stock has reached -0.0159 on the 9-day MACD Oscillator while the 14-day reading was at -0.0138.

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