Village Farms International (VFF, Financial) has successfully obtained a 180-day extension from Nasdaq to meet the minimum closing bid price requirement of $1.00 per share. Initially, the company had until April 16 to comply with this rule, but the extension now allows them until October 13 to align with the Nasdaq listing standards.
This extension comes after Village Farms was unable to meet the requirement during the initial 180-day grace period. Despite this, the extension ensures that Village Farms' common shares will continue to trade without interruption on the Nasdaq Capital Market.
The company can regain compliance if its stock closes at or above $1.00 per share for at least 10 consecutive business days before the October deadline. If this condition is met, Nasdaq is expected to confirm the company's compliance with the requirement.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Village Farms International Inc (VFF, Financial) is $1.88 with a high estimate of $2.25 and a low estimate of $1.50. The average target implies an upside of 217.10% from the current price of $0.59. More detailed estimate data can be found on the Village Farms International Inc (VFF) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Village Farms International Inc's (VFF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Village Farms International Inc (VFF, Financial) in one year is $1.02, suggesting a upside of 72.5% from the current price of $0.5913. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Village Farms International Inc (VFF) Summary page.
