Real Good Food (RGF) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Real Good Food in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RGF shares.
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2 equities research analysts have issued 12-month price objectives for Real Good Food's shares. Their RGF share price forecasts range from $7.00 to $7.00. On average, they anticipate the company's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 105.9% from the stock's current price.
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Real Good Food's stock was trading at $6.63 at the beginning of the year. Since then, RGF shares have decreased by 48.7% and is now trading at $3.40.
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Real Good Food saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 26,600 shares, a decline of 14.2% from the April 30th total of 31,000 shares. Based on an average daily trading volume, of 17,600 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
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The Real Good Food Company, Inc. (NASDAQ:RGF) issued its quarterly earnings results on Friday, May, 12th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.27. The business earned $29.80 million during the quarter, compared to analyst estimates of $28 million. Real Good Food had a negative trailing twelve-month return on equity of 35.02% and a negative net margin of 9.25%.

Real Good Food updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.00M-, compared to the consensus revenue estimate of $200.38 million.

(RGF) raised $80 million in an IPO on Friday, November 5th 2021. The company issued 5,333,333 shares at a price of $14.00-$16.00 per share.

Real Good Food trades on the NASDAQ under the ticker symbol "RGF."

Real Good Food's stock is owned by a variety of institutional and retail investors. Top institutional investors include Taylor Frigon Capital Management LLC (1.39%), Hood River Capital Management LLC (0.62%), Anchor Capital Advisors LLC (0.33%) and Sei Investments Co. (0.19%). Insiders that own company stock include Andrew J Stiffelman, Awm Investment Company, Inc, Deanna T Brady and Strand Equity Partners Iii, Ll.
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Shares of RGF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RGF stock can currently be purchased for approximately $3.40.

Real Good Food (NASDAQ:RGF) has a market capitalization of $87.96 million and generates $141.59 million in revenue each year. The company earns $-10,980,000.00 in net income (profit) each year or ($1.93) on an earnings per share basis.

The company employs 107 workers across the globe.

The official website for the company is www.realgoodfoods.com. The company can be reached via phone at 856-644-5624 or via email at ir@realgoodfoods.com.