Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Above Food Ingredients Inc. Common Stock Market Cap
The Above Food Ingredients Inc. Common Stock (ABVE) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered ABVE. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for ABVE is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
ABVE is a stock in Consumer Defensive which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end ABVE is forecasted to be $ by from .
These are the latest 20 analyst ratings of ABVE.
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When did it IPO
2024
Staff Count
0
Country
Canada
Sector/Industry
Consumer Defensive/Packaged Foods
CEO
Mr. Lionel Kambeitz
Market Cap
$15.8M
In 2023, ABVE generated $396.5M in revenue, which was a increase of 99.37% from the previous year. This can be seen as a signal that ABVE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Above Food's acquisition boosts its pet food business to around US$110M in combined pro forma revenues.
Why It Matters - The acquisition boosts Above Food's revenue significantly, enhancing its market position in the pet food industry and potentially increasing shareholder value.
Thu, 15 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Above Food Ingredients Inc. has completed its acquisition of The Redwood Group for $34 million to enhance market share and production in North America.
Why It Matters - Above Food's acquisition of The Redwood Group enhances its market position and production capabilities, potentially increasing revenue and competitiveness in the growing specialty food sector.
Fri, 09 Aug 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Above Food Ingredients Inc. has signed a definitive agreement to acquire The Redwood Group's Specialty Crop Food Ingredient Division for $34 million, including $8.1 million in cash and 5.6 million shares.
Why It Matters - Above Food's acquisition expands its product offerings and strengthens its supply chain, potentially enhancing revenue and market position, which could positively influence stock performance.
Fri, 19 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Above Food Corp. (Nasdaq: ABVE) will hold a conference call on July 25, 2024, at 4:30 p.m. ET to discuss business updates. Key executives will participate.
Why It Matters - The conference call on July 25, 2024, will provide insights into Above Food's business updates, potentially impacting investor sentiment and stock performance.
Mon, 01 Jul 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Above Food Corp. announced that its common shares and warrants will begin trading today on Nasdaq under the ticker symbols "ABVE" and "ABVE.W" following its merger with Bite Acquisition Corp.
Why It Matters - The launch of Above Food Ingredients Inc. on Nasdaq signals a new investment opportunity and potential growth in the food sector, attracting attention to its innovative product offerings and supply chain.
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