FY2023 EPS Estimates for CubicFarm Systems Corp. Boosted by Raymond James (TSE:CUB)

CubicFarm Systems Corp. (TSE:CUB – Get Rating) – Analysts at Raymond James increased their FY2023 earnings per share estimates for CubicFarm Systems in a report issued on Thursday, May 18th. Raymond James analyst S. Hansen now forecasts that the company will post earnings of ($0.04) per share for the year, up from their previous estimate of ($0.05). Raymond James has a “Market Perform” rating and a $0.15 price target on the stock. The consensus estimate for CubicFarm Systems’ current full-year earnings is ($0.07) per share.

CubicFarm Systems Stock Performance

TSE CUB opened at C$0.02 on Monday. CubicFarm Systems has a fifty-two week low of C$0.02 and a fifty-two week high of C$0.67. The stock has a market cap of C$3.95 million, a price-to-earnings ratio of -0.05 and a beta of 2.80. The business has a fifty day moving average of C$0.03 and a 200-day moving average of C$0.06. The company has a quick ratio of 0.53, a current ratio of 1.58 and a debt-to-equity ratio of 81.29.

CubicFarm Systems Company Profile

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CubicFarm Systems Corp. develops, manufactures, and sells cubic farming systems for farmers worldwide. The company offers CubicFarm System and CubicFarms' HydroGreen Grow System. Its systems help farmers to produce lettuce, basil, microgreens, nutraceutical ingredients, and animal feed. The company was formerly known as Forty Foot Farms Ltd.