GOED Stock Price Increases Over 8% Pre-Market: Why It Happened

By Amit Chowdhry ● June 22, 2021
  • The stock price of 1847 Goedeker Inc (NYSEAMERICAN: GOED) increased by over 8% pre-market. This is why it happened.

The stock price of 1847 Goedeker Inc (NYSEAMERICAN: GOED) increased by over 8% pre-market. Investors appear to be responding positively to a Seeking Alpha report.

1847 Goedeker and Appliance Connection had recently completed the merger initially announced in October. And the combined business is expected to earn between $60 million and $80 million of EBITDA in FY21.

Assuming that product margins stabilize, Seeking Alpha estimated that the combined business could post about $150 million of EBITDA in 5 years. And based on that figure, GOED “could be a $10 stock within 3-5 years (200% upside for stock, 400% for warrants).”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.