Understanding the 10.43% Volatility Levels of Caravelle International Group’s (CACO) Stock in the Past 30 Days

The stock of Caravelle International Group (CACO) has seen a 19.50% increase in the past week, with a 30.36% gain in the past month, and a 47.84% flourish in the past quarter. The volatility ratio for the week is 11.95%, and the volatility levels for the past 30 days are at 10.43% for CACO. The simple moving average for the last 20 days is 22.96% for CACO’s stock, with a simple moving average of 22.55% for the last 200 days.

Is It Worth Investing in Caravelle International Group (NASDAQ: CACO) Right Now?

Additionally, the 36-month beta value for CACO is 0.43.

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The public float for CACO is 6.63M and currently, short sellers hold a 0.84% ratio of that float. The average trading volume of CACO on April 04, 2024 was 18.44K shares.

CACO) stock’s latest price update

The stock price of Caravelle International Group (NASDAQ: CACO) has jumped by 17.73 compared to previous close of 0.61. Despite this, the company has seen a gain of 19.50% in its stock price over the last five trading days.

CACO Trading at 26.44% from the 50-Day Moving Average

After a stumble in the market that brought CACO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.55% of loss for the given period.

Volatility was left at 10.43%, however, over the last 30 days, the volatility rate increased by 11.95%, as shares surge +37.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.81% upper at present.

During the last 5 trading sessions, CACO rose by +19.50%, which changed the moving average for the period of 200-days by +23.60% in comparison to the 20-day moving average, which settled at $0.5929. In addition, Caravelle International Group saw 52.49% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CACO

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.

Conclusion

In conclusion, Caravelle International Group (CACO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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