Caravelle International Group (NASDAQ: CACO) has experienced a rise in its stock price by 26.93 compared to its previous closing price of 0.72. However, the company has seen a gain of 32.45% in its stock price over the last five trading days.
Is It Worth Investing in Caravelle International Group (NASDAQ: CACO) Right Now?
The 36-month beta value for CACO is also noteworthy at 0.28.
The public float for CACO is 6.63M, and at present, short sellers hold a 0.89% of that float. The average trading volume of CACO on April 17, 2024 was 41.20K shares.
CACO’s Market Performance
The stock of Caravelle International Group (CACO) has seen a 32.45% increase in the past week, with a 49.80% rise in the past month, and a 98.64% gain in the past quarter. The volatility ratio for the week is 16.30%, and the volatility levels for the past 30 days are at 12.67% for CACO. The simple moving average for the past 20 days is 40.41% for CACO’s stock, with a 54.19% simple moving average for the past 200 days.
CACO Trading at 49.92% 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 -36.98% of loss for the given period.
Volatility was left at 12.67%, however, over the last 30 days, the volatility rate increased by 16.30%, as shares surge +48.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +84.68% upper at present.
During the last 5 trading sessions, CACO rose by +32.45%, which changed the moving average for the period of 200-days by +72.45% in comparison to the 20-day moving average, which settled at $0.6656. In addition, Caravelle International Group saw 94.33% 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 summary, Caravelle International Group (CACO) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
