Caravelle International Group (NASDAQ: CACO) has experienced a rise in its stock price by 30.92 compared to its previous closing price of 0.34. However, the company has seen a gain of 38.95% in its stock price over the last five trading days. prnewswire.com reported 2024-09-09 that SINGAPORE, Sept. 9, 2024 /PRNewswire/ — Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced its audited financial results for the fiscal year ended October 31, 2023.
Is It Worth Investing in Caravelle International Group (NASDAQ: CACO) Right Now?
The 36-month beta value for CACO is also noteworthy at 0.10.
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The public float for CACO is 10.59M, and at present, short sellers hold a 0.58% of that float. The average trading volume of CACO on September 19, 2024 was 135.29K shares.
CACO’s Market Performance
The stock of Caravelle International Group (CACO) has seen a 38.95% increase in the past week, with a 2.02% rise in the past month, and a -47.00% fall in the past quarter. The volatility ratio for the week is 21.43%, and the volatility levels for the past 30 days are at 15.83% for CACO. The simple moving average for the past 20 days is 17.36% for CACO’s stock, with a -30.23% simple moving average for the past 200 days.
CACO Trading at 2.35% 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 -63.64% of loss for the given period.
Volatility was left at 15.83%, however, over the last 30 days, the volatility rate increased by 21.43%, as shares surge +1.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.31% lower at present.
During the last 5 trading sessions, CACO rose by +38.95%, which changed the moving average for the period of 200-days by -24.16% in comparison to the 20-day moving average, which settled at $0.3752. In addition, Caravelle International Group saw -6.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CACO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.08 for the gross margin
The net margin for Caravelle International Group stands at 0.02. The total capital return value is set at -0.0.
Currently, EBITDA for the company is -9.29 million with net debt to EBITDA at 5207.05. When we switch over and look at the enterprise to sales, we see a ratio of 1254.11. The receivables turnover for the company is 0.02for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In summary, Caravelle International Group (CACO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
