The stock of Caravelle International Group (HTCO) has gone up by 15.27% for the week, with a 151.61% rise in the past month and a 154.35% rise in the past quarter. The volatility ratio for the week is 18.27%, and the volatility levels for the past 30 days are 23.37% for HTCO. The simple moving average for the last 20 days is 30.89% for HTCO stock, with a simple moving average of 76.38% for the last 200 days.
Is It Worth Investing in Caravelle International Group (NASDAQ: HTCO) Right Now?
The 36-month beta value for HTCO is also noteworthy at -0.12.
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The public float for HTCO is 13.28M, and at present, short sellers hold a 0.78% of that float. The average trading volume of HTCO on November 05, 2024 was 127.99K shares.
HTCO) stock’s latest price update
Caravelle International Group (NASDAQ: HTCO)’s stock price has increased by 13.59 compared to its previous closing price of 1.03. However, the company has seen a 15.27% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-31 that HONG KONG, Oct. 31, 2024 /PRNewswire/ — Caravelle International Group (Nasdaq: HTCO), a global ocean technology company, today announced its Condensed Interim Unaudited financial results for the period ended April 30, 2024. During the reported period, Caravelle achieved revenue of approximately $35 million with income from operation of approximately $150,000, which is a significant improvement compared to an operational loss of $7 million for the same period in the financial year of 2023.
HTCO Trading at 94.50% from the 50-Day Moving Average
After a stumble in the market that brought HTCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.22% of loss for the given period.
Volatility was left at 23.37%, however, over the last 30 days, the volatility rate increased by 18.27%, as shares surge +134.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +171.40% upper at present.
During the last 5 trading sessions, HTCO rose by +15.27%, which changed the moving average for the period of 200-days by +151.07% in comparison to the 20-day moving average, which settled at $0.8939. In addition, Caravelle International Group saw 148.83% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HTCO
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.58.
Conclusion
In summary, Caravelle International Group (HTCO) 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.
