Caravelle International Group (HTCO) Stock: What the Analysts are Saying

The stock has a 36-month beta value of -0.04.

The public float for HTCO is 13.28M, and at present, short sellers hold a 0.58% of that float. On November 22, 2024, the average trading volume of HTCO was 159.38K shares.

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HTCO) stock’s latest price update

Caravelle International Group (NASDAQ: HTCO) has experienced a decline in its stock price by -9.70 compared to its previous closing price of 1.34. However, the company has seen a fall of -4.72% in its stock price over the last five trading days. prnewswire.com reported 2024-11-18 that HONG KONG, Nov. 18, 2024 /PRNewswire/ — Caravelle International Group (NASDAQ: HTCO), a global ocean technology company, today announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules. The Company had previously announced on July 31, 2024, that it was notified by Nasdaq on July 26, 2024 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as the closing bid price of the Company’s ordinary shares had been below $1.00 per share for more than 30 consecutive business days.

HTCO’s Market Performance

HTCO’s stock has fallen by -4.72% in the past week, with a monthly rise of 7.63% and a quarterly rise of 180.68%. The volatility ratio for the week is 18.02% while the volatility levels for the last 30 days are 15.88% for Caravelle International Group The simple moving average for the past 20 days is 3.93% for HTCO’s stock, with a 69.87% simple moving average for the past 200 days.

HTCO Trading at 47.09% 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 -25.77% of loss for the given period.

Volatility was left at 15.88%, however, over the last 30 days, the volatility rate increased by 18.02%, as shares surge +14.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +296.72% upper at present.

During the last 5 trading sessions, HTCO fell by -4.72%, which changed the moving average for the period of 200-days by +151.09% in comparison to the 20-day moving average, which settled at $1.1643. In addition, Caravelle International Group saw 157.34% 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

To sum up, Caravelle International Group (HTCO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

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