Caravelle International Group (NASDAQ: HTCO) has experienced a rise in its stock price by 41.54 compared to its previous closing price of 1.30. However, the company has seen a gain of 47.20% 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.
Is It Worth Investing in Caravelle International Group (NASDAQ: HTCO) Right Now?
The 36-month beta value for HTCO is also noteworthy at 0.01.
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The public float for HTCO is 13.28M, and at present, short sellers hold a 0.28% of that float. The average trading volume of HTCO on December 03, 2024 was 165.84K shares.
HTCO’s Market Performance
The stock of Caravelle International Group (HTCO) has seen a 47.20% increase in the past week, with a 75.24% rise in the past month, and a 349.88% gain in the past quarter. The volatility ratio for the week is 17.28%, and the volatility levels for the past 30 days are at 15.08% for HTCO. The simple moving average for the past 20 days is 45.83% for HTCO’s stock, with a 150.45% simple moving average for the past 200 days.
HTCO Trading at 95.62% 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 able to rebound, for now settling with 12.88% of gains for the given period.
Volatility was left at 15.08%, however, over the last 30 days, the volatility rate increased by 17.28%, as shares surge +78.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +344.23% upper at present.
During the last 5 trading sessions, HTCO rose by +47.20%, which changed the moving average for the period of 200-days by +161.36% in comparison to the 20-day moving average, which settled at $1.2618. In addition, Caravelle International Group saw 291.32% 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.
