The stock of Mission Produce Inc (AVO) has gone up by 14.68% for the week, with a 11.41% rise in the past month and a 11.50% rise in the past quarter. The volatility ratio for the week is 5.68%, and the volatility levels for the past 30 days are 3.48% for AVO. The simple moving average for the past 20 days is 8.72% for AVO’s stock, with a 22.67% simple moving average for the past 200 days.
Is It Worth Investing in Mission Produce Inc (NASDAQ: AVO) Right Now?
Mission Produce Inc (NASDAQ: AVO) has a price-to-earnings ratio that is above its average at 27.97x. The stock has a 36-month beta value of 0.53. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for AVO is 45.06M, and at present, short sellers hold a 3.29% of that float. On December 27, 2024, the average trading volume of AVO was 273.18K shares.
AVO) stock’s latest price update
The stock price of Mission Produce Inc (NASDAQ: AVO) has surged by 0.42 when compared to previous closing price of 14.39, but the company has seen a 14.68% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that EGAN, AVO and BB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 26, 2024.
Analysts’ Opinion of AVO
Many brokerage firms have already submitted their reports for AVO stocks, with Lake Street repeating the rating for AVO by listing it as a “Buy.” The predicted price for AVO in the upcoming period, according to Lake Street is $15 based on the research report published on May 17, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see AVO reach a price target of $18, previously predicting the price at $20. The rating they have provided for AVO stocks is “Buy” according to the report published on April 07th, 2022.
Citigroup gave a rating of “Neutral” to AVO, setting the target price at $22 in the report published on March 23rd of the previous year.
AVO Trading at 11.54% from the 50-Day Moving Average
After a stumble in the market that brought AVO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.25% of loss for the given period.
Volatility was left at 3.48%, however, over the last 30 days, the volatility rate increased by 5.68%, as shares surge +10.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.03% upper at present.
During the last 5 trading sessions, AVO rose by +14.68%, which changed the moving average for the period of 200-days by +20.42% in comparison to the 20-day moving average, which settled at $13.29. In addition, Mission Produce Inc saw 43.21% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVO starting from SJB GT Trust, who proposed sale 260,000 shares at the price of $14.39 back on Dec 26 ’24. After this action, SJB GT Trust now owns shares of Mission Produce Inc, valued at $3,741,400 using the latest closing price.
SRB GT Trust, the Affiliate of Mission Produce Inc, proposed sale 260,000 shares at $14.39 during a trade that took place back on Dec 26 ’24, which means that SRB GT Trust is holding shares at $3,741,400 based on the most recent closing price.
Stock Fundamentals for AVO
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.12 for the gross margin
The net margin for Mission Produce Inc stands at 0.03. The total capital return value is set at 0.08. Equity return is now at value 6.98, with 3.89 for asset returns.
Based on Mission Produce Inc (AVO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 7.24. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 5.26.
Currently, EBITDA for the company is 110.7 million with net debt to EBITDA at -0.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is -726.29for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
To sum up, Mission Produce Inc (AVO) 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.
