Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Caravelle International Group’s current trading price is -26.21% away from its 52-week high, while its distance from the 52-week low is 143.18%. The stock’s price range during this period has varied between $0.44 and $1.45. The company, active in the Industrials sector, saw a trading volume of around 0.63 million for the day, considerably higher average daily volume of 44180.0 observed over the last three months.
Caravelle International Group’s stock has had a calm market performance. The 1-year high for the company’s stock was $1.45 on 04/24/23, and the lowest price during the same period was recorded at $0.44 on 02/05/24.
How Financial Performance Impacts Market Capitalization
Caravelle International Group (CACO) has experienced a quarterly rise of 134.65% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 56.46M.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5746, with a change in price of +0.4652. Similarly, Caravelle International Group recorded 39,534 in trading volume during the last 100 days, posting a change of +76.92%.
How CACO’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CACO stands at 0.85. Similarly, the long-term debt-to-equity ratio is also 0.76.
CACO Stock Stochastic Average
As of today, the raw stochastic average of Caravelle International Group over the past 50 days is 88.73%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 87.69%. Additionally, the Stochastic %K and %D values for the company were 83.08% and 75.65%, respectively, over the past 20 days.
CACO Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 127.56%.However, over the last six months, we can see a weaker performance of 65.89%. Over the last 30 days, the price of CACO has fallen by 73.48%. And in the last five days, it has surged by 56.09%.
