Caravelle International Group (NASDAQ:CACO) gain 17.73% – Is It right time to buy?

Caravelle International Group (CACO) saw an uptrend of 17.73% in the recent trading with $0.72 being its most recent. The current price level -50.55% lower than the highest price of $1.45 marked by the stock while trading over the past 52-weeks, whereas it is 62.95% higher than the lowest price of $0.44 the company dropped to over past 52-weeks. The latest news story on CACO appeared in (PR Newswire) under the title “Caravelle International Group Announces Receipt of Nasdaq Deficiency Notice”.

Squeezing the time span to 30 day period shows us the stock is currently trading -0.40% below one month high and is +43.40% above of the lowest during that time. Looking into the simple moving average, Caravelle International Group (CACO)’s stock stands at a SMA-50 of $0.5720 while that of 5-day is reading $0.6132.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and CACO’s SMA-200 as of now is $0.5857.

Caravelle International Group Earnings – What Happened With CACO

Coming around sales and income figures on CACO Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

CACO – Caravelle International Group Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 52.77 million. CACO does have institutional investors; and they hold 0.22% of the stock.

Caravelle International Group – Insider Activity and Holdings

As on Dec 30, 2023, ATW Spac Management LLC was the top most holder in Caravelle International Group (NASDAQ:CACO) with an ownership of 41718.0 shares of the company or 0.08% of the stake worth $29911.0. The filing also reveals Boothbay Fund Management, LLC as the second largest holder in the company with a control over 0.08% of the outstanding shares. Its stake is worth $29911.0 for having 41718.0 shares in hand.

Geode Capital Management, LLC also came holding a key position in the company during the recent quarter and it now holds 0.04% of the outstanding shares. With this there are now 5 institutions which have possession in CACO’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Caravelle International Group has a debt to equity ratio of 0.85.

Technical Analysis of Caravelle International Group (NASDAQ:CACO) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Caravelle International Group (CACO), we notice that the stock’s 20-day average volume is at 70,680 shares and 100% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 43,612 shares. And to end, CACO’s 100-day average volume is 28,654 shares with 50% of the long-term indicators pointing towards Buy for the stock.