Do Analysts Think Caravelle International Group (HTCO) Is Still Worth Buying In 2024?

Caravelle International Group (NASDAQ:HTCO) does about 120.83K shares in volume on a normal day but saw 1787126 shares change hands in the recent trading day. The company now has a market cap of 81.33M USD. Its current market price is $1.45, marking an increase of 43.56% compared to the previous close of $1.01. The 52 week high reached by this stock is $1.21 whilst the lowest price level in 52 weeks is $0.21.

Caravelle International Group (HTCO) has a 20-day trading average at $0.5908 and the current price is 19.83% off the 52-week high compared with 590.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4740 and its 200-day simple moving average is $0.6334. If we look at the stock’s price movements over the week, volatility stands at 36.45%, which decreases to 17.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 91.20 to suggest the stock is overbought.

The current price level is 145.42%, 205.91%, and 128.94% away from its SMA20, SMA50, and SMA200 respectively, with the HTCO price moving below the 50-day SMA on current market day. Caravelle International Group (HTCO) stock is up 159.95% over the week and 250.07% over the past month. Its price is 208.38% year-to-date and 127.81% over the past year.

Outstanding shares total 52.77M with insiders holding 76.32% of the shares and institutional holders owning 0.44% of the company’s common stock. The beta has a value of 0.22. Price to sales ratio is 0.85.