With 56.09M Outstanding Shares, Can Caravelle International Group (NASDAQ: HTCO) Deliver Big Short-Term Gains?

money audit

Caravelle International Group (NASDAQ:HTCO) currently has a daily average trading volume of 215.94K but it saw 146577 shares traded in last market. With a market cap of 166.58M USD, the company’s current market price of $2.97 came falling about -15.38 while comparing to the previous closing price of $3.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.50 and as low as $0.21. In the recent trading on the day, stock has struck highest price mark of $2.4 while lowest mark touched by it was $3.65.

Taking a look at 20-day trading activity of Caravelle International Group (HTCO) gives us an average price of $2.83, while its current price level is -34.00% below from 52-week high level whereas it is 1314.29% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.93 while that of 200 days or SMA-200 reads an average of $0.99. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.33% during that period while stretching the period over a month that decreases to 22.25%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.01 which implies that the stock is in neutral territory.

Over the week, HTCO’s stock price is moving -10.81% down while it is 62.30% when we observe its performance for the past one month. Year-to-date it is -10.81% down and over the past year, the stock is showing an upside performance of 545.65%.

Currently, Caravelle International Group’s total number of outstanding shares is 56.09M. Stock’s beta reads -0.57. Stock has a price to sale or P/S ratio amounts to 1.96. Its return on asset (ROA) is -79.83% on average.