Calavo Growers, Inc (NASDAQ:CVGW) does about 262.20K shares in volume on a normal day but saw 1679207 shares change hands in the recent trading day. The company now has a market cap of 413.47M USD. Its current market price is $23.18, marking a decrease of -16.26% compared to the previous close of $27.68. The 52 week high reached by this stock is $30.58 whilst the lowest price level in 52 weeks is $20.30. The script in recent trading has seen the stock touch a high of $31 and a low of $31.
The consensus objective for the share price is $31.67, suggesting that the stock has a potential upside of 26.81% over the period. The median price target is 25.23% away from the current levels at $31.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 04, 2021 when Lake Street resumed the stock to “Buy” and issued a price target of $85.
The current price level is -12.49%, -10.48%, and -9.70% away from its SMA20, SMA50, and SMA200 respectively, with the CVGW price moving above the 50-day SMA on current market day. Calavo Growers, Inc (CVGW) stock is down -14.53% over the week and -9.24% over the past month. Its price is -9.10% year-to-date and -6.87% over the past year.
Its 12-month price target is $31. To reach the target analysts have set, the stock logically needs to grow 26.81 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $31, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $31.
Outstanding shares total 17.84M with insiders holding 6.59% of the shares and institutional holders owning 73.67% of the company’s common stock. The company has a return on investment of 4.53% and return on equity of 6.90%. The price to earnings ratio (P/E ratio) amounts to 40.52 while the forward price to earnings ratio is 10.81. The beta has a value of 0.39. Price to book ratio is 2.02 and price to sales ratio is 0.60.
