Calavo Growers Inc (NASDAQ: CVGW) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Marginal positive changes in fundamentals have recently occurred for Calavo Growers Inc (NASDAQ: CVGW): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CVGW is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Calavo Growers has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Calavo Growers has a slightly negative Power Rating of 39 and a poor Appreciation Score of 25, resulting in the Negative Value Trend Rating.
Recent Price Action
Calavo Growers Inc (NASDAQ: CVGW) stock closed at $28.18 on 9/11/24 after a very large increase of 5.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 293% of normal. The stock has risen 22.8% during the last week but has been weak relative to the market over the last nine months.
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