AVO Stock Summary and Trading Ideas (Mission Produce | NASDAQ:AVO)

Mission Produce Inc is engaged in the business of producing and distributing avocados, serving retail, wholesale, and food service customers. Also, the company provides additional services like ripening, bagging, custom packing, and logistical management. The company's operating segments include Marketing and Distribution, International Farming and Blueberries. It generates maximum revenue from the Marketing and Distribution segment. The Marketing and Distribution segment sources fruit mainly from growers and then distributes fruit through a distribution network. Geographically distributed across North America, China, Europe, and the U.K.

Mission Produce trades on the NASDAQ stock market under the symbol AVO.

As of January 28, 2025, AVO stock price declined to $12.36 with 27,448 million shares trading.

AVO has a beta of 1.00, meaning it tends to be more sensitive to market movements. AVO has a correlation of 0.10 to the broad based SPY ETF.

AVO has a market cap of $875.67 million. This is considered a Small Cap stock.

Last quarter Mission Produce reported $354 million in Revenue and $.28 earnings per share. This beat revenue expectation by $138 million and exceeded earnings estimates by $.20.

In the last 3 years, AVO traded as high as $16.96 and as low as $8.19.

The top ETF exchange traded funds that AVO belongs to (by Net Assets): VTI, IWM, VXF, VDC, AVUV.

AVO has underperformed the market in the last year with a price return of +20.9% while the SPY ETF gained +24.7%. However, in the short term, AVO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.2% vs +4.1% return in SPY. But in the last 2 weeks, AVO shares have been beat by the market, returning +0.9% compared to an SPY return of +3.3%.

AVO support price is $12.11 and resistance is $12.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVO shares will trade within this expected range on the day.