CVGW Stock Summary and Trading Ideas (Calavo Growers | NASDAQ:CVGW)

Calavo Growers Inc is in the avocado industry and an expanding provider of value-added fresh food. The company distributes its products both domestically and internationally and reports its operations in two different business segments: Grown and Prepared. The Grown segment consists of fresh avocados, tomatoes, and papayas. The Prepared segment comprises all other products including fresh-cut fruits and vegetables, ready-to-eat sandwiches, wraps, salads and snacks, guacamole, and salsa sold at retail and food service as well as avocado pulp sold to food service.

Calavo Growers trades on the NASDAQ stock market under the symbol CVGW.

As of April 15, 2024, CVGW stock price climbed to $24.64 with 120,223 million shares trading.

CVGW has a beta of 0.51, meaning it tends to be less sensitive to market movements. CVGW has a correlation of 0.02 to the broad based SPY ETF.

CVGW has a market cap of $437.63 million. This is considered a Small Cap stock.

Last quarter Calavo Growers reported $128 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-125 million and missed earnings estimates by -$.18.

In the last 3 years, CVGW stock traded as high as $80.96 and as low as $21.42.

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

CVGW has underperformed the market in the last year with a price return of -14.3% while the SPY ETF gained +25.3%. CVGW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.4% and -11.4%, respectively, while the SPY returned +6.2% and -3.6%, respectively.

CVGW support price is $23.86 and resistance is $25.02 (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 CVGW stock will trade within this expected range on the day.