Mission Produce Inc (NASDAQ:AVO) price on Friday, June 13, rose 1.57% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.33.
A look at the stock’s price movement, the close in the last trading session was $12.14. The PE ratio in trailing twelve months stood at 23.87. Turning to its 52-week performance, $15.25 and $9.54 were the 52-week high and 52-week low respectively. Overall, AVO moved 17.77% over the past month.
Mission Produce Inc’s market cap currently stands at around $870.73 million, with investors looking forward to this quarter’s earnings report slated for in July.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend AVO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AVO’s current price about 12.15% and 16.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.75, while 7-day volatility ratio is 2.43% and 2.64% in the 30-day chart. Further, Mission Produce Inc (AVO) has a beta value of 0.57, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $27. Looking at the price targets, the low is -21.65% off current price level while to achieve the yearly target high, price needs to move -118.98%. Nonetheless, investors will most likely welcome a -21.65% jump to $15 which is the analysts’ median price.
If we refocus on Mission Produce Inc (NASDAQ:AVO), historical trading data shows that trading volumes averaged 323.00K over the past 3 months. The company’s latest data on shares outstanding shows there are 70.62 million shares.
The 35.28% of Mission Produce Inc’s shares are in the hands of company insiders while institutional holders own 34.15% of the company’s shares. Current price change has pushed the stock -14.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AVO stock continues to rise going into the next quarter.
