MARKET COMPOSITE
CVGW - Calavo Growers, Inc8:00:00 PM 6/14/2024
Price
$25.22
-0.50 (-1.94%)
Calavo Growers, Inc. is an international consumer goods and farm products company. The company packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide. While the company is based in Santa Paula, California, avocado production is cultivated throughout the state of California, as well as Central and South America. Calavo Growers was established in 1924 as an agricultural cooperative and was instrumental in launching the California avocado industry. The company operates its business through three divisions including Fresh Products, Calavo Foods and Renaissance Food Group . The company has been listed on the America's Best Small Company list by Forbes. The company was assessed as a great value stock to pick by Zacks Investment Research. Calavo Growers, Inc. was founded on January 21, 1924, as the California Avocado Growers' Exchange. Due to overwhelming interest in the avocado, many California growers had planted avocado seeds that had originated in Mexico. Although slow to mature, by 1923 those avocado trees were producing a large enough crop to be marketed. The problem was the lack of a marketing outlet. The founders studied grower cooperatives that were doing well at the time such as the California Fruit Growers Exchange and adopted features that would work best for the avocado industry. In the first year, the California Avocado Growers Exchange packed the 18,000 lbs. of fruit that launched the California avocado industry. Shortly after, the growers exchange adopted the name Calavo as a brand. This was the result of a naming contest in which multiple entries were submitted combining the words "California" and "avocado". Calavo quickly became the brand name of high quality avocados. In the early 1930s, the cooperative increased its offerings to include limes, coconuts, kiwis, mangos and persimmons. Papayas were added in the late 1940s.
Financials
Quarterly financials
(USD)Apr 2024Q/Q
Revenue184.4MM+44%
Gross Profit20.4MM+63%
Cost Of Revenue164MM+42%
Operating Income7.1MM-618%
Operating Expenses13.2MM-
Net Income6.1MM-197%
G&A13MM-3%
Interest Expense962K+17%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    Calavo Growers ( NASDAQ:CVGW ) Second Quarter 2024 Results Key Financial Results Revenue: US$184.4m (up 17% from 2Q...

    Apple shares are on track for a record close after the tech giant unveils its long-awaited approach to generative artificial intelligence, GM’s board authorizes a new $6 billion buyback plan.

    Apple shares are on track for a record close after the tech giant unveils its long-awaited approach to generative artificial intelligence, GM’s board authorizes a new $6 billion buyback plan.

    Investing.com -- U.S. stock futures slipped lower Tuesday, amid caution ahead of the release of inflation data and the start of the latest Federal Reserve meeting.

    Fresh produce company Calavo Growers (NASDAQGS:CVGW) reported results ahead of analysts' expectations in Q1 CY2024, with revenue down 24.6% year on year to $184.4 million. It made a non-GAAP profit of $0.50 per share, improving from its loss of $0.01 per share in the same quarter last year.

    SANTA PAULA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global avocado industry leader and provider of convenient, ready-to-eat fresh food, today reported its financial results for the fiscal second quarter ended April 30, 2024. Second Quarter Financial Overview Introductory Note: In the first quarter of 2024, we concluded that the fresh cut (formerly RFG) business meets the requirements to be classified as held for sale and discontinued operations. As a

    Fresh produce company Calavo Growers (NASDAQGS:CVGW) will be reporting results today after market close. Here's what you need to know.

    SANTA PAULA, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced the appointment of John Lindeman to its Board of Directors and Audit Committee, effective June 3, 2024. “We are excited to welcome John to our Board of Directors,” said Steven Hollister, Chairman of the Board of Directors of Calavo Growers. “John has extensive experience in corporate finance, strategy, and leadership

    SANTA PAULA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (Nasdaq-GS: CVGW), a global leader in the avocado and value-added fresh food industries, today announced that it will release financial results for the fiscal second quarter ended April 30, 2024, after the market closes on Monday, June 10. About Calavo Growers, Inc. Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in high quality produce, including avocados, tomatoes and papayas, and a pioneer of healthy fresh-cut f

    Targeting vegan stocks to buy carries with it a sector evangelism problem. There’s a tendency to believe that doing good for the environment through sustainable practices can lead to profitability sacrifices. However, that might not be true. First, going the vegan route appears to be a positive for the environment. According to The Guardian, research shows that “vegan diets resulted in 75% less climate-heating emissions, water pollution and land use than diets in which more than 100g of meat a d