That’s why I Feel Comfortable With Mission Produce Inc’s (AVO) Future

A share price of Mission Produce Inc [AVO] is currently trading at $13.18, down -0.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AVO shares have gain 22.83% over the last week, with a monthly amount glided 31.80%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mission Produce Inc [NASDAQ: AVO] stock has seen the most recent analyst activity on May 17, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $15. Previously, Citigroup upgraded its rating to Buy on April 07, 2022, and dropped its price target to $18. On March 23, 2021, downgrade downgraded it’s rating to Neutral and revised its price target to $22 on the stock. JP Morgan downgraded its rating to a Neutral and increased its price target to $22 on March 11, 2021. BofA Securities initiated its recommendation with a Buy and recommended $17 as its price target on October 27, 2020. Stephens started tracking with a Overweight rating for this stock on October 26, 2020, and assigned it a price target of $18. In a note dated October 26, 2020, JP Morgan initiated an Overweight rating and provided a target price of $18 on this stock.

Mission Produce Inc experienced fluctuations in its stock price throughout the past year between $8.19 and $13.45. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. Mission Produce Inc [NASDAQ: AVO] shares were valued at $13.18 at the most recent close of the market. An investor can expect a potential return of 44.16% based on the average AVO price forecast.

Analyzing the AVO fundamentals

Trailing Twelve Months sales for Mission Produce Inc [NASDAQ:AVO] were 1.14B which represents 23.95% growth. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.93 points at the first support level, and at 12.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.37, and for the 2nd resistance point, it is at 13.57.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Mission Produce Inc [NASDAQ:AVO] is 2.02. As well, the Quick Ratio is 1.40, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 39.94.

Transactions by insiders

Recent insider trading involved Taylor Family Investments, LLC, Director, that happened on Sep 13 ’24 when 0.5 million shares were purchased. Officer, Stephen J. Barnard completed a deal on Sep 12 ’24 to buy 36200.0 shares. Meanwhile, Director Gonzalez Luis A sold 51615.0 shares on Sep 12 ’24.

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