In last trading session, Mission Produce, Inc. (NASDAQ:AVO) saw 242,761 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $20.65 trading at $0.27 or 1.32% at ring of the bell on the day assigns it a market valuation of $1.46 Billion. That closing price of AVO’s stock is at a discount of -11.04% from its 52-week high price of $22.93 and is indicating a premium of 43.1% from its 52-week low price of $11.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 156Million shares which gives us an average trading volume of 257.19 Million if we extend that period to 3-months.
For Mission Produce, Inc. (AVO), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2. Splitting up the data highlights that, out of 4 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.31 in the current quarter.
Upright in the green during last session for gaining 1.32%, in the last five days AVO remained trading in the green while hitting it’s week-highest on Friday, Jul 02 when the stock touched $20.93- price level, adding 1.34% to its value on the day. Mission Produce, Inc.’s shares saw a change of 37.21% in year-to-date performance and have moved -1.2% in past 5-day. Mission Produce, Inc. (NASDAQ:AVO) showed a performance of -5.84% in past 30-days. Number of shares sold short was 683.05 Million shares which calculate 2.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $24 to the stock, which implies a rise of 16.22% to its current value. Analysts have been projecting $22 as a low price target for the stock while placing it at a high target of $25. It follows that stock’s current price would jump +21.07% in reaching the projected high whereas dropping to the targeted low would mean a loss of 6.54% for stock’s current value.
Mission Produce, Inc. (AVO) estimates and forecasts
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $246.37 Million for the same. And 4 analysts are in estimates of company making revenue of $253.68 Million in the next quarter that will end on October 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -60.5% while estimates for its earnings growth in next 5 years are of 12.4%
Mission Produce, Inc. (NASDAQ:AVO)’s Major holders
Insiders are in possession of 47.39% of company’s total shares while institution are holding 11% percent of that, with stock having share float percentage of 20.9%. Investors also watch the number of corporate investors in a company very closely, which is 92 institutions for Mission Produce, Inc. that are currently holding shares of the company. Nuance Investments, LLC is the top institutional holder at AVO for having 1.28 Million shares of worth $24.26 Million. And as of March 30, 2021, it was holding 1.81% of the company’s outstanding shares.
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The second largest institutional holder is Stephens Investment Management Group, which was holding about 1.25 Million shares on March 30, 2021. The number of shares represents firm’s hold over 1.78% of outstanding shares, having a total worth of $23.84 Million.
On the other hand, Managed Portfolio Series-Nuance Mid Cap Value Fd and Touchstone Strategic Trust-Touchstone Small Company Fd are the top two Mutual Funds which own company’s shares. As of April 29, 2021, the former fund manager was holding 800939 shares of worth $16.18 Million or 1.13% of the total outstanding shares. The later fund manager was in possession of 513.37 Thousand shares on March 30, 2021, making its stake of worth around $9.76 Million in the company or a holder of 0.73% of company’s stock.