Cavco Industries ( (CVCO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Cavco Industries’ stock has experienced a notable decline, driven by investor reactions to its upcoming first-quarter earnings release. Despite surpassing earnings estimates in the previous quarter, the stock fell by 5.30%, contributing to a year-to-date decrease of 5.59% and an 11.37% drop over the past six months. However, analysts remain optimistic with a ‘Moderate Buy’ consensus, forecasting a potential upside of over 32%, fueled by the company’s consistent earnings and growth prospects in its factory-built housing and financial services sectors.
More about Cavco Industries
YTD Price Performance: -6.17%
Average Trading Volume: 155,255
Technical Sentiment Signal: Hold
Current Market Cap: $3.35B
For further insights into CVCO stock on TipRanks’ Stock Analysis page.
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