Organic Industry Stocks($CBT, $NGVC, $SFM...) Soar with an Average Weekly Gain of 6.86%📊
The organic industry encompasses firms that produce products in adherence to organic farming standards, emphasizing resource cycling and ecological balance. Examples of companies within this sector include Hain Celestial Group Inc., which offers organic snack foods and personal care products; Natural Grocers by Vitamin Cottage Inc., a purveyor of organic grocery and dietary supplements; and Sunopta, Inc., a supplier of organic specialty foods.
Tickers in Industry - $CBT, $NGVC, $SFM, $STKL, $HAIN
Swing Trader: Business Model (TA&FA)
🔍 Key Players
Prominent companies in this group comprise:
- Hain Celestial Group Inc.
- Natural Grocers by Vitamin Cottage Inc.
- Sunopta, Inc.
Market Capitalization
The organic industry players have an average market capitalization of 2B. Within the group, valuations range between 294.5M for Natural Grocers by Vitamin Cottage Inc. (NGVC) and peak at 4.4B for Sprouts Farmers Market (SFM).
Price Movements
Over the past week, the average price growth for the stocks within this industry stood at 3.97%. On a monthly basis, the average price growth has been 0.84%, while the quarterly average reflected a decline at -11.65%. Sunopta, Inc. (STKL) shone with a remarkable growth rate of 16.78%, whereas Natural Grocers by Vitamin Cottage Inc. (NGVC) experienced a drop of -2.41%.
Notable Price Highlights
- Sprouts Farmers Market (SFM) witnessed a notable uptick, growing by 8.44% to reach $35.99 on 6/29/23.
- SunOpta (STKL) faced a weekly dip, declining by 7.15% to settle at $6.49 as of 6/27/23.
- Another downward movement was seen by Sprouts Farmers Market (SFM) earlier in the month, with a decrease of 8.01% to $33.06 on 6/3/23.
Volume Insights
The weekly average volume growth for the industry's stocks surged by 54.61%. When observed on a monthly and quarterly basis, the stocks showed a tremendous increase in trading volumes, with growth rates of 137.64% and 118.72% respectively.
Volume Highlight
SunOpta's stock trading volume skyrocketed on 10/14/23, recording a phenomenal daily growth of 298% compared to its 65-Day Volume Moving Average.
📋Fundamental Analysis Ratings
When rated on a scale where 1 signifies the best and 100 the worst, the average fundamental analysis rating for the companies in this sector is... (the article would continue based on the given ratings, which were not provided in the original text).
CBT : On October 9, 2023, CBT's MACD Histogram signaled a bullish move as it crossed above the signal line. Historical data suggests a favorable trend for CBT: in 31 out of 44 prior occurrences when the MACD turned positive, the stock appreciated in the subsequent month. This implies a 70% probability of an ongoing upward momentum.
NGVC : On October 12, 2023, NGVC experienced a 3.07% decrease, marking its third consecutive day of decline. This persistent downward movement typically indicates a bearish outlook. Historical analysis of NGVC's performance shows that when it has declined for three days in the past, it continued to fall in 237 out of 303 instances over the next month. This suggests a 78% chance of the downtrend persisting.
SFM : On October 10, 2023, SFM surpassed its upper Bollinger Band, typically suggesting a potential pullback. Investors may anticipate a downward shift as the stock could realign towards the middle band. Historically, when SFM has breached its upper Bollinger Band, it retreated in 33 out of 45 occasions. Given this, there's a 73% probability of a downward move. Consideration for stock divestment or put options might be prudent.
