Caravelle International Group
CACO

$0.42

0.72%

Market Cap: 23.2M

About: Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company primarily derives freight revenue from voyage contracts and provides vessel service.

Employees: 23

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

5% more capital invested

Capital invested by funds: $55.7K [Q4 2023] → $58.2K (+$2.51K) [Q1 2024]

0.03% less ownership

Funds ownership: 0.22% [Q4 2023] → 0.2% (-0.03%) [Q1 2024]

20% less funds holding

Funds holding: 5 [Q4 2023] → 4 (-1) [Q1 2024]

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

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Research analyst outlook

We haven’t received any recent analyst ratings for CACO.

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Financial journalist opinion

Caravelle International Group Regained Compliance with the Minimum Bid Requirement

SINGAPORE , June 11, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology company received the determination letter on June 10 from Nasdaq (the "Determination Letter") that for the 17 consecutive business days, from May 15, 2024, to June 7, 2024, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Requirement and this matter is now closed.

Caravelle International Group Regained Compliance with the Minimum Bid Requirement

Caravelle Lays the Groundwork for Innovative Business in Mixed Transportation and Drying Wood by Signing a MoU with the Government of Gabon

SINGAPORE , April 25, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology group of companies, today announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Water and Forestry of Gabon on the development of a critical timber processing and marketing technology for the transportation, processing and sale of timber. This initiative is another important step in preparation for the drying of timber on the same carrier as the transportation of manganese ore.

Caravelle Lays the Groundwork for Innovative Business in Mixed Transportation and Drying Wood by Signing a MoU with the Government of Gabon

CUEX Metal AG and Caravelle International Group Sign Innovative Manganese Ore Purchase Agreement to Advance Wood Drying Business

SINGAPORE , April 18, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology group of companies, today announced the signing of an innovative manganese ore sourcing agreement with CUEX Metal AG ("CUEX"), a leading provider of services to the global steel, foundry and smelting industries. This partnership not only ensures CUEX's stability in the global manganese ore supply chain, but also marks a substantial step forward in the cooperation between the two companies in the wood drying business.

CUEX Metal AG and Caravelle International Group Sign Innovative Manganese Ore Purchase Agreement to Advance Wood Drying Business

Caravelle International Group Announces Receipt of Nasdaq Deficiency Notice

SINGAPORE , March 29, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it received a notice from The Nasdaq Stock Market LLC (Nasdaq) indicating that, as a result of not having timely filed its Annual Report on Form 20-F for the fiscal year ended Oct 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Notice has no immediate impact on the listing of the Company's securities, which will continue to trade on Nasdaq, subject to the Company's compliance with the other continued listing requirements of Nasdaq.

Caravelle International Group Announces Receipt of Nasdaq Deficiency Notice

Caravelle International Group Announces Major Milestone in Innovation: The Launch of Wood Drying Ship

SINGAPORE , March 4, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, is excited to announce a significant leap forward in its operational capabilities with the full commissioning stage of its pioneering wood drying ship. This innovative venture marks a significant milestone in the company's commitment to leveraging sustainable technologies and processes.

Caravelle International Group Announces Major Milestone in Innovation: The Launch of Wood Drying Ship

Caravelle Reports Half Year 2023 Financial Results

SINGAPORE , Feb. 29, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced its unaudited and unreviewed financial results for the six months ended April 30, 2023. Half year 2023 Financial Highlights Six Months Ended Year-over- April 30, April 30, Year % In millions, except percentages 2023 2022 Change Total revenues $ 45.10 $ 96.67 (53.35) % Gross margin 7.51 % 22.54 % (66.68) % Income from operation $ 1.36 $ 20.13 (93.24) % Net income $ 1.35 20.15 (93.30) % April 30, October 31, In millions 2023 2022 Cash, cash equivalents and restricted cash $ 9.62 $ 21.57 Mr.

Caravelle Reports Half Year 2023 Financial Results

Caravelle's Chairman of the Board and CEO, Dr. Guohua Zhang, invited to Davos Summit 2024

--Milestone Initiative on Ocean Carbon Neutral Sustainability with Fortune 500 CEOs and ESG Leaders SINGAPORE , Jan. 24, 2024 /PRNewswire/ -- Dr Guohua Zhang, Chairman and CEO of Caravelle International Group (Nasdaq: CACO) , the world's leading ocean carbon neutral technology company, was invited to Davos Summit 2024 in Switzerland to participate in the Climate Technology and World Sustainability Forum, and had a discussion with a number of Fortune 500 CEOs and ESG leaders on how to better embed social and economic value into the global sustainability framework and jointly advocated that we will work together to promote and support the balanced development of carbon neutral projects in the ocean. Dr.Zhang Guohua met with Mr.

Caravelle's Chairman of the Board and CEO, Dr. Guohua Zhang, invited to Davos Summit 2024

Caravelle International Group Announces a Private Placement of up to $6.8 Million

SINGAPORE , Jan. 10, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has entered into a securities purchase agreement with two institutional investors (the "Investors") on January 5, 2024 to issue and sell $1.5 million of securities as an advance payment for the initial tranche of $3.3 million in a private placement of up to $6.8 million which closed on January 10, 2024. The remaining $1.8 million of the initial tranche shall be paid to the Company upon satisfaction of certain post-closing conditions as set forth in the securities purchase agreement.

Caravelle International Group Announces a Private Placement of up to $6.8 Million

Caravelle International Group Announces Receipt of Nasdaq Notification and Outlines Compliance Plan

SINGAPORE , Nov. 17, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has received a notification from the Nasdaq Stock Market LLC ("Nasdaq") regarding its compliance status. The notice, received on November 14, 2023, indicates that Caravelle International Group has not filed its interim financial statements for the six-month period ended April 30, 2023, and as a result, is currently non compliant with Nasdaq's Listing Rules for continued listing.

Caravelle International Group Announces Receipt of Nasdaq Notification and Outlines Compliance Plan

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