We recently compiled a list of the 10 Micro-, Small-Cap Firms Were Last Week’s Top Performers. In this article, we are going to take a look at where Coffee Holding Co., Inc. (NASDAQ:JVA) stands against the other stocks.
Micro- and small-cap companies dominated the stock market last week, clocking in impressive gains on the back of a flurry of catalysts that boosted investing appetite.
We named last week’s top 10 performers that outperformed the Russell 2000 index, which dropped by 4.04 percent week-on-week. Among them, one firm particularly stood out with its outstanding 317-percent jump, thanks to a $1-billion deal that could fuel its growth prospects.
To come up with the list, we considered the stocks with the highest week-on-week change, comparing their share prices on March 7 and February 28.
We classified micro-cap companies as those with a market capitalization below $300 million and small-cap firms as those with a market capitalization below $2 billion.
A close-up of a coffee bean being harvested in a lush, green field.
Coffee Holding Co., Inc. (NASDAQ:JVA)
Coffee Holding Co., Inc. (NASDAQ:JVA) saw its share price grow by 62.48 percent week-on-week to end Friday’s trading at $9.57 apiece from the $5.89 close on February 28 as investor sentiment was boosted by strong demand for its coffee products, as evidenced by a 15.2-percent growth in revenues during the last quarter.
The strong performance propelled the company to a net profit of $2.2 million, reversing a net loss of $835 million in 2023.
“With coffee prices remaining over $2.00/lb. for the majority of 2024, we were able to capitalize on our long-term strategy of having a horizontally integrated product mix,” Coffee Holding Co., Inc. (NASDAQ:JVA) said in a statement.
“Even with commodity prices rising as fast as they did, especially during the second half of the year, we still were required to hold off on increasing our prices to our large supermarket and wholesale customers until the national brands increased their prices, which clearly had a negative effect on both revenues and earnings up until when the majority of these price increases were implemented during the latter half of fiscal Q4 of 2024,” added JVA President and CEO Andrew Gordon. “Now, we believe that these increases, combined with an elevated Arabica futures market, should provide us with a strong tailwind heading into fiscal 2025.”
Overall JVA ranks 4th on our list of last week’s top performers. While we acknowledge the potential of JVA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JVA but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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