The price of CVV is predicted to go up -30.62%, based on the high correlation periods with TRIP. The similarity of these two price pattern on the periods is 96.69%.

CVV

TRIP

Down: -30.62%Similarity: 96.69%

CVV Revenue Forecast

CVV EPS Forecast

CVV FAQs

What is bull’s view on CVV?

CVV stock has bullish potential due to its strong aerospace recovery outlook and a $3.5M follow-on order for advanced materials production, which supports long-term growth. The stock's recent price of $3.01 is near its Fibonacci support level of $3.02, suggesting a potential rebound toward the resistance level of $3.67. Additionally, its growing backlog of $24M and improving financial performance indicate a positive trajectory.

What is bear's view on CVV?

CVV stock is bearish due to the following reasons:

Weak Financial Performance: CVV reported a significant net loss of $4.18M in FY 2023 compared to a $224K loss in FY 2022, with EPS declining to -$0.62. This reflects deteriorating profitability and operational challenges.
Technical Indicators: The RSI (14) is at 34.49, indicating the stock is nearing oversold territory, while the MACD (-0.17) suggests continued bearish momentum. The stock closed at $3.01, below its pivot point of $3.34, signaling further downside risk.
Declining Revenue and Margins: Revenue fell by 6.6% YoY in FY 2023, and gross margin contracted to 21.03%, highlighting operational inefficiencies and reduced demand.