10 Micro-, Small-Cap Firms Were Last Week’s Top Performers

4. Coffee Holding Co. Inc. (NASDAQ:JVA)

Coffee Holding 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,” 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.”