Cal-Maine Foods, Inc. (CALM) Stock: What the Analysts are Saying

Cal-Maine Foods, Inc. (NASDAQ: CALM) has a price-to-earnings ratio that is above its average at 6.36x. The stock has a 36-month beta value of -0.06. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”

The public float for CALM is 40.46M, and at present, short sellers hold a 9.34% of that float. On April 03, 2024, the average trading volume of CALM was 604.64K shares.

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CALM) stock’s latest price update

Cal-Maine Foods, Inc. (NASDAQ: CALM) has experienced a rise in its stock price by 0.61 compared to its previous closing price of 58.55. However, the company has seen a fall of -1.16% in its stock price over the last five trading days. Market Watch reported 2024-04-02 that Shares of Cal-Maine Foods Inc. rallied 9% in the extended session Tuesday after the egg producer blew past Wall Street quarterly estimates, notching record sales volume on increased demand and lower egg prices.

CALM’s Market Performance

Cal-Maine Foods, Inc. (CALM) has experienced a -1.16% fall in stock performance for the past week, with a 5.57% rise in the past month, and a 2.65% rise in the past quarter. The volatility ratio for the week is 3.03%, and the volatility levels for the past 30 days are at 2.41% for CALM. The simple moving average for the last 20 days is -0.41% for CALM’s stock, with a simple moving average of 16.40% for the last 200 days.

Analysts’ Opinion of CALM

Many brokerage firms have already submitted their reports for CALM stocks, with Stephens repeating the rating for CALM by listing it as a “Equal-Weight.” The predicted price for CALM in the upcoming period, according to Stephens is $60 based on the research report published on April 25, 2023 of the previous year 2023.

BofA Securities gave a rating of “Underperform” to CALM, setting the target price at $38 in the report published on May 26th of the previous year.

CALM Trading at 2.60% from the 50-Day Moving Average

After a stumble in the market that brought CALM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.86% of loss for the given period.

Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares surge +3.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.79% upper at present.

During the last 5 trading sessions, CALM fell by -1.16%, which changed the moving average for the period of 200-days by +19.06% in comparison to the 20-day moving average, which settled at $59.26. In addition, Cal-Maine Foods, Inc. saw 2.65% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CALM starting from HARDIN CHARLES JEFF, who sale 750 shares at the price of $56.51 back on Feb 20 ’24. After this action, HARDIN CHARLES JEFF now owns 3,999 shares of Cal-Maine Foods, Inc., valued at $42,382 using the latest closing price.

Poole James E, the Director of Cal-Maine Foods, Inc., sale 3,000 shares at $55.91 during a trade that took place back on Feb 14 ’24, which means that Poole James E is holding 11,670 shares at $167,718 based on the most recent closing price.

Stock Fundamentals for CALM

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.3 for the gross margin

The net margin for Cal-Maine Foods, Inc. stands at 0.17. The total capital return value is set at 0.31. Equity return is now at value 30.68, with 24.24 for asset returns.

Currently, EBITDA for the company is 1.06 billion with net debt to EBITDA at -0.53. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 13.4for trailing twelve months and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.92.

Conclusion

To sum up, Cal-Maine Foods, Inc. (CALM) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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