Calix Inc (NYSE: CALX) has a higher price-to-earnings ratio of 69.70x compared to its average ratio, The 36-month beta value for CALX is at 1.70. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CALX is 58.17M, and currently, shorts hold a 5.95% of that float. The average trading volume for CALX on April 12, 2024 was 1.04M shares.
CALX) stock’s latest price update
Calix Inc (NYSE: CALX) has experienced a decline in its stock price by -0.25 compared to its previous closing price of 31.62. However, the company has seen a gain of 0.93% in its stock price over the last five trading days. InvestorPlace reported 2024-04-10 that The tech sector has been on an upward trend ever since AI came into the spotlight. Some companies, like Microsoft (NASDAQ: MSFT ) and Nvidia (NASDAQ: NVDA ), saw massive growth in industry coverage and valuations and have shown no signs of slowing.
CALX’s Market Performance
Calix Inc (CALX) has experienced a 0.93% rise in stock performance for the past week, with a -9.19% drop in the past month, and a -27.78% drop in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.46% for CALX. The simple moving average for the past 20 days is -4.20% for CALX’s stock, with a -22.55% simple moving average for the past 200 days.
Analysts’ Opinion of CALX
Many brokerage firms have already submitted their reports for CALX stocks, with JP Morgan repeating the rating for CALX by listing it as a “Neutral.” The predicted price for CALX in the upcoming period, according to JP Morgan is $49 based on the research report published on May 19, 2023 of the previous year 2023.
Needham, on the other hand, stated in their research note that they expect to see CALX reach a price target of $88, previously predicting the price at $82. The rating they have provided for CALX stocks is “Buy” according to the report published on December 22nd, 2022.
Rosenblatt gave a rating of “Buy” to CALX, setting the target price at $60 in the report published on April 12th of the previous year.
CALX Trading at -7.24% from the 50-Day Moving Average
After a stumble in the market that brought CALX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.27% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -7.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.28% lower at present.
During the last 5 trading sessions, CALX rose by +0.93%, which changed the moving average for the period of 200-days by -33.92% in comparison to the 20-day moving average, which settled at $32.80. In addition, Calix Inc saw -27.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CALX starting from Collins John Matthew, who sale 60,000 shares at the price of $33.14 back on Oct 27 ’23. After this action, Collins John Matthew now owns 0 shares of Calix Inc, valued at $1,988,400 using the latest closing price.
LISTWIN DONALD J, the Director of Calix Inc, sale 100,000 shares at $43.15 during a trade that took place back on Aug 04 ’23, which means that LISTWIN DONALD J is holding 497,533 shares at $4,315,000 based on the most recent closing price.
Stock Fundamentals for CALX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.5 for the gross margin
The net margin for Calix Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 4.54, with 3.48 for asset returns.
Based on Calix Inc (CALX), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 4.86. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 9.13.
Currently, EBITDA for the company is 48.72 million with net debt to EBITDA at -1.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.93. The receivables turnover for the company is 8.25for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.19.
Conclusion
In conclusion, Calix Inc (CALX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
