Cal-Maine Foods, Inc. (NASDAQ: CALM) has seen a decline in its stock price by -1.89 in relation to its previous close of 60.36. However, the company has experienced a -2.79% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Five stocks in focus with recent dividend hike are: OZK, TJX, CALM, CHX, PSX.
Is It Worth Investing in Cal-Maine Foods, Inc. (NASDAQ: CALM) Right Now?
The price-to-earnings ratio for Cal-Maine Foods, Inc. (NASDAQ: CALM) is above average at 10.50x, Company’s 36-month beta value is -0.07.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for CALM is 40.51M, and currently, short sellers hold a 7.09% ratio of that floaft. The average trading volume of CALM on April 19, 2024 was 637.24K shares.
CALM’s Market Performance
CALM’s stock has seen a -2.79% decrease for the week, with a -2.47% drop in the past month and a 9.08% gain in the past quarter. The volatility ratio for the week is 2.75%, and the volatility levels for the past 30 days are at 3.03% for Cal-Maine Foods, Inc. The simple moving average for the past 20 days is -2.62% for CALM’s stock, with a 14.91% simple moving average for the past 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 0.67% 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 -8.55% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.43% upper at present.
During the last 5 trading sessions, CALM fell by -2.79%, which changed the moving average for the period of 200-days by +28.99% in comparison to the 20-day moving average, which settled at $60.69. In addition, Cal-Maine Foods, Inc. saw 3.19% 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:
- 0.13 for the present operating margin
- 0.23 for the gross margin
The net margin for Cal-Maine Foods, Inc. stands at 0.12. The total capital return value is set at 0.16. Equity return is now at value 16.91, with 13.36 for asset returns.
Currently, EBITDA for the company is 1.06 billion with net debt to EBITDA at -0.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.07. The receivables turnover for the company is 9.63for trailing twelve months and the total asset turnover is 1.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.65.
Conclusion
In a nutshell, Cal-Maine Foods, Inc. (CALM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
