Cal-Maine Foods, Inc. (NASDAQ: CALM)’s stock price has increased by 0.28 compared to its previous closing price of 71.84. However, the company has seen a 0.83% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-31 that I provide weekly economic insights and a buy list to help investors make informed decisions, emphasizing the importance of understanding economic cycles and political impacts. I analyze political proposals like Trump’s tariffs and Harris’s price controls, highlighting their potential negative economic effects and advocating for unbiased, clear-eyed economic views. Ray Dalio questions the funding for increased government spending, stressing the need for broad-based productivity and prosperity through education and equal opportunities.
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 12.67x. The 36-month beta value for CALM is also noteworthy at -0.11. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CALM is 40.57M, and at present, short sellers hold a 5.17% of that float. The average trading volume of CALM on September 02, 2024 was 551.08K shares.
CALM’s Market Performance
The stock of Cal-Maine Foods, Inc. (CALM) has seen a 0.83% increase in the past week, with a -0.15% drop in the past month, and a 16.82% gain in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are at 1.64% for CALM. The simple moving average for the last 20 days is 1.81% for CALM stock, with a simple moving average of 21.70% 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 7.63% 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 -0.91% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +1.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.84% upper at present.
During the last 5 trading sessions, CALM rose by +0.83%, which changed the moving average for the period of 200-days by +45.51% in comparison to the 20-day moving average, which settled at $70.82. In addition, Cal-Maine Foods, Inc. saw 25.53% 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 Holladay Robert L Jr, who sale 1,500 shares at the price of $70.93 back on Aug 20 ’24. After this action, Holladay Robert L Jr now owns 16,754 shares of Cal-Maine Foods, Inc., valued at $106,397 using the latest closing price.
Walters Michael Todd, the COO of Cal-Maine Foods, Inc., sale 3,000 shares at $70.20 during a trade that took place back on Jul 31 ’24, which means that Walters Michael Todd is holding 5,310 shares at $210,600 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 16.29, with 13.35 for asset returns.
Currently, EBITDA for the company is 375.69 million with net debt to EBITDA at -0.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.41. The receivables turnover for the company is 14.32for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.45.
Conclusion
In summary, Cal-Maine Foods, Inc. (CALM) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
