Calix Inc (NYSE: CALX) has a higher price-to-earnings ratio of 637.79x compared to its average ratio, The 36-month beta value for CALX is at 1.75. 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 58.65M, and currently, shorts hold a 4.78% of that float. The average trading volume for CALX on September 20, 2024 was 587.96K shares.
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CALX) stock’s latest price update
Calix Inc (NYSE: CALX)’s stock price has soared by 6.71 in relation to previous closing price of 36.22. Nevertheless, the company has seen a gain of 9.46% in its stock price over the last five trading days. businesswire.com reported 2024-08-28 that SAN JOSE, Calif.–(BUSINESS WIRE)—- $CALX #calix–Today, Calix, Inc. (NYSE: CALX) unveiled the Calix Field Service App for the Calix Broadband Platform. This app optimizes home visits, equipping field technicians with cloud automation and insights to deliver excellent installation services and facilitate upselling. With the launch of the app, broadband service providers (BSPs) partnering with Calix now have three data-driven residential Wi-Fi installation options: “do-it-yourself” subscriber self-installation.
CALX’s Market Performance
Calix Inc (CALX) has seen a 9.46% rise in stock performance for the week, with a 2.60% gain in the past month and a 11.00% surge in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 2.96% for CALX.. The simple moving average for the past 20 days is 6.20% for CALX’s stock, with a 7.63% simple moving average for the past 200 days.
Analysts’ Opinion of CALX
Many brokerage firms have already submitted their reports for CALX stocks, with Jefferies repeating the rating for CALX by listing it as a “Hold.” The predicted price for CALX in the upcoming period, according to Jefferies is $30 based on the research report published on April 25, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see CALX reach a price target of $49. The rating they have provided for CALX stocks is “Neutral” according to the report published on May 19th, 2023.
Needham gave a rating of “Buy” to CALX, setting the target price at $88 in the report published on December 22nd of the previous year.
CALX Trading at 5.32% 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 -18.03% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +4.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.42% upper at present.
During the last 5 trading sessions, CALX rose by +9.46%, which changed the moving average for the period of 200-days by -2.35% in comparison to the 20-day moving average, which settled at $36.47. In addition, Calix Inc saw -11.54% 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 Russo Carl, who sale 25,000 shares at the price of $37.56 back on Aug 02 ’24. After this action, Russo Carl now owns 3,723,381 shares of Calix Inc, valued at $939,057 using the latest closing price.
Russo Carl, the Officer of Calix Inc, proposed sale 25,000 shares at $37.51 during a trade that took place back on Aug 02 ’24, which means that Russo Carl is holding shares at $937,774 based on the most recent closing price.
Stock Fundamentals for CALX
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.51 for the gross margin
The net margin for Calix Inc stands at 0.01. The total capital return value is set at -0.01. Equity return is now at value 0.66, with 0.53 for asset returns.
Based on Calix Inc (CALX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 6.68. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -0.45.
Currently, EBITDA for the company is 48.72 million with net debt to EBITDA at -5.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The receivables turnover for the company is 11.61for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.28.
Conclusion
In conclusion, Calix Inc (CALX) has had a mixed 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.
