Cal-Maine Foods, Inc. (NASDAQ: CALM)’s stock price has plunge by -0.04relation to previous closing price of 76.84. Nevertheless, the company has seen a 5.02% surge in its stock price over the last five trading sessions. investopedia.com reported 2024-10-02 that Cal-Maine Foods (CALM) shares hovered near their all-time high set yesterday as the largest U.S. producer and distributor of eggs reported higher prices sent revenue soaring.
Is It Worth Investing in Cal-Maine Foods, Inc. (NASDAQ: CALM) Right Now?
Cal-Maine Foods, Inc. (NASDAQ: CALM) has a price-to-earnings ratio of 8.80x that is above its average ratio. Additionally, the 36-month beta value for CALM is -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 40.55M and currently, short sellers hold a 5.07% ratio of that float. The average trading volume of CALM on October 02, 2024 was 497.69K shares.
CALM’s Market Performance
CALM’s stock has seen a 5.02% increase for the week, with a 8.08% rise in the past month and a 23.57% gain in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 2.37% for Cal-Maine Foods, Inc. The simple moving average for the past 20 days is 7.03% for CALM’s stock, with a 24.56% 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 8.09% 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 -0.38% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +11.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.60% upper at present.
During the last 5 trading sessions, CALM rose by +5.13%, which changed the moving average for the period of 200-days by +39.24% in comparison to the 20-day moving average, which settled at $72.16. In addition, Cal-Maine Foods, Inc. saw 33.84% 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 24.29, with 19.90 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 1.5. 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 4.13.
Conclusion
In conclusion, Cal-Maine Foods, Inc. (CALM) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
