Would It Be A Good Move Today To Sell Calix Inc. (CALX) Stock?

SNOW Stock
SNOW Stock

As of Wednesday close, Calix Inc.’s (NYSE:CALX) stock was up $1.11, moving up 1.65 percent to $68.49. The average number of shares traded per day over the past five days has been 429,340 shares. 2 times new highs have been achieved over the past 5 days, with a $1.98 gain in that time frame. In the last twenty days, the average volume was 543,315, while in the previous 50 days, it was 595,792.

Since last month, CALX stock retreated -4.08%. Shares of the company fell to $58.73 on 10/24/22, the lowest level in the past month. A 52-week high of $80.95 was reached on 01/03/22 after having rallying from a 52-week low of $31.59. Since the beginning of this year, CALX’s stock price has dropped by -14.36% or -$11.48, and marked a new high 1 time. However, the stock has declined by -15.39% since its 52-week high.

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CALX stock investors should be aware that Calix Inc. (CALX) stock had its last reported insider trading activity 21 days ago on Nov 03. Collins John Matthew, the EVP, Commercial Operations of the company, disposed of 5,000 shares for $70.65 on Nov 03. It resulted in a $353,250 divestment by the insider. Matthews Michael sold 2,000 shares at an average price of $72.33 on Nov 02. The insider now owns 64,000 shares following the transaction. On Oct 31, Chief Financial Officer SINDELAR CORY sold 3,000 shares at $74.52 apiece. The transaction was valued at $223,560.

Valuation Metrics

Right now, Calix Inc. (CALX) has a P/E ratio of about 96.19. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 5.26, the price-to-book (PB) ratio of 6.91, and the price-to-cash flow ratio of 198.36 may also be considered.

Financial Health

In the three months ended September 29, Calix Inc.’s quick ratio stood at 2.20, while its current ratio was 3.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 50.20% percent. In the year ended September 29, operating margins totaled 6.80%. Based on annual data, CALX earned $356.59 million in gross profit and brought in $679.39 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 42.20%. Return on equity (ROE) for the past 12 months was 8.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CALX’s revenue rose 27.12% to $202.04 million during the quarter, while net income inched up to $236.33 million. While analysts expected Calix Inc. to report $0.23 quarterly earnings, the actual figure was $0.34 per share, beating the consensus estimate by 47.80%. During the quarter, the company generated $23.17 million in EBITDA. The liabilities of Calix Inc. were 219.13 million at the end of its most recent quarter ended September 29, and its total debt was $13.3 million. The value of shareholders’ equity is $65.44 million.

Technical Picture

This quick technical analysis looks at Calix Inc.’s (CALX) price momentum. With a historical volatility rate of 40.60%, the RSI 9-day stood at 54.78% on 23 November.

With respect to its five-day moving average, the current Calix Inc. price is up by +2.98% percent or $1.98. At present, CALX shares trade -7.06% below its 20-day simple moving average and +98.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.37% above its SMA50 and +28.84% above its SMA200.

Stochastic coefficient K was 55.36% and Stochastic coefficient D was 51.56%, while ATR was 3.30. Given the Stochastic reading of 66.19% for the 14-day period, the RSI (14) reading has been calculated as 54.78%. As of today, the MACD Oscillator reading stands at 0.50, while the 14-day reading stands at 0.69.

Analyst Ratings

Rosenblatt launched its rating on Calix Inc. (NYSE: CALX) to a Buy in a note to investors on April 12, 2022. Calix Inc. (CALX) has been rated Buy by analysts. According to 0 brokerage firms, CALX is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Calix Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $83.00, the current consensus forecast for the stock is $75.00 – $95.00. Based on these forecasts, analysts predict Calix Inc. (CALX) will achieve an average price target of $84.11.


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