As of Friday close, Cal-Maine Foods Inc.’s (NASDAQ:CALM) stock was up $0.54, moving up 1.15 percent to $47.64. The average number of shares traded per day over the past five days has been 608,100 shares. 5 times new highs have been achieved over the past 5 days, with a $1.15 gain in that time frame. In the last twenty days, the average volume was 844,020, while in the previous 50 days, it was 799,370.
Since last month, CALM stock rose 7.56%. Shares of the company fell to $43.85 on 07/21/23, the lowest level in the past month. A 52-week high of $65.32 was reached on 04/03/23 after having rallying from a 52-week low of $43.29. Since the beginning of this year, CALM’s stock price has dropped by -12.51% or -$6.81, and marked a new high 6 times. However, the stock has declined by -27.07% since its 52-week high.
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CALM stock investors should be aware that Cal-Maine Foods Inc. (CALM) stock had its last reported insider trading activity 141 days ago on Mar 31. HARDIN CHARLES JEFF, the Executive Vice President Sales of the company, disposed of 1,201 shares for $60.15 on Mar 31. It resulted in a $72,240 divestment by the insider. HUGHES LETITIA CALLENDER sold 1,180 shares at an average price of $54.70 on Jan 26. The insider now owns 42,727 shares following the transaction. On Oct 19, Director Poole James E sold 5,000 shares at $59.45 apiece. The transaction was valued at $297,262.
Valuation Metrics
Right now, Cal-Maine Foods Inc. (CALM) has a P/E ratio of about 3.07. The stock’s beta is -0.09. Besides these, the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 1.44, and the price-to-cash flow ratio of 3.22 may also be considered.
The latest dividend of $0.76 per share was paid out, which is -65.45% less than last year’s $2.20. On Sunday July 23 2023, a $1.44 dividend decrease was announced.
Financial Health
In the three months ended May 30, Cal-Maine Foods Inc.’s quick ratio stood at 4.60, while its current ratio was 6.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 38.00% percent. In the year ended May 30, EBITDA margin amounted to 32.94%, whereas operating margins totaled 30.80%. Based on annual data, CALM earned $1.2 billion in gross profit and brought in $3.15 billion 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 45.10%. Return on equity (ROE) for the past 12 months was 53.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CALM’s revenue rose 16.21% to $997.49 million during the quarter, while net income inched up to $688.68 million. While analysts expected Cal-Maine Foods Inc. to report $2.15 quarterly earnings, the actual figure was $2.27 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $150.88 million in EBITDA. The liabilities of Cal-Maine Foods Inc. were 344.94 million at the end of its most recent quarter ended May 30, and its total debt was $1.71 million. The value of shareholders’ equity is $48.98 million.
Technical Picture
This quick technical analysis looks at Cal-Maine Foods Inc.’s (CALM) price momentum. With a historical volatility rate of 10.56%, the RSI 9-day stood at 71.06% on 18 August.
With respect to its five-day moving average, the current Cal-Maine Foods Inc. price is up by +2.47% percent or $1.15. At present, CALM shares trade +8.00% above its 20-day simple moving average and -13.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.67% below its SMA50 and -15.70% below its SMA200.
Stochastic coefficient K was 83.48% and Stochastic coefficient D was 73.52%, while ATR was 0.98. Given the Stochastic reading of 97.26% for the 14-day period, the RSI (14) reading has been calculated as 64.06%. As of today, the MACD Oscillator reading stands at 0.66, while the 14-day reading stands at 0.92.
Analyst Ratings
Cal-Maine Foods Inc. downgraded its rating on Cal-Maine Foods Inc. (NASDAQ: CALM) to an Equal-weight in a note to investors on April 25, 2023. The analysts firm previously had an Overweight rating on the stock.Cal-Maine Foods Inc. (CALM) has been rated Hold by analysts. According to 1 brokerage firm, CALM is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Cal-Maine Foods Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $47.00, the current consensus forecast for the stock is $40.00 – $54.00. Based on these forecasts, analysts predict Cal-Maine Foods Inc. (CALM) will achieve an average price target of $47.00.
