The stock of Calix Inc. (NYSE:CALX) increased by $1.53 on Friday to finish at $42.10, up 3.77 percent. The last five days have seen an average of 518,600 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$26.33. The average number of shares traded over the last 20 days was 634,550, while the average volume over the last 50 days totaled 628,498.
CALX stock dropped -7.61% since last month. On 08/18/23, the company’s shares reached a one-month low of $39.61. The stock touched a high of $77.44 on 01/09/23, after rallying from a low of $39.61 in 52 weeks. The price of CALX stock has declined by -38.48% or -$26.33 this year, reaching a new high 3 times. Still, the stock price is down -45.64% from the 52-week high.
Insider Transactions
CALX stock investors should be aware that Calix Inc. (CALX) stock had its last reported insider trading activity 24 days ago on Aug 04. On Aug 04, Director LISTWIN DONALD J sold 100,000 shares at $43.15 each. This transaction resulted in the insider making $4,315,000. On Jul 25, Collins John Matthew sold 10,000 shares at a price of US$47.12. After the transaction, the insider now owns 0 shares. Chief Commercial Ops Officer Collins John Matthew had earlier sold 5,000 shares on May 02 for $44.10 a share. The transaction was completed for $220,486.
Valuation Metrics
Calix Inc. (CALX) has a trailing price-to-earnings (P/E) ratio of 66.09. Beta for the stock is 1.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.71, the price-to-book (PB) ratio of 3.76, and the price-to-cash flow ratio of 133.86.
Financial Health
For the three months ended June 29, Calix Inc.’s quick ratio was 2.70, while its current ratio was 3.70, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 51.20% percent. Calix Inc.’s EBITDA margin for the year ended June 29 was 8.17%, whereas its operating margin stood at 5.50% for the same period. Based on annual data, it had gross profit of $435.43 million and revenue of $867.83 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CALX’s return on assets (ROA) during the last 12 months has been 4.90%. There was a 5.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.40%.
Earnings Surprise
According to Calix Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $260.47 million, while revenues rose by 22.76% to $250.01 million. It was predicted that Calix Inc.’s quarterly earnings would be $0.36, but it ended up being $0.31, beating the consensus by 16.10%. EBITDA was $16.0 million for the quarter. At the end of Calix Inc.’s most recent quarter ended June 29, its liabilities totaled 200.0 million, while its total debt was $13.4 million. Equity owned by shareholders amounts to $66.32 million.
Technical Picture
Here’s a quick look at Calix Inc.’s (CALX) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 51.22%, suggesting the stock is Neutral, with a 40.79% historical volatility rate.
The stochastic %K and %D were 58.57% and 43.40% respectively, while the average true range (ATR) was 1.46. Based on the 14-day stochastic reading of 82.18%, the RSI (14) reading is 46.11%. On the 9-day MACD Oscillator, the stock is at 0.73, and the 14-day reading is at 0.58.
Analyst Ratings
In its analyst report released on May 19, 2023, JP Morgan began covering Calix Inc. (NYSE: CALX). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Calix Inc. (CALX) an Buy rating. CALX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is CALX’s price target for the next 12 months?
The current consensus forecast for the stock is between $51.00 and $95.00, with a median target price of $77.50. In analyzing these forecasts, the average price target given by analysts for Calix Inc. (CALX) is $76.88.
