Cal-Maine Foods, Inc (NASDAQ:CALM) price on Friday, June 13, rose 1.63% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $96.38.
A look at the stock’s price movement, the close in the last trading session was $94.83. The PE ratio in trailing twelve months stood at 4.76. Turning to its 52-week performance, $116.41 and $57.56 were the 52-week high and 52-week low respectively. Overall, CALM moved 2.21% over the past month.
Cal-Maine Foods, Inc’s market cap currently stands at around $5.14 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 6.77, with its dividend yield at 7.03%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 877.03M for the company’s revenue for the quarter, with a low and high estimate of 864M and 890.69M respectively. The average forecast suggests up to a 36.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.03B, representing a 73.40% jump on that reported in the last financial year.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend CALM as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CALM’s current price about 0.40% and 1.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.55, while 7-day volatility ratio is 2.78% and 1.81% in the 30-day chart. Further, Cal-Maine Foods, Inc (CALM) has a beta value of 0.16, and an average true range (ATR) of 2.78. Analysts have given the company’s stock an average 52-week price target of $97, forecast between a low of $97 and high of $97. Looking at the price targets, the low is -0.64% off current price level while to achieve the yearly target high, price needs to move -0.64%. Nonetheless, investors will most likely welcome a -0.64% jump to $97 which is the analysts’ median price.
If we refocus on Cal-Maine Foods, Inc (NASDAQ:CALM), historical trading data shows that trading volumes averaged 991.68K over the past 3 months. The company’s latest data on shares outstanding shows there are 44.25 million shares.
The 17.25% of Cal-Maine Foods, Inc’s shares are in the hands of company insiders while institutional holders own 81.42% of the company’s shares. Current price change has pushed the stock -6.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CALM stock continues to rise going into the next quarter.
