Cal-Maine Foods, Inc. (NASDAQ:CALM) shares, rose in value, with the stock price down by -2.13% to the previous day’s close as strong demand from buyers drove the stock to $56.87.
Actively observing the price movement in the last trading, the stock closed the session at $58.11. The PE ratio was 10.08 over 12-month period. Referring to stock’s 52-week performance, its high was $64.76, and the low was $42.25. On the whole, CALM has fluctuated by -2.99% over the past month.
The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 1.54%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.29B, with a low estimate of 565M and a high estimate of 644.73M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 604.86M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CALM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CALM currently trading nearly -5.96% and -4.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.38, while the 7-day volatility ratio is showing 2.11% which for the 30-day chart, stands at 2.98%. Furthermore, Cal-Maine Foods, Inc. (CALM)’s beta value is -0.05, and its average true range (ATR) is 1.63.
A comparison of Cal-Maine Foods, Inc. (CALM) with its peers suggests the former has fared considerably weaker in the market. CALM showed an intraday change of -2.13% in last session, and over the past year, it grew by 14.63%%.
Data on historical trading for Cal-Maine Foods, Inc. (NASDAQ:CALM) indicates that the trading volumes over the past 3 months, they’ve averaged 657.99K. According to company’s latest data on outstanding shares, there are 44.18 million shares outstanding.
Nearly 17.39% of Cal-Maine Foods, Inc.’s shares belong to company insiders and institutional investors own 84.77% of the company’s shares. The stock has fallen by -0.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CALM stock heading into the next quarter.
