Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Calix Inc (NYSE: CALX) closed the day trading at $29.18 down -0.65% from the previous closing price of $29.37. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 0.65 million shares were traded. CALX stock price reached its highest trading level at $30.25 during the session, while it also had its lowest trading level at $29.18.
Ratios:
For a better understanding of CALX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.70. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 3.19. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, JP Morgan on May 19, 2023, initiated with a Neutral rating and assigned the stock a target price of $49.
On December 22, 2022, Needham reiterated its Buy rating and also lowered its target price recommendation from $82 to $88.
On April 12, 2022, Rosenblatt started tracking the stock assigning a Buy rating and target price of $60.Rosenblatt initiated its Buy rating on April 12, 2022, with a $60 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 27 ’23 when Collins John Matthew sold 60,000 shares for $33.14 per share. The transaction valued at 1,988,400 led to the insider holds 0 shares of the business.
LISTWIN DONALD J sold 100,000 shares of CALX for $4,315,000 on Aug 04 ’23. The Director now owns 497,533 shares after completing the transaction at $43.15 per share. On Jul 25 ’23, another insider, Collins John Matthew, who serves as the Chief Commercial Ops Officer of the company, sold 10,000 shares for $47.12 each. As a result, the insider received 471,200 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CALX now has a Market Capitalization of 1908409984 and an Enterprise Value of 1699856640. As of this moment, Calix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 64.49, and their Forward P/E ratio for the next fiscal year is 16.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 2.64. Its current Enterprise Value per Revenue stands at 1.635 whereas that against EBITDA is 40.266.
Stock Price History:
Over the past 52 weeks, CALX has reached a high of $53.90, while it has fallen to a 52-week low of $29.08. The 50-Day Moving Average of the stock is -13.42%, while the 200-Day Moving Average is calculated to be -27.68%.
Shares Statistics:
Over the past 3-months, CALX traded about 1.06M shares per day on average, while over the past 10 days, CALX traded about 761580 shares per day. A total of 65.05M shares are outstanding, with a floating share count of 58.17M. Insiders hold about 11.07% of the company’s shares, while institutions hold 87.84% stake in the company. Shares short for CALX as of 1711584000 were 3462473 with a Short Ratio of 3.26, compared to 1709164800 on 2361724. Therefore, it implies a Short% of Shares Outstanding of 3462473 and a Short% of Float of 8.0699995.
Earnings Estimates
Investors are keenly observing as Perspective Therapeutics, Inc. analysts analyze and rate the current performance of Calix Inc (CALX) in the stock market.The consensus estimate for the next quarter is $50.05, with high estimates of $29.18 and low estimates of $142.34.
