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After finishing at $29.56 in the prior trading day, Calix Inc (NYSE: CALX) closed at $28.03, down -5.18%. In other words, the price has decreased by -$5.18 from its previous closing price. On the day, 2.47 million shares were traded. CALX stock price reached its highest trading level at $29.8899 during the session, while it also had its lowest trading level at $26.76.
Ratios:
Our goal is to gain a better understanding of CALX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.75. 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 1836665856 and an Enterprise Value of 1698834304. As of this moment, Calix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 61.94, and their Forward P/E ratio for the next fiscal year is 20.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.76 while its Price-to-Book (P/B) ratio in mrq is 2.54. Its current Enterprise Value per Revenue stands at 1.672 whereas that against EBITDA is 54.117.
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 $28.95. The 50-Day Moving Average of the stock is -15.88%, while the 200-Day Moving Average is calculated to be -29.84%.
Shares Statistics:
The stock has traded on average 1.09M shares per day over the past 3-months and 1075710 shares per day over the last 10 days, according to various share statistics. 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 87.90% stake in the company. Shares short for CALX as of 1711584000 were 3462473 with a Short Ratio of 3.16, compared to 1709164800 on 2361724. Therefore, it implies a Short% of Shares Outstanding of 3462473 and a Short% of Float of 8.0699995.
