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In the latest session, Calix Inc (NYSE: CALX) closed at $36.90 down -0.43% from its previous closing price of $37.06. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 1.03 million shares were traded. CALX stock price reached its highest trading level at $38.02 during the session, while it also had its lowest trading level at $36.25.
Ratios:
For a deeper understanding of Calix Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.27. For the most recent quarter (mrq), Quick Ratio is recorded 3.43 and its Current Ratio is at 4.28. In the meantime, Its Debt-to-Equity ratio is 0.01 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 the company, Jefferies on April 25, 2024, Downgraded its rating to Hold and sets its target price to $30 from $48 previously.
On May 19, 2023, JP Morgan started tracking the stock assigning a Neutral rating and target price of $49.
Needham reiterated its Buy rating for the stock on December 22, 2022, while the target price for the stock was revised from $82 to $88.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 02 ’24 when Russo Carl sold 25,000 shares for $37.56 per share. The transaction valued at 939,057 led to the insider holds 3,723,381 shares of the business.
Russo Carl bought 25,000 shares of CALX for $937,774 on Aug 02 ’24. On Oct 27 ’23, another insider, Collins John Matthew, who serves as the Chief Commercial Ops Officer of the company, sold 60,000 shares for $33.14 each. As a result, the insider received 1,988,400 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 2428038656 and an Enterprise Value of 2187488256. As of this moment, Calix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 608.91, and their Forward P/E ratio for the next fiscal year is 43.78. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 30.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 3.22. Its current Enterprise Value per Revenue stands at 2.295 whereas that against EBITDA is 238.965.
Stock Price History:
Over the past 52 weeks, CALX has reached a high of $48.53, while it has fallen to a 52-week low of $26.76. The 50-Day Moving Average of the stock is 2.36%, while the 200-Day Moving Average is calculated to be 2.86%.
Shares Statistics:
For the past three months, CALX has traded an average of 649.85K shares per day and 506140 over the past ten days. A total of 65.05M shares are outstanding, with a floating share count of 58.65M. Insiders hold about 10.87% of the company’s shares, while institutions hold 91.77% stake in the company. Shares short for CALX as of 1722384000 were 3119598 with a Short Ratio of 4.80, compared to 1719532800 on 2722955. Therefore, it implies a Short% of Shares Outstanding of 3119598 and a Short% of Float of 7.21.
Earnings Estimates
The company has 7.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $0.09, with high estimates of $0.12 and low estimates of $0.05.
Analysts are recommending an EPS of between $0.52 and $0.44 for the fiscal current year, implying an average EPS of $0.48. EPS for the following year is $0.84, with 7.0 analysts recommending between $1.22 and $0.64.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $201.06M this quarter.It ranges from a high estimate of $202.1M to a low estimate of $200.12M. As of the current estimate, Calix Inc’s year-ago sales were $263.83MFor the next quarter, 7 analysts are estimating revenue of $204.63M. There is a high estimate of $207.8M for the next quarter, whereas the lowest estimate is $202.12M.
A total of 7 analysts have provided revenue estimates for CALX’s current fiscal year. The highest revenue estimate was $834.4M, while the lowest revenue estimate was $826.69M, resulting in an average revenue estimate of $830.24M. In the same quarter a year ago, actual revenue was $1.04BBased on 7 analysts’ estimates, the company’s revenue will be $874.37M in the next fiscal year. The high estimate is $912.7M and the low estimate is $855.1M.
