In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $34.87 in the prior trading day, Calix Inc (NYSE: CALX) closed at $33.90, down -2.78%. In other words, the price has decreased by -$2.78 from its previous closing price. On the day, 0.51 million shares were traded. CALX stock price reached its highest trading level at $35.38 during the session, while it also had its lowest trading level at $33.75.
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 7.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.01. For the most recent quarter (mrq), Quick Ratio is recorded 3.73 and its Current Ratio is at 4.50. 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:
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 Nov 04 ’24 when Russo Carl sold 25,000 shares for $35.42 per share. The transaction valued at 885,500 led to the insider holds 2,189,188 shares of the business.
Russo Carl bought 25,000 shares of CALX for $884,139 on Nov 04 ’24. On Aug 02 ’24, another insider, Russo Carl, who serves as the Director of the company, sold 25,000 shares for $37.56 each. As a result, the insider received 939,057 and left with 3,723,381 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 2248112384 and an Enterprise Value of 1969696256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.53 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 2.213 whereas that against EBITDA is -115.052.
Stock Price History:
Over the past 52 weeks, CALX has reached a high of $45.15, while it has fallen to a 52-week low of $26.76. The 50-Day Moving Average of the stock is -1.20%, while the 200-Day Moving Average is calculated to be -2.23%.
Shares Statistics:
The stock has traded on average 674.59K shares per day over the past 3-months and 445470 shares per day over the last 10 days, according to various share statistics. A total of 66.32M shares are outstanding, with a floating share count of 59.19M. Insiders hold about 10.75% of the company’s shares, while institutions hold 86.54% stake in the company. Shares short for CALX as of 1734048000 were 2457724 with a Short Ratio of 3.64, compared to 1731628800 on 2678890. Therefore, it implies a Short% of Shares Outstanding of 2457724 and a Short% of Float of 5.609999999999999.
