A new trading day began on Friday, with Calix Inc (NYSE: CALX) stock price down -3.96% from the previous day of trading, before settling in for the closing price of $31.54. CALX’s price has ranged from $30.77 to $53.90 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 19.35%. Meanwhile, its annual earnings per share averaged -30.43%. With a float of $58.17 million, this company’s outstanding shares have now reached $65.05 million.
Considering the fact that the conglomerate employs 1760 people, you should pay attention to its efficiency factor.
Calix Inc (CALX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Calix Inc is 11.07%, while institutional ownership is 87.88%. The most recent insider transaction that took place on Oct 27 ’23, was worth 1,988,400. In this transaction Chief Commercial Ops Officer of this company sold 60,000 shares at a rate of $33.14, taking the stock ownership to the 0 shares. Before that another transaction happened on Aug 04 ’23, when Company’s Director sold 100,000 for $43.15, making the entire transaction worth $4,315,000. This insider now owns 497,533 shares in total.
Calix Inc (CALX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 141.98 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.43% per share during the next fiscal year.
Calix Inc (NYSE: CALX) Trading Performance Indicators
Here are Calix Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 51.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.45, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.73 in one year’s time.
Technical Analysis of Calix Inc (CALX)
Compared to the last year’s volume of 0.98 million, its volume of 0.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.70%. Additionally, its Average True Range was 0.96.
During the past 100 days, Calix Inc’s (CALX) raw stochastic average was set at 0.47%, which indicates a significant decrease from 2.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.24% in the past 14 days, which was lower than the 55.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.91, while its 200-day Moving Average is $40.55. Nevertheless, the first resistance level for the watch stands at $30.91 in the near term. At $31.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.87. If the price goes on to break the first support level at $29.95, it is likely to go to the next support level at $29.60. Should the price break the second support level, the third support level stands at $28.99.
Calix Inc (NYSE: CALX) Key Stats
With a market capitalization of 1.98 billion, the company has a total of 65,409K Shares Outstanding. Currently, annual sales are 1,040 M while annual income is 29,330 K. The company’s previous quarter sales were 264,730 K while its latest quarter income was -6,600 K.
