On Monday, Cal-Maine Foods, Inc. (NASDAQ: CALM) opened higher 6.22% from the last session, before settling in for the closing price of $79.62. Price fluctuations for CALM have ranged from $42.25 to $79.75 over the past 52 weeks.
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A company in the Consumer Defensive sector has jumped its sales by 16.36% annually for the last half of the decade. Company’s average yearly earnings per share was noted 43.94% at the time writing. With a float of $40.80 million, this company’s outstanding shares have now reached $44.24 million.
In an organization with 3067 employees, it is important to assess its efficiency.
Cal-Maine Foods, Inc. (CALM) Insider Updates
A key investor’s attitude towards the stock of the Farm Products industry is another important factor to consider. The insider ownership of Cal-Maine Foods, Inc. is 16.80%, while institutional ownership is 80.05%. The most recent insider transaction that took place on Aug 20 ’24, was worth 106,397. In this transaction VP – General Counsel of this company sold 1,500 shares at a rate of $70.93, taking the stock ownership to the 16,754 shares. Before that another transaction happened on Jul 31 ’24, when Company’s COO sold 3,000 for $70.20, making the entire transaction worth $210,600. This insider now owns 5,310 shares in total.
Cal-Maine Foods, Inc. (CALM) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 8/31/2024, the company posted 0.35 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.83) by -0.48. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.94% per share during the next fiscal year.
Cal-Maine Foods, Inc. (NASDAQ: CALM) Trading Performance Indicators
Check out the current performance indicators for Cal-Maine Foods, Inc. (CALM). In the past quarter, the stock posted a quick ratio of 3.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.56. Likewise, its price to free cash flow for the trailing twelve months is 10.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.73, a number that is poised to hit 2.98 in the next quarter and is forecasted to reach 2.96 in one year’s time.
Technical Analysis of Cal-Maine Foods, Inc. (CALM)
Let’s dig in a bit further. During the last 5-days, its volume was 1.0 million. That was better than the volume of 0.61 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.91%. Additionally, its Average True Range was 2.20.
During the past 100 days, Cal-Maine Foods, Inc.’s (CALM) raw stochastic average was set at 99.64%, which indicates a significant increase from 99.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.77% in the past 14 days, which was higher than the 26.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $71.80, while its 200-day Moving Average is $62.04. However, in the short run, Cal-Maine Foods, Inc.’s stock first resistance to watch stands at $86.35. Second resistance stands at $88.13. The third major resistance level sits at $91.58. If the price goes on to break the first support level at $81.11, it is likely to go to the next support level at $77.66. Assuming the price breaks the second support level, the third support level stands at $75.88.
Cal-Maine Foods, Inc. (NASDAQ: CALM) Key Stats
There are currently 49,038K shares outstanding in the company with a market cap of 4.15 billion. Presently, the company’s annual sales total 2,326 M according to its annual income of 277,890 K. Last quarter, the company’s sales amounted to 640,790 K and its income totaled 113,240 K.
