It’s still a bull thesis, just subverted: Cal-Maine Foods, Inc (CALM)

Cal-Maine Foods, Inc [CALM] stock is trading at $93.97, up 3.91%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CALM shares have gain 3.23% over the last week, with a monthly amount glided 1.30%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Stephens downgraded its rating to Equal-Weight on April 25, 2023, and dropped its price target to $60. On March 30, 2022, upgrade upgraded it’s rating to Overweight. BofA Securities downgraded its rating to a Underperform and decreased its price target to $38 on May 26, 2021. BofA Securities initiated its recommendation with a Buy and recommended $47 as its price target on October 28, 2020. Stephens upgraded its rating to Overweight for this stock on March 17, 2020, but kept the price target unchanged to $47. In a note dated January 07, 2020, Cleveland Research upgraded an Neutral rating on this stock.

Cal-Maine Foods, Inc [CALM] stock has fluctuated between $45.07 and $95.06 over the past year. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Cal-Maine Foods, Inc [NASDAQ: CALM] shares were valued at $93.97 at the most recent close of the market. An investor can expect a potential drop of -36.15% based on the average CALM price forecast.

Analyzing the CALM fundamentals

Cal-Maine Foods, Inc [NASDAQ:CALM] reported sales of 2.65B for the trailing twelve months, which represents a growth of 71.09%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.24 and Total Capital is 0.24.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 91.79 points at the first support level, and at 89.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.56, and for the 2nd resistance point, it is at 97.14.

Ratios To Look Out For

For context, Cal-Maine Foods, Inc’s Current Ratio is 4.13. In addition, the Quick Ratio stands at 3.23 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 10.76.

Transactions by insiders

Recent insider trading involved Holladay Robert L Jr, VP – General Counsel, that happened on Aug 20 ’24 when 1500.0 shares were sold. COO, Walters Michael Todd completed a deal on Jul 31 ’24 to sell 3000.0 shares. Meanwhile, Director Poole James E sold 1500.0 shares on Jul 26 ’24.

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