Cal-Maine Foods, Inc. (NASDAQ:CALM) does about 668.69K shares in volume on a normal day but saw 546943 shares change hands in Friday trading. The company now has a market cap of 2.79B USD. Its current market price is $56.80, marking a decrease of -1.25% compared to the previous close of $57.52. The 52 week high reached by this stock is $64.76 whilst the lowest price level in 52 weeks is $42.25.
Cal-Maine Foods, Inc. (CALM) has a 20-day trading average at $59.30 and the current price is -12.29% off the 52-week high compared with 34.44% distance from its 52-week low. The 50-day simple moving average of the closing price is $59.18 and its 200-day simple moving average is $52.35. If we look at the stock’s price movements over the week, volatility stands at 2.89%, which decreases to 2.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.82 to suggest the stock is neutral.
The consensus objective for the share price is $58.25, suggesting that the stock has a potential upside of 2.49% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 25, 2023 when Stephens downgraded the stock to “Equal-Weight” and issued a price target of between $67 and $60. BofA Securities downgraded its price target at $47-$38.
Cal-Maine Foods, Inc. (CALM) stock is down -0.12% over the week and -9.55% over the past month. Its price is -1.03% year-to-date and 19.53% over the past year.
To reach the target analysts have set, the stock logically needs to grow 2.49 percent from here.
The company has a return on investment of 15.99% and return on equity of 16.91%. The price to earnings ratio (P/E ratio) amounts to 10.07 while the forward price to earnings ratio is 19.49. The beta has a value of -0.09. Price to book ratio is 1.62 and price to sales ratio is 1.17.
