Calix Inc. (NYSE:CALX) shares, rose in value on Friday, 06/03/22, with the stock price down by -3.95% to the previous day’s close as strong demand from buyers drove the stock to $38.21.
Actively observing the price movement in the last trading, the stock closed the session at $39.78, falling within a range of $37.90 and $39.55. The value of beta (5-year monthly) was 1.60 whereas the PE ratio was 11.50 over 12-month period. Referring to stock’s 52-week performance, its high was $80.95, and the low was $32.56. On the whole, CALX has fluctuated by -7.64% over the past month.
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With the market capitalization of Calix Inc. currently standing at about $2.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2022 – Apr 29, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.19, which is expected to increase to $0.25 for fiscal year $0.82 and then to about $1.11 by fiscal year 2023. Data indicates that the EPS growth is expected to be -41.00% in 2023, while the next year’s EPS growth is forecast to be 35.40%.
Analysts have estimated the company’s revenue for the quarter at $196.02 million, with a low estimate of $195 million and a high estimate of $198.2 million. According to the average forecast, sales growth in current quarter could jump up 16.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $782.54 million, representing an increase of 15.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CALX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
8 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 8 recommend it as a Buy and 0 called the CALX stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.57, with the price of CALX currently trading nearly 6.78% and -0.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.60, while the 7-day volatility ratio is showing 4.70% which for the 30-day chart, stands at 6.21%. Furthermore, Calix Inc. (CALX)’s beta value is 1.58, and its average true range (ATR) is 2.39. The company’s stock has been forecasted to trade at an average price of $59.38 over the course of the next 52 weeks, with a low of $48.00 and a high of $70.00. Based on these price targets, the low is -25.62% off current price, whereas the price has to move -83.2% to reach the yearly target high. Additionally, analysts’ median price of $60.00 is likely to be welcomed by investors because it represents a decrease of -57.03% from the current levels.
A comparison of Calix Inc. (CALX) with its peers suggests the former has fared considerably weaker in the market. CALX showed an intraday change of -3.95% in last session, and over the past year, it shrunk by -17.38%%. In comparison, DZS Inc. (DZSI) has moved lower at -1.35% on the day and was up 5.84% over the […]
source Thinking Of Investing In Calix Inc. (NYSE: CALX) Stock? Here’s What You Need To Know
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