Calix Inc (NYSE: CALX) is -22.00% lower on its value in year-to-date trading and has touched a low of $26.76 and a high of $45.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CALX stock was last observed hovering at around $34.53 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $34.08, the stock is -8.80% and -8.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -1.30% at the moment leaves the stock -2.67% off its SMA200. CALX registered -3.26% loss for a year compared to 6-month gain of 13.34%. The firm has a 50-day simple moving average (SMA 50) of $37.3068 and a 200-day simple moving average (SMA200) of $35.0625.
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The stock witnessed a -8.39% loss in the last 1 month and extending the period to 3 months gives it a -9.34%, and is -3.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.32% over the week and 3.99% over the month.
Calix Inc (CALX) has around 1760 employees, a market worth around $2.26B and $890.13M in sales. Fwd P/E is 49.70. Profit margin for the company is -1.79%. Distance from 52-week low is 27.35% and -24.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.04%).
Calix Inc quarterly earnings per share for the current quarter are estimated at 0.07 with sales reaching $203.91M over the same period.The EPS is expected to shrink by -67.16% this year, but quarterly earnings will post -20.20% year-over-year. Quarterly sales are estimated to shrink -23.00% in year-over-year returns.
353.0 institutions hold shares in Calix Inc (CALX), with institutional investors hold 102.19% of the company’s shares. The shares outstanding are 65.05M, and float is at 59.11M with Short Float at 4.05%. Institutions hold 90.54% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.68 million shares valued at $378.48 million. The investor’s holdings represent 16.3497 of the CALX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.51 million shares valued at $266.08 million to account for 11.4943 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 6.07 million shares representing 9.2848 and valued at over $214.94 million, while STATE STREET CORP holds 3.5366 of the shares totaling 2.31 million with a market value of $81.87 million.
Calix Inc (CALX) Insider Activity
The most recent transaction is an insider sale by Russo Carl, the company’s Director. SEC filings show that Russo Carl sold 25,000 shares of the company’s common stock on Nov 04 ’24 at a price of $35.42 per share for a total of $0.89 million. Following the sale, the insider now owns 2.19 million shares.
Still, SEC filings show that on Aug 02 ’24, Russo Carl (Director) disposed off 25,000 shares at an average price of $37.56 for $0.94 million. The insider now directly holds 3,723,381 shares of Calix Inc (CALX).
