Cal Maine Foods Stock Price on February 8, 2024
| CALM Stock | USD 57.52 2.27 4.11% |
Below is the normalized historical share price chart for Cal Maine Foods extending back to December 12, 1996. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cal Maine stands at 57.52, as last reported on the 3rd of May, with the highest price reaching 57.62 and the lowest price hitting 55.44 during the day.
If you're considering investing in Cal Stock, it is important to understand the factors that can impact its price. We consider Cal Maine very steady. Cal Maine Foods secures Sharpe Ratio (or Efficiency) of 0.058, which signifies that the company had a 0.058% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cal Maine Foods, which you can use to evaluate the volatility of the firm. Please confirm Cal Maine's Risk Adjusted Performance of 0.0445, downside deviation of 1.49, and Mean Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.0856%.
At this time, Cal Maine's Total Stockholder Equity is very stable compared to the past year. As of the 3rd of May 2024, Common Stock Shares Outstanding is likely to grow to about 45.2 M, while Common Stock is likely to drop about 509.2 K. . At this time, Cal Maine's Price Earnings Ratio is very stable compared to the past year. As of the 3rd of May 2024, Price Earnings To Growth Ratio is likely to grow to 0.14, while Price Book Value Ratio is likely to drop 1.54. Cal Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of December 1996 | 200 Day MA 52.2223 | 50 Day MA 59.189 | Beta (0.06) |
Cal |
Sharpe Ratio = 0.058
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| Cash | Small Risk | CALM | High Risk | Huge Risk |
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Estimated Market Risk
| 1.48 actual daily | 13 87% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Cal Maine is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cal Maine by adding it to a well-diversified portfolio.
Price Book 1.7186 | Enterprise Value Ebitda 6.5028 | Price Sales 1.2487 | Shares Float 42.4 M | Dividend Share 1.879 |
Cal Maine Valuation on February 8, 2024
It is possible to determine the worth of Cal Maine on a given historical date. On February 8, 2024 Cal was worth 55.76 at the beginning of the trading date compared to the closed value of 54.54. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cal Maine stock. Still, in general, we apply an absolute valuation method to find Cal Maine's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cal Maine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cal Maine's related companies.
| Open | High | Low | Close | Volume | |
| 55.88 | 56.03 | 54.80 | 54.80 | 441,099 | |
02/08/2024 | 55.76 | 56.00 | 54.54 | 54.54 | 383,725 |
| 55.45 | 55.77 | 54.60 | 54.60 | 317,914 |
| Backtest Cal Maine | | | Cal Maine History | | | Cal Maine Valuation | Previous | Next |
Cal Maine Trading Date Momentum on February 8, 2024
| On February 09 2024 Cal Maine Foods was traded for 54.60 at the closing time. The top price for the day was 55.77 and the lowest listed price was 54.60 . The trading volume for the day was 317.9 K. The trading history from February 9, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.11% . The overall trading delta against the current closing price is 4.14% . |
Cal Maine Foods Fundamentals Correlations and Trends
By evaluating Cal Maine's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cal Maine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cal financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cal Maine Stock history
Cal Maine investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cal is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cal Maine Foods will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cal Maine stock prices may prove useful in developing a viable investing in Cal Maine
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 44 M | 45.2 M | |
| Net Income Applicable To Common Shares | 871.7 M | 915.3 M |
Cal Maine Quarterly Net Working Capital |
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Cal Maine Stock Technical Analysis
Cal Maine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cal Maine Period Price Range
Low | February 8, 2024
| High |
55.76 | 54.54 |
Cal Maine May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Cal Maine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cal Maine shares will generate the highest return on investment. By undertsting and applying Cal Maine stock market strength indicators, traders can identify Cal Maine Foods entry and exit signals to maximize returns
| Accumulation Distribution | 10004.26 | |||
| Daily Balance Of Power | (0.84) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 55.27 | |||
| Day Typical Price | 55.03 | |||
| Price Action Indicator | (1.34) | |||
| Period Momentum Indicator | 2.98 | |||
| Relative Strength Index | 48.62 |
Cal Maine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cal Maine's price direction in advance. Along with the technical and fundamental analysis of Cal Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cal to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.0506 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0225 | |||
| Treynor Ratio | 0.1265 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cal Maine Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Complementary Tools for Cal Stock analysis
When running Cal Maine's price analysis, check to measure Cal Maine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cal Maine is operating at the current time. Most of Cal Maine's value examination focuses on studying past and present price action to predict the probability of Cal Maine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cal Maine's price. Additionally, you may evaluate how the addition of Cal Maine to your portfolios can decrease your overall portfolio volatility.
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Is Cal Maine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cal Maine. If investors know Cal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cal Maine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Dividend Share 1.879 | Earnings Share 5.64 | Revenue Per Share 48.755 | Quarterly Revenue Growth (0.29) |
The market value of Cal Maine Foods is measured differently than its book value, which is the value of Cal that is recorded on the company's balance sheet. Investors also form their own opinion of Cal Maine's value that differs from its market value or its book value, called intrinsic value, which is Cal Maine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cal Maine's market value can be influenced by many factors that don't directly affect Cal Maine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cal Maine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cal Maine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cal Maine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.