Currently, there are 65.69M common shares owned by the public and among those 57.90M shares have been available to trade.
The company’s stock has a 5-day price change of 2.88% and 22.68% over the past three months. CALX shares are trading 34.04% year to date (YTD), with the 12-month market performance up to 48.76% higher. It has a 12-month low price of $28.60 and touched a high of $47.34 over the same period. CALX has an average intraday trading volume of 898.87K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.84%, 21.67%, and 26.54% respectively.
Institutional ownership of Calix Inc (NYSE: CALX) shares accounts for 88.23% of the company’s 65.69M shares outstanding.
It has a market capitalization of $3.03B and a beta (3y monthly) value of 1.36. The earnings-per-share (ttm) stands at -$0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.83% over the week and 0.77% over the month.
Earnings per share for the fiscal year are expected to increase by 71.57%, and 58.86% over the next financial year.
Looking at the support for the CALX, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on April 25, 2024, with the firm’s price target at $48-$30. JP Morgan coverage for the Calix Inc (CALX) stock in a research note released on May 19, 2023 offered a Neutral rating with a price target of $49. Needham was of a view on December 22, 2022 that the stock is Buy, while Rosenblatt gave the stock Buy rating on April 12, 2022, issuing a price target of $60. Northland Capital on their part issued Outperform rating on April 07, 2022.
