Recent extremely meaningful negative changes in investment behavior have impacted Cal Maine Foods Inc (NASDAQ: CALM): negative upside/downside volume developed, and its shorter term price trend turned down.
Cal Maine Foods Inc (NASDAQ: CALM) has recently experienced significant negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CALM is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Cal Maine Foods has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cal Maine Foods has a slightly negative Appreciation Score of 38 but a good Power Rating of 79, leading to the High Neutral Value Trend Rating.
Recent Price Action
Cal Maine Foods Inc (NASDAQ: CALM) stock rose slightly by 0.07% on 5/29/24. The stock closed at $60.57. Moreover, this advance was accompanied by above average trading volume at 122% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.0% during the last week.
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