CALM Stock Summary and Trading Ideas (Cal-Maine Foods | NASDAQ:CALM)

Cal-Maine Foods Inc produces and sells shell eggs. Its main market is the United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and food service distributors. The company's brands are Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. The Company has one reportable operating segment, which is the production, grading, packaging, marketing and distribution of shell eggs.

Cal-Maine Foods trades on the NASDAQ stock market under the symbol CALM.

As of May 3, 2024, CALM stock price declined to $56.80 with 497,363 million shares trading.

CALM has a beta of 0.36, meaning it tends to be less sensitive to market movements. CALM has a correlation of 0.02 to the broad based SPY ETF.

CALM has a market cap of $2.79 billion. This is considered a Mid Cap stock.

Last quarter Cal-Maine Foods reported $703 million in Revenue and $3.00 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.54.

In the last 3 years, CALM stock traded as high as $65.32 and as low as $33.85.

The top ETF exchange traded funds that CALM belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

CALM has underperformed the market in the last year with a price return of +23.5% while the SPY ETF gained +27.0%. CALM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.5% and -3.8%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

CALM support price is $56.36 and resistance is $58.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CALM stock will trade within this expected range on the day.