Cal-Maine Foods Receives Upgrade in Relative Strength Rating
November 9, 2023
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CAL-MAINE ($NASDAQ:CALM): Cal-Maine Foods, Inc., the largest producer and marketer of shell eggs in the United States, recently received an upgrade in its Relative Strength Rating (RSR). This means that Cal-Maine stock is outperforming most of its peers in terms of price performance. The company also produces other egg products such as dried and frozen eggs, egg whites, egg yolks, and egg substitute products. The recent upgrade of Cal-Maine’s RSR is a positive sign for investors.
The stock is trading at an all-time high and has been a top performer in the industry. With this upgrade, investors have a strong indication that Cal-Maine is likely to continue to outperform its peers. This may be an ideal time to consider investing in the stock.
Market Price
The stock opened at $49.2 and closed at $48.2, a 2.4% decrease from the previous day’s closing price of $49.3. The Relative Strength Rating is a score based on the trading history of a stock in comparison to the performance of the overall market. An upgrade in this rating signifies that the stock has gained relative strength over a period of time and is performing better than other stocks in its sector or industry. This news is likely to be welcomed by investors as it could indicate potential upside in the stock’s future performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cal-maine Foods. More…
| Total Revenues | Net Income | Net Margin |
| 2.95k | 633.66 | 21.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cal-maine Foods. More…
| Operations | Investing | Financing |
| 713.88 | -235.11 | -254.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cal-maine Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.9k | 289.04 | 32.94 |
Key Ratios Snapshot
Some of the financial key ratios for Cal-maine Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 28.1% | 176.0% | 28.1% |
| FCF Margin | ROE | ROA |
| 19.6% | 32.1% | 27.2% |
Analysis
Investors interested in such companies, are likely to be those seeking long term growth, as CAL-MAINE FOODS has a strong asset base, and high growth potential, though it has a medium score for profitability and weak score for dividends. In terms of health, CAL-MAINE FOODS has a high score of 9/10 indicating that it is capable to safely ride out any crisis without the risk of bankruptcy, thanks to its strong cashflows and debt management. More…
Peers
The competition among Cal-Maine Foods Inc and its competitors is fierce. Hawaiian Macadamia Nut Orchards LP, Ovostar Union PCL, and Almado Inc are all trying to get a piece of the market share in the macadamia nut industry. While Cal-Maine Foods Inc has the largest market share, its competitors are not far behind and are constantly innovating to try to catch up.
– Hawaiian Macadamia Nut Orchards LP ($LTS:0Q6C)
Ovostar Union PCL is a leading egg and egg products producer in Ukraine with a market share of approximately 25% of the total Ukrainian egg market. The company was founded in 2004 and is headquartered in Kiev, Ukraine. Ovostar Union PCL is listed on the London Stock Exchange.
The company’s market capitalization is $53.62 million as of 2022. The company has a return on equity of -12.79%.
Ovostar Union PCL is a leading egg and egg products producer in Ukraine. The company produces and sells a variety of egg and egg products, including fresh eggs, pasteurized egg products, dry egg products, and egg powder.
– Ovostar Union PCL ($TSE:4932)
Almado Inc is a publicly traded company with a market capitalization of $13.54 billion as of 2022. The company has a return on equity of 13.91%. Almado Inc is a diversified holding company with interests in a number of industries, including healthcare, technology, and consumer goods. The company’s healthcare segment includes a number of subsidiaries that provide services ranging from home healthcare to hospice care. The technology segment includes a number of companies that develop and market software products. The consumer goods segment includes a number of companies that manufacture and sell a variety of products, including food, beverages, and personal care products.
Summary
Investing analysis on Cal-Maine Foods revealed an upgrade in their relative strength rating. This indicates that the company’s stock performance is expected to be stronger than other stocks in the same industry. Analysts believe that Cal-Maine Foods is well-positioned to benefit from the current economic conditions and is likely to outperform its competitors. Investors should keep an eye on Cal-Maine Foods and consider adding it to their portfolios as a long term investment.
Additionally, analysts also suggest that Cal-Maine Foods could offer a good return on investment as it is expected to provide steady, long-term growth.
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