During the recent session, Calumet Inc. (NASDAQ:CLMT)’s traded shares were 0.51 million, with the beta value of the company hitting 1.93. At the last check today, the stock’s price was $13.78, reflecting an intraday gain of 16.92% or $1.99. The 52-week high for the CLMT share is $19.91, that puts it down -44.48 from that peak though still a striking 27.65% gain since the share price plummeted to a 52-week low of $9.97. The company’s market capitalization is $1.18B, and the average intraday trading volume over the past 10 days was 0.51 million shares, and the average trade volume was 261.04K shares over the past three months.
Calumet Inc. (CLMT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. CLMT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.55.
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Calumet Inc. (NASDAQ:CLMT) trade information
Calumet Inc. (CLMT) registered a 16.92% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 16.92% in intraday trading to $13.78, hitting a weekly high. The stock’s 5-day price performance is 16.43%, and it has moved by -18.77% in 30 days. Based on these gigs, the overall price performance for the year is -12.70%. The short interest in Calumet Inc. (NASDAQ:CLMT) is 1.25 million shares and it means that shorts have 7.32 day(s) to cover.
The consensus price target of analysts on Wall Street is $22.35, which implies an increase of 38.34% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.7 and $29 respectively. As a result, CLMT is trading at a discount of -110.45% off the target high and -13.93% off the low.
Calumet Inc. (CLMT) estimates and forecasts
Statistics show that Calumet Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Calumet Inc. (CLMT) shares have gone down -14.91% during the last six months, with a year-to-date growth rate less than the industry average at -396.61% against 0.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -139.10% this quarter and then drop -111.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 981.51M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 998.91M by the end of current fiscal year.
While earnings are projected to return -280.71% in 2024, the next five years will return 10.00% per annum.
CLMT Dividends
Calumet Inc. is due to release its next quarterly earnings 2024-Aug-09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 14.83%.
Calumet Inc. (NASDAQ:CLMT)’s Major holders
Calumet Inc. insiders own 21.50% of total outstanding shares while institutional holders control 27.67%, with the float percentage being 35.24%. WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. is the largest shareholder of the company, while 78.0 institutions own stock in it. As of 2024-03-31, the company held over 6.7 million shares (or 8.3361% of all shares), a total value of $99.54 million in shares.
The next largest institutional holding, with 5.45 million shares, is of ADAMS ASSET ADVISORS, LLC’s that is approximately 6.7834% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $81.0 million.
Also, the Mutual Funds coming in first place with the largest holdings of Calumet Inc. (CLMT) shares are Frank Fds-Frank Value Fd and Driehaus Event Driven Fund. Data provided on Mar 31, 2024 indicates that Frank Fds-Frank Value Fd owns about 68.83 shares. This amounts to just over 0.09 percent of the company’s overall shares, with a $0.96 million market value. The same data shows that the other fund manager holds slightly less at 56.69, or about 0.07% of the stock, which is worth about $0.79 million.
