In the last trading session, 1.07 million Calumet Inc. (NASDAQ:CLMT) shares changed hands as the company’s beta touched 1.92. With the company’s per share price at $16.01 changed hands at -$1.74 or -9.80% during last session, the market valuation stood at $1.38B. CLMT’s last price was a discount, traded about -32.35% off its 52-week high of $21.19. The share price had its 52-week low at $9.97, which suggests the last value was 37.73% up since then. When we look at Calumet Inc.’s average trading volume, we note the 10-day average is 0.61 million shares, with the 3-month average coming to 471.74K.

Analysts gave the Calumet Inc. (CLMT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended CLMT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Calumet Inc.’s EPS for the current quarter is expected to be -0.32.

Calumet Inc. (NASDAQ:CLMT) trade information

Instantly CLMT was in red as seen at the end of in last trading. With action -11.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -10.41%, with the 5-day performance at -11.35% in the red. However, in the 30-day time frame, Calumet Inc. (NASDAQ:CLMT) is 35.79% up. Looking at the short shares, we see there were 2.14 million shares sold at short interest cover period of 3.16 days.

The consensus price target for the stock as assigned by Wall Street analysts is 22.35, meaning bulls need an upside of 28.37% from its current market value. According to analyst projections, CLMT’s forecast low is 15.7 with 29 as the target high. To hit the forecast high, the stock’s price needs a -81.14% plunge from its current level, while the stock would need to tank 1.94% for it to hit the projected low.

Calumet Inc. (CLMT) estimates and forecasts

Data shows that the Calumet Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.40% over the past 6 months, a -432.20% in annual growth rate that is considerably lower than the industry average of -4.60%. Year-over-year growth is forecast to reach -5.40% down from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 981.04M. 4 analysts are of the opinion that Calumet Inc.’s revenue for the current quarter will be 998.23M. The estimates for the next quarter sales put growth at 2.20%.

The 2024 estimates are for Calumet Inc. earnings to decrease by -305.40%, but the outlook for the next 5-year period is at 10.00% per year.

CLMT Dividends

Calumet Inc. is expected to release its next quarterly earnings report in October. During the past 5 years, the average dividend yield was 14.83 per year.

Calumet Inc. (NASDAQ:CLMT)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 21.50% of Calumet Inc. shares while 28.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 35.87%. There are 28.16% institutions holding the Calumet Inc. stock share, with WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 8.5764% of the shares, roughly 6.89 million CLMT shares worth $110.61 million.

ADAMS ASSET ADVISORS, LLC holds the second largest percentage of outstanding shares, with 6.5352% or 5.25 million shares worth $84.28 million as of 2024-06-30.