In the last trading session, 1.16 million shares of the Calumet Inc. (NASDAQ:CLMT) were traded, and its beta was 1.94. Most recently the company’s share price was $17.96, and it changed around $0.8 or 4.66% from the last close, which brings the market valuation of the company to $1.54B. CLMT currently trades at a discount to its 52-week high of $21.19, offering almost -17.98% off that amount. The share price’s 52-week low was $9.97, which indicates that the current value has risen by an impressive 44.49% since then. We note from Calumet Inc.’s average daily trading volume that its 10-day average is 0.79 million shares, with the 3-month average coming to 534.87K.

Calumet Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 1.67. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended CLMT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Calumet Inc. is expected to report earnings per share of -0.32 for the current quarter.

Calumet Inc. (NASDAQ:CLMT) trade information

Instantly CLMT has showed a green trend with a performance of 4.66% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.18 on recent trading dayincreased the stock’s daily price by 1.21%. The company’s shares are currently up 0.50% year-to-date, but still up 12.18% over the last five days. On the other hand, Calumet Inc. (NASDAQ:CLMT) is 3.88% up in the 30-day period. We can see from the shorts that 2.35 million shares have been sold at a short interest cover period of 3.26 day(s).

The consensus price target as assigned by Wall Street analysts is $22.35, which translates to bulls needing to increase their stock price by 19.64% from its current value. Analyst projections state that CLMT is forecast to be at a low of $15.7 and a high of $29.

Calumet Inc. (CLMT) estimates and forecasts

Calumet Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 26.08 percent over the past six months and at a -432.20% annual growth rate that is well below the industry average of -4.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -125.40% in revenue this quarter, and will report an increase of 54.20% in the next quarter. The year-over-year growth rate is expected to be -5.40%, down from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 981.04M in revenue for the current quarter. 4 analysts expect Calumet Inc. to make 998.23M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 2.20%.

Calumet Inc. earnings are expected to increase by -306.66% in 2024, but the outlook is positive 10.00% per year for the next five years.

CLMT Dividends

Calumet Inc.’s next quarterly earnings report is expected to be released in October. The average dividend yield for the past five years averaged 14.83 per year.

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

Upon looking at major shareholders, it appears that insiders hold 21.50% of Calumet Inc. shares, and 28.16% of them are in the hands of institutional investors. The stock currently has a share float of 35.87%. Calumet Inc. stock is held by 72.0 institutions, with WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 8.5764% of the shares, which is about 6.89 million shares worth $110.61 million.

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