Calumet Inc. (NASDAQ:CLMT) has a beta value of 1.93 and has seen 0.99 million shares traded in the last trading session. The company, currently valued at $1.88B, closed the last trade at $21.88 per share which meant it gained $0.5 on the day or 2.34% during that session. The CLMT stock price is 0.91% off its 52-week high price of $21.68 and 54.43% above the 52-week low of $9.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.65 million shares traded. The 3-month trading volume is 792.34K shares.
The consensus among analysts is that Calumet Inc. (CLMT) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.48.
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Calumet Inc. (NASDAQ:CLMT) trade information
Sporting 2.34% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CLMT stock price touched $21.88 or saw a rise of 0.5%. Year-to-date, Calumet Inc. shares have moved 22.44%, while the 5-day performance has seen it change 8.00%. Over the past 30 days, the shares of Calumet Inc. (NASDAQ:CLMT) have changed 21.83%. Short interest in the company has seen 5.26 million shares shorted with days to cover at 5.04.
Wall Street analysts have a consensus price target for the stock at $22.35, which means that the shares’ value could jump 2.1% from current levels. The projected low price target is $15.7 while the price target rests at a high of $29.0. In that case, then, we find that the current price level is -32.54% off the targeted high while a plunge would see the stock lose 28.24% from current levels.
Calumet Inc. (CLMT) estimates and forecasts
Figures show that Calumet Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 46.06% over the past 6 months, with this year growth rate of -467.80%, compared to -2.10% for the industry. Revenue growth from the last financial year stood is estimated to be -5.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of 975.19M for the current quarter. 4 have an estimated revenue figure of 990.06M for the next ending quarter.
Earnings growth for 2024 is a modest -345.46% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
CLMT Dividends
Calumet Inc. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Calumet Inc. (NASDAQ:CLMT)’s Major holders
Insiders own 21.50% of the company shares, while shares held by institutions stand at 27.34% with a share float percentage of 34.83%. Investors are also buoyed by the number of investors in a company, with Calumet Inc. having a total of 74.0 institutions that hold shares in the company. The top two institutional holders are WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. with over 6.89 million shares worth more than $110.61 million. As of 2024-06-30, WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. held 8.5764% of shares outstanding.
The other major institutional holder is ADAMS ASSET ADVISORS, LLC, with the holding of over 5.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $84.28 million and represent 6.5352% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity NASDAQ Composite Index Fund and Fidelity NASDAQ Composite Index ETF . As of Aug 31, 2024 , the former fund manager holds about 0.06% shares in the company for having 49.25 shares of worth $1.08 million while later fund manager owns 26.53 shares of worth $0.58 million as of Sep 30, 2024 , which makes it owner of about 0.03% of company’s outstanding stock.
