During the last session, Calumet Inc (NASDAQ:CLMT)’s traded shares were 0.61 million, with the beta value of the company hitting 1.91. At the end of the trading day, the stock’s price was $21.12, reflecting an intraday loss of -0.98% or -$0.21. The 52-week high for the CLMT share is $25.29, that puts it down -19.74 from that peak though still a striking 52.79% gain since the share price plummeted to a 52-week low of $9.97. The company’s market capitalization is $1.81B, and the average intraday trading volume over the past 10 days was 0.79 million shares, and the average trade volume was 852.09K 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 -0.74.

Calumet Inc (NASDAQ:CLMT) trade information

Calumet Inc (CLMT) registered a -0.98% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.98% in intraday trading to $21.12, hitting a weekly high. The stock’s 5-day price performance is -0.28%, and it has moved by 11.28% in 30 days. Based on these gigs, the overall price performance for the year is 63.59%. The short interest in Calumet Inc (NASDAQ:CLMT) is 5.63 million shares and it means that shorts have 5.76 day(s) to cover.

The consensus price target of analysts on Wall Street is $22.35, which implies an increase of 5.5% 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 -37.31% off the target high and 25.66% 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 up 30.37% during the last six months, with a year-to-date growth rate less than the industry average at -467.80% against -8.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -158.70% this quarter and then jump 32.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.10% 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 972.12M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 986.58M by the end of current fiscal year.

While earnings are projected to return -353.31% in 2024, the next five years will return 10.00% per annum.

CLMT Dividends

Calumet Inc is due to release its next quarterly earnings on 2024-Nov-08. 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 32.18%, with the float percentage being 40.99%. WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. is the largest shareholder of the company, while 76.0 institutions own stock in it. As of 2024-06-30, the company held over 6.89 million shares (or 8.5764% of all shares), a total value of $110.61 million in shares.

The next largest institutional holding, with 5.25 million shares, is of ADAMS ASSET ADVISORS, LLC’s that is approximately 6.5352% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $84.28 million.