In recent trading session, Calumet Inc (NASDAQ:CLMT) saw 0.58 million shares changing hands at last check today with its beta currently measuring 1.90. Company’s recent per share price level of $19.23 trading at -$1.03 or -5.08% at last check today assigns it a market valuation of $1.65B. That most recent trading price of CLMT’s stock is at a discount of -31.51% from its 52-week high price of $25.29 and is indicating a premium of 48.15% from its 52-week low price of $9.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 865.85K if we extend that period to 3-months.
For Calumet Inc (CLMT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.74 in the current quarter.
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Calumet Inc (NASDAQ:CLMT) trade information
Upright in the red during last session for losing -5.08%, in the last five days CLMT remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $19.23 price level, adding 11.34% to its value on the day. Calumet Inc’s shares saw a change of 7.61% in year-to-date performance and have moved -8.95% in past 5-day. Calumet Inc (NASDAQ:CLMT) showed a performance of -4.94% in past 30-days. Number of shares sold short was 5.63 million shares which calculate 5.76 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 22.35 to the stock, which implies a rise of 13.96% to its recent value today. Analysts have been projecting 15.7 as a low price target for the stock while placing it at a high target of 29. It follows that stock’s current price would jump 18.36% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.36% for stock’s current value.
Calumet Inc (CLMT) estimates and forecasts
Statistics highlight that Calumet Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 20.41% of value to its shares in past 6 months, showing an annual growth rate of -467.80% while that of industry is -2.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.10% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 972.12M for the same. And 4 analysts are in estimates of company making revenue of 986.58M in the next quarter.
In 2024, company’s earnings growth rate is likely to be around -353.31% while estimates for its earnings growth in next 5 years are of 10.00%.
Calumet Inc (NASDAQ:CLMT)’s Major holders
Insiders are in possession of 21.50% of company’s total shares while institution are holding 32.02 percent of that, with stock having share float percentage of 40.79%. Investors also watch the number of corporate investors in a company very closely, which is 32.02% institutions for Calumet Inc that are currently holding shares of the company. WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. is the top institutional holder at CLMT for having 6.89 million shares of worth $110.61 million. And as of 2024-06-30, it was holding 8.5764 of the company’s outstanding shares.
The second largest institutional holder is ADAMS ASSET ADVISORS, LLC, which was holding about 5.25 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5352 of outstanding shares, having a total worth of $84.28 million.
