In last trading session, Calumet Inc (NASDAQ:CLMT) saw 2.64 million shares changing hands with its beta currently measuring 1.86. Company’s recent per share price level of $16.83 trading at $1.82 or 12.13% at ring of the bell on the day assigns it a market valuation of $1.45B. That closing price of CLMT’s stock is at a discount of -50.27% from its 52-week high price of $25.29 and is indicating a premium of 40.76% 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 1.68 million shares which gives us an average trading volume of 915.98K 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 -0.36 in the current quarter.
Calumet Inc (NASDAQ:CLMT) trade information
Upright in the green during last session for gaining 12.13%, in the last five days CLMT remained trading in the green while hitting it’s week-highest on Wednesday, 01/29/25 when the stock touched $16.83 price level, adding 2.6% to its value on the day. Calumet Inc’s shares saw a change of -23.57% in year-to-date performance and have moved 5.32% in past 5-day. Calumet Inc (NASDAQ:CLMT) showed a performance of -18.30% in past 30-days. Number of shares sold short was 6.61 million shares which calculate 6.28 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 24.7% to its current value. 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 6.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.71% 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 32.94% of value to its shares in past 6 months, showing an annual growth rate of -657.63% while that of industry is -5.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -0.46% 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 921.76M for the same. And 4 analysts are in estimates of company making revenue of 1.04B in the next quarter. Company posted 976.5M and 1.01B of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -467.10% while estimates for its earnings growth in next 5 years are of 0.31%.
Calumet Inc (NASDAQ:CLMT)’s Major holders
Insiders are in possession of 21.18% of company’s total shares while institution are holding 37.42 percent of that, with stock having share float percentage of 47.47%. Investors also watch the number of corporate investors in a company very closely, which is 37.42% 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 8.5547 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 6.5187 of outstanding shares, having a total worth of $84.28 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.74 shares of worth $46.17 million or 3.19% of the total outstanding shares. The later fund manager was in possession of 1.02 shares on Sep 30, 2024 , making its stake of worth around $17.23 million in the company or a holder of 1.19% of company’s stock.
