Calumet Inc. (NASDAQ: CLMT) is 12.26% higher on its value in year-to-date trading and has touched a low of $9.97 and a high of $25.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CLMT stock was last observed hovering at around $21.87 in the last trading session, with the day’s loss setting it -1.81%.
Currently trading at $20.06, the stock is 3.36% and 10.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -8.28% at the moment leaves the stock 23.82% off its SMA200. CLMT registered 17.52% gain for a year compared to 6-month gain of 33.91%. The firm has a 50-day simple moving average (SMA 50) of $18.2264 and a 200-day simple moving average (SMA200) of $16.20065.
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The stock witnessed a 11.26% loss in the last 1 month and extending the period to 3 months gives it a 41.27%, and is -2.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.60% over the week and 5.98% over the month.
Calumet Inc. (CLMT) has around 1580 employees, a market worth around $1.72B and $4.27B in sales. Profit margin for the company is -0.59%. Distance from 52-week low is 101.16% and -20.68% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.31%).
with sales reaching $974.72M over the same period.The EPS is expected to shrink by -351.79% this year, but quarterly earnings will post -5.60% year-over-year.
Calumet Inc. (CLMT) Top Institutional Holders
74.0 institutions hold shares in Calumet Inc. (CLMT), with institutional investors hold 35.18% of the company’s shares. The shares outstanding are 79.97M, and float is at 68.69M with Short Float at 7.66%. Institutions hold 27.62% of the Float.
The top institutional shareholder in the company is WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. with over 6.89 million shares valued at $110.61 million. The investor’s holdings represent 8.5764% of the CLMT Shares outstanding. As of 2024-06-30, the second largest holder is ADAMS ASSET ADVISORS, LLC with 5.25 million shares valued at $84.28 million to account for 6.5352 of the shares outstanding. The other top investors are KNOTT DAVID M JR which holds 4.33 million shares representing 5.3825% and valued at over $69.42 million, while GOLDMAN SACHS GROUP INC holds 0.8089 of the shares totaling 0.65 million with a market value of $10.43 million.
Calumet Inc. (CLMT) Insider Activity
The most recent transaction is an insider sale by Morical Gregory J, the company’s SVP, GENERAL COUNSEL. SEC filings show that Morical Gregory J sold 11,111 shares of the company’s common stock on May 15 ’24 at a price of $15.04 per share for a total of $0.17 million. Following the sale, the insider now owns 33845.0 shares.
Calumet Inc. disclosed in a document filed with the SEC on Jan 18 ’24 that Mawer Stephen P (Director) sold a total of 15,037 shares of the company’s common stock. The trade occurred on Jan 18 ’24 and was made at $17.87 per share for $0.27 million. Following the transaction, the insider now directly holds 0.17 million shares of the CLMT stock.
