Calumet Inc (NASDAQ: CLMT) is 23.67% 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 $22.52 in the last trading session, with the day’s loss setting it -0.42%.
Currently trading at $22.10, the stock is 2.69% and 6.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing -1.87% at the moment leaves the stock 30.11% off its SMA200. CLMT registered 28.56% gain for a year compared to 6-month gain of 39.78%. The firm has a 50-day simple moving average (SMA 50) of $20.6734 and a 200-day simple moving average (SMA200) of $16.961.
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The stock witnessed a 7.54% loss in the last 1 month and extending the period to 3 months gives it a 24.51%, and is -1.34% 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 5.95% over the week and 6.16% over the month.
Calumet Inc (CLMT) has around 1580 employees, a market worth around $1.90B and $4.22B in sales. Profit margin for the company is -5.38%. Distance from 52-week low is 121.62% and -12.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.99%).
The EPS is expected to shrink by -452.16% this year
100.0 institutions hold shares in Calumet Inc (CLMT), with institutional investors hold 47.47% of the company’s shares. The shares outstanding are 85.90M, and float is at 68.94M with Short Float at 7.47%. Institutions hold 37.37% 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 Sajkowski Daniel J, the company’s Director. SEC filings show that Sajkowski Daniel J sold 3,569 shares of the company’s common stock on Dec 04 ’24 at a price of $21.12 per share for a total of $75377.0. Following the sale, the insider now owns 0.16 million shares.
Calumet Inc disclosed in a document filed with the SEC on Dec 04 ’24 that Sheets Daniel L (Director) sold a total of 3,569 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $21.12 per share for $75377.0. Following the transaction, the insider now directly holds 66824.0 shares of the CLMT stock.
Still, SEC filings show that on Dec 03 ’24, Straumins Jennifer (Director) disposed off 75,000 shares at an average price of $21.65 for $1.62 million. The insider now directly holds 1,213,529 shares of Calumet Inc (CLMT).
