In the past week, CLMT stock has gone down by -13.14%, with a monthly decline of -9.35% and a quarterly plunge of -2.51%. The volatility ratio for the week is 4.92%, and the volatility levels for the last 30 days are 2.97% for Calumet Inc. The simple moving average for the past 20 days is -9.09% for CLMT’s stock, with a -7.93% simple moving average for the past 200 days.
Is It Worth Investing in Calumet Inc. (NASDAQ: CLMT) Right Now?
CLMT has 36-month beta value of 1.92. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for CLMT is 67.89M, and currently, short sellers hold a 1.83% ratio of that float. The average trading volume of CLMT on July 18, 2024 was 133.70K shares.
CLMT) stock’s latest price update
The stock of Calumet Inc. (NASDAQ: CLMT) has decreased by -5.75 when compared to last closing price of 15.64.Despite this, the company has seen a loss of -13.14% in its stock price over the last five trading days. investorplace.com reported 2024-07-17 that It’s official: green energy is in. Governments worldwide are pushing for more environmentally conscious operations, supporting electric vehicles and integrating renewable energy into their power grids.
Analysts’ Opinion of CLMT
Many brokerage firms have already submitted their reports for CLMT stocks, with Goldman repeating the rating for CLMT by listing it as a “Buy.” The predicted price for CLMT in the upcoming period, according to Goldman is $23 based on the research report published on August 18, 2022 of the previous year 2022.
Cowen, on the other hand, stated in their research note that they expect to see CLMT reach a price target of $20, previously predicting the price at $23. The rating they have provided for CLMT stocks is “Outperform” according to the report published on February 28th, 2022.
Credit Suisse gave a rating of “Neutral” to CLMT, setting the target price at $23 in the report published on January 06th of the previous year.
CLMT Trading at -8.21% from the 50-Day Moving Average
After a stumble in the market that brought CLMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.98% of loss for the given period.
Volatility was left at 2.97%, however, over the last 30 days, the volatility rate increased by 4.92%, as shares sank -9.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.57% lower at present.
During the last 5 trading sessions, CLMT fell by -12.61%, which changed the moving average for the period of 200-days by -22.36% in comparison to the 20-day moving average, which settled at $16.14. In addition, Calumet Inc. saw -17.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLMT starting from Morical Gregory J, who sale 11,111 shares at the price of $15.04 back on May 15 ’24. After this action, Morical Gregory J now owns 33,845 shares of Calumet Inc., valued at $167,109 using the latest closing price.
Mawer Stephen P, the Director of Calumet Inc., sale 15,037 shares at $17.87 during a trade that took place back on Jan 18 ’24, which means that Mawer Stephen P is holding 172,610 shares at $268,711 based on the most recent closing price.
Stock Fundamentals for CLMT
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.09 for the gross margin
The net margin for Calumet Inc. stands at -0.0. The total capital return value is set at 0.15.
Based on Calumet Inc. (CLMT), the company’s capital structure generated 1.32 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at -4.15. The interest coverage ratio of the stock is 2.46.
Currently, EBITDA for the company is 504.2 million with net debt to EBITDA at 5.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.69. The receivables turnover for the company is 14.86for trailing twelve months and the total asset turnover is 1.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
To put it simply, Calumet Inc. (CLMT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
