Calumet Inc. (NASDAQ: CLMT) has seen a rise in its stock price by 0.65 in relation to its previous close of 20.10. However, the company has experienced a 6.59% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-03 that INDIANAPOLIS, Oct. 3, 2024 /PRNewswire/ — Calumet, Inc. (NASDAQ: CLMT) (the “Company,” “Calumet,” “we,” “our” or “us”) announced today a series of related agreements with Stonebriar Commercial Finance LLC (“Stonebriar”). Our restricted subsidiary Calumet Montana Refining, LLC (“CMR”) entered into a new agreement with Stonebriar in which CMR sold certain of its assets to Stonebriar for $150 million and leased back the same assets (“CMR Funding Agreement”).
Is It Worth Investing in Calumet Inc. (NASDAQ: CLMT) Right Now?
The 36-month beta value for CLMT is also noteworthy at 1.93. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CLMT is 68.69M, and at present, short sellers hold a 7.66% of that float. The average trading volume of CLMT on October 11, 2024 was 780.04K shares.
CLMT’s Market Performance
CLMT’s stock has seen a 6.59% increase for the week, with a 34.60% rise in the past month and a 24.11% gain in the past quarter. The volatility ratio for the week is 5.57%, and the volatility levels for the past 30 days are at 5.45% for Calumet Inc. The simple moving average for the past 20 days is 9.93% for CLMT’s stock, with a 25.70% simple moving average for the past 200 days.
Analysts’ Opinion of CLMT
Many brokerage firms have already submitted their reports for CLMT stocks, with TD Cowen repeating the rating for CLMT by listing it as a “Buy.” The predicted price for CLMT in the upcoming period, according to TD Cowen is $18 based on the research report published on August 12, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see CLMT reach a price target of $23, previously predicting the price at $14. The rating they have provided for CLMT stocks is “Buy” according to the report published on August 18th, 2022.
Cowen gave a rating of “Outperform” to CLMT, setting the target price at $20 in the report published on February 28th of the previous year.
CLMT Trading at 18.39% 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 -4.53% of loss for the given period.
Volatility was left at 5.45%, however, over the last 30 days, the volatility rate increased by 5.57%, as shares surge +22.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.97% upper at present.
During the last 5 trading sessions, CLMT rose by +6.59%, which changed the moving average for the period of 200-days by +17.75% in comparison to the 20-day moving average, which settled at $18.40. In addition, Calumet Inc. saw 13.21% in overturn over a single year, with a tendency to cut further gains.
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:
- 0.05 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 0.18.
Based on Calumet Inc. (CLMT), the company’s capital structure generated 1.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at -3.71. The interest coverage ratio of the stock is 2.29.
Currently, EBITDA for the company is 504.2 million with net debt to EBITDA at 5.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 15.17for trailing twelve months and the total asset turnover is 1.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In summary, Calumet Inc. (CLMT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
