The 36-month beta value for CLMT is at 1.93. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for CLMT is 68.69M, and currently, shorts hold a 7.66% of that float. The average trading volume for CLMT on October 17, 2024 was 805.46K shares.
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CLMT) stock’s latest price update
Calumet Inc. (NASDAQ: CLMT)’s stock price has increased by 6.61 compared to its previous closing price of 21.93. However, the company has seen a 15.57% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-16 that Montana Renewables to expand Sustainable Aviation Fuel capacity by 300 million gallons per year INDIANAPOLIS, Oct. 16, 2024 /PRNewswire/ — Calumet, Inc. (NASDAQ: CLMT) (“Calumet,” “we,” “our” or “us”) announced today that the U.S. Department of Energy (“DOE”) Loan Programs Office (“LPO”) has awarded a conditional commitment for a loan guarantee of up to $1.44 billion to fund the construction and expansion of a renewable fuels facility owned by Montana Renewables, LLC (“Montana Renewables” or “MRL”). Montana Renewables is an unrestricted subsidiary of Calumet.
CLMT’s Market Performance
CLMT’s stock has risen by 15.57% in the past week, with a monthly rise of 28.18% and a quarterly rise of 67.36%. The volatility ratio for the week is 5.18% while the volatility levels for the last 30 days are 5.15% for Calumet Inc. The simple moving average for the last 20 days is 20.64% for CLMT stock, with a simple moving average of 44.36% for the last 200 days.
Analysts’ Opinion of CLMT
TD Cowen, on the other hand, stated in their research note that they expect to see CLMT reach a price target of $18, previously predicting the price at $20. The rating they have provided for CLMT stocks is “Buy” according to the report published on August 12th, 2024.
Goldman gave a rating of “Buy” to CLMT, setting the target price at $23 in the report published on August 18th of the previous year.
CLMT Trading at 29.23% 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 able to rebound, for now settling with 6.35% of gains for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 5.18%, as shares surge +28.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +106.39% upper at present.
During the last 5 trading sessions, CLMT rose by +14.88%, which changed the moving average for the period of 200-days by +32.42% in comparison to the 20-day moving average, which settled at $19.37. In addition, Calumet Inc. saw 30.83% 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 0.8. 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 conclusion, Calumet Inc. (CLMT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
