The stock of Calumet Inc (CLMT) has seen a -5.02% decrease in the past week, with a 0.80% gain in the past month, and a 48.53% flourish in the past quarter. The volatility ratio for the week is 5.42%, and the volatility levels for the past 30 days are at 6.25% for CLMT. The simple moving average for the past 20 days is -3.57% for CLMT’s stock, with a 22.87% 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 1.90. 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 68.69M, and currently, short sellers hold a 8.19% ratio of that float. The average trading volume of CLMT on November 08, 2024 was 857.25K shares.
CLMT) stock’s latest price update
Calumet Inc (NASDAQ: CLMT) has experienced a rise in its stock price by 3.37 compared to its previous closing price of 19.60. However, the company has seen a fall of -5.02% in its stock price over the last five trading days. prnewswire.com reported 2024-11-06 that INDIANAPOLIS, Nov. 6, 2024 /PRNewswire/ — Calumet, Inc. (NASDAQ: CLMT) (the “Company” or “Calumet”) and its wholly owned subsidiaries, Calumet Specialty Products Partners, L.P. (the “Partnership”) and Calumet Finance Corp. (“Finance Corp.” and, together with the Partnership, the “Issuers”), today announced the early results of the previously announced private exchange offer (the “Exchange Offer”) to each Eligible Holder (as defined below) of their 11.00% Senior Notes due 2025 (the “Old Notes”) to exchange any and all of the Old Notes for newly issued 11.00% Senior Notes due 2026 (the “New Notes”), upon the terms and subject to the conditions set forth in the confidential offering memorandum, dated October 23, 2024 (the “Offering Memorandum”).
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 $27 based on the research report published on October 17, 2024 of the current year 2024.
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 5.67% 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 -19.89% of loss for the given period.
Volatility was left at 6.25%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares surge +0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.40% upper at present.
During the last 5 trading sessions, CLMT fell by -5.02%, which changed the moving average for the period of 200-days by +27.66% in comparison to the 20-day moving average, which settled at $21.01. In addition, Calumet Inc saw 13.37% 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
To put it simply, Calumet Inc (CLMT) has had a better 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.
