Calumet Inc. [NASDAQ: CLMT] surged by $3.13 during the normal trading session on while it closed the day at $20.64.
Calumet Inc. stock has also gained 19.38% of its value over the past 7 days. However, CLMT stock has inclined by 33.77% in the 3 months of the year. Over the past six months meanwhile, it has gained 19.93% and gained 15.50% year-on date.
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The market cap for CLMT stock reached $1.77 billion, with 79.97 million shares outstanding and 68.63 million shares in the current float. Compared to the average trading volume of 352.11K shares, CLMT reached a trading volume of 2547371 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Calumet Inc. [CLMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CLMT shares is $20.30 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CLMT stock is a recommendation set at 1.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Calumet Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 12, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $14 to $23. The new note on the price target was released on August 18, 2022, representing the official price target for Calumet Inc. stock. Previously, the target price had yet another drop from $23 to $20, while Cowen kept a Outperform rating on CLMT stock.
The Average True Range (ATR) for Calumet Inc. is set at 1.17, with the Price to Sales ratio for CLMT stock in the period of the last 12 months amounting to 0.42.
CLMT stock trade performance evaluation
Calumet Inc. [CLMT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.38. With this latest performance, CLMT shares gained by 69.04% in over the last four-week period, additionally plugging by 19.93% over the last 6 months – not to mention a rise of 19.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CLMT stock in for the last two-week period is set at 77.22, with the RSI for the last a single of trading hit 84.58, and the three-weeks RSI is set at 71.91 for Calumet Inc. [CLMT]. The present Moving Average for the last 50 days of trading for this stock 15.16, while it was recorded at 17.83 for the last single week of trading, and 15.74 for the last 200 days.
Calumet Inc. [CLMT]: An insightful look at the core fundamentals
Calumet Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 0.65.
Earnings per share (EPS) analysis for Calumet Inc. [CLMT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CLMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Calumet Inc. go to 10.00%.
Calumet Inc. [CLMT]: Institutional Ownership
There are presently around $28.06%, or 35.75%% of CLMT stock, in the hands of institutional investors. The top three institutional holders of CLMT stocks are: WASSERSTEIN DEBT OPPORTUNITIES MANAGEMENT, L.P. with ownership of 6.89 million shares, which is approximately 8.5764%. ADAMS ASSET ADVISORS, LLC, holding 5.25 million shares of the stock with an approximate value of $$84.28 million in CLMT stocks shares; and ADAMS ASSET ADVISORS, LLC, currently with $$69.42 million in CLMT stock with ownership which is approximately 5.3825%.
