Calumet Inc (NASDAQ:CLMT) shares, rose in value on Wednesday, February 12, with the stock price up by 9.63% to the previous day’s close as strong demand from buyers drove the stock to $17.41.
Actively observing the price movement in the last trading, the stock closed the session at $15.88, falling within a range of $17.21 and $19.14. The value of beta (5-year monthly) was 1.906. Referring to stock’s 52-week performance, its high was $25.29, and the low was $9.97. On the whole, CLMT has fluctuated by -20.86% over the past month.
With the market capitalization of Calumet Inc currently standing at about $1.50 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.16B, with a low estimate of 811M and a high estimate of 989.95M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 921.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CLMT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CLMT currently trading nearly 3.36% and -11.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.84, while the 7-day volatility ratio is showing 5.76% which for the 30-day chart, stands at 8.74%. Furthermore, Calumet Inc (CLMT)’s beta value is 1.86, and its average true range (ATR) is 1.43.
A comparison of Calumet Inc (CLMT) with its peers suggests the former has fared considerably weaker in the market. CLMT showed an intraday change of 9.63% in last session, and over the past year, it grew by 6.88%%.
Data on historical trading for Calumet Inc (NASDAQ:CLMT) indicates that the trading volumes over the past 10 days have averaged 1.36 and over the past 3 months, they’ve averaged 1.00 million. According to company’s latest data on outstanding shares, there are 85.90 million shares outstanding.
Nearly 19.82% of Calumet Inc’s shares belong to company insiders and institutional investors own 36.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.52 million shares as on 2025-01-31, resulting in a short ratio of 5.27. According to the data, the short interest in Calumet Inc (CLMT) stood at 1050.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 6.03 million. The stock has fallen by -20.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CLMT stock heading into the next quarter.
