Calumet Inc (NASDAQ:CLMT) price on Thursday, February 27, fall -3.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $14.98.
A look at the stock’s price movement, the close in the last trading session was $15.45. Turning to its 52-week performance, $25.29 and $9.97 were the 52-week high and 52-week low respectively. Overall, CLMT moved -0.20% over the past month.
Calumet Inc’s market cap currently stands at around $1.29 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 921.76M for the company’s revenue for the quarter, with a low and high estimate of 811M and 989.95M respectively. The average forecast suggests down to a -5.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.16B, representing a -0.46% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CLMT is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend CLMT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CLMT’s current price about -7.72% and -18.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.82, while 7-day volatility ratio is 6.13% and 7.48% in the 30-day chart. Further, Calumet Inc (CLMT) has a beta value of 1.87, and an average true range (ATR) of 1.18. Analysts have given the company’s stock an average 52-week price target of $22.35, forecast between a low of $15.7 and high of $29. Looking at the price targets, the low is -4.81% off current price level while to achieve the yearly target high, price needs to move -93.59%. Nonetheless, investors will most likely welcome a -49.2% jump to $22.35 which is the analysts’ median price.
If we refocus on Calumet Inc (NASDAQ:CLMT), historical trading data shows that trading volumes averaged 1.14 million over the past 3 months. The company’s latest data on shares outstanding shows there are 85.90 million shares.
The 20.29% of Calumet Inc’s shares are in the hands of company insiders while institutional holders own 42.40% of the company’s shares. Current price change has pushed the stock -31.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CLMT stock continues to rise going into the next quarter.
