Calumet Inc (NASDAQ:CLMT) shares, rose in value, with the stock price up by 3.46% to the previous day’s close as strong demand from buyers drove the stock to $12.65.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.23, falling within a range of $11.914 and $12.69. The value of beta (5-year monthly) is 1.886. 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 -18.10% over the past month.
With the market capitalization of Calumet Inc currently standing at about $1.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-27.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.78B, with a low estimate of 729.17M and a high estimate of 1.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 918.5M.
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 100% Sell 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 1.40% and -14.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.31, while the 7-day volatility ratio is showing 5.15% which for the 30-day chart, stands at 6.73%. Furthermore, Calumet Inc (CLMT)’s beta value is 1.44, and its average true range (ATR) is 0.89.
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 3.46% in today’s session so far, and over the past year, it shrunk by -11.02%%.
Data on historical trading for Calumet Inc (NASDAQ:CLMT) indicates that the trading volumes over the past 10 days have averaged 1.17 and over the past 3 months, they’ve averaged 1.36 million. According to company’s latest data on outstanding shares, there are 85.95 million shares outstanding.
Nearly 20.58% of Calumet Inc’s shares belong to company insiders and institutional investors own 42.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.77 million shares as on 2025-03-14, resulting in a short ratio of 7.49. According to the data, the short interest in Calumet Inc (CLMT) stood at 1360.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.57 million. The stock has fallen by -42.54% 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.
