Calumet Inc. (CLMT) concluded trading on Thursday at a closing price of $20.64, with 2.55 million shares of worth about $52.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.93% during that period and on August 22, 2024 the price saw a gain of about 17.88%. Currently the company’s common shares owned by public are about 79.97M shares, out of which, 68.63M shares are available for trading.
Stock saw a price change of 19.38% in past 5 days and over the past one month there was a price change of 69.04%. Year-to-date (YTD), CLMT shares are showing a performance of 15.50% which increased to 19.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.97 but also hit the highest price of $19.91 during that period. The average intraday trading volume for Calumet Inc. shares is 352.11K. The stock is currently trading 47.14% above its 20-day simple moving average (SMA20), while that difference is up 36.86% for SMA50 and it goes to 31.37% higher than SMA200.
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Calumet Inc. (NASDAQ: CLMT) currently have 79.97M outstanding shares and institutions hold larger chunk of about 27.20% of that.
The stock has a current market capitalization of $1.77B and its 3Y-monthly beta is at 1.91. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CLMT, volatility over the week remained 7.24% while standing at 8.52% over the month.
Stock’s fiscal year EPS is expected to drop by -305.40% while it is estimated to increase by 90.89% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on August 12, 2024 offering a Buy rating for the stock and assigned a target price range of between $20 and $18 to it. Coverage by Goldman stated Calumet Inc. (CLMT) stock as a Buy in their note to investors on August 18, 2022, suggesting a price target of $23 for the stock. On February 28, 2022, Cowen Reiterated their recommendations, while on January 06, 2022, Credit Suisse Initiated their ratings for the stock with a price target of $23. Stock get an Outperform rating from Wolfe Research on November 23, 2021.
