Calumet Inc. [CLMT] stock prices are up 15.69% to $13.64 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CLMT shares have gain 15.20% over the last week, with a monthly amount drifted -19.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Calumet Inc. [NASDAQ: CLMT] stock has seen the most recent analyst activity on August 18, 2022, when Goldman upgraded its rating to a Buy and also boosted its price target to $23 from $14. Previously, Cowen reaffirmed its Outperform rating on February 28, 2022, and dropped its price target to $20. On January 06, 2022, Credit Suisse initiated with a Neutral rating and assigned a price target of $23 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $30 on November 23, 2021. Cowen upgraded its rating to a Outperform and raised its price target to $23 on November 23, 2021. H.C. Wainwright started tracking with a Buy rating for this stock on October 04, 2021, and assigned it a price target of $19. In a note dated March 24, 2021, Wells Fargo upgraded an Overweight rating on this stock but restated the target price of $8.
The stock price of Calumet Inc. [CLMT] has been fluctuating between $9.97 and $19.91 over the past year. Currently, Wall Street analysts expect the stock to reach $22.35 within the next 12 months. Calumet Inc. [NASDAQ: CLMT] shares were valued at $13.64 at the most recent close of the market. An investor can expect a potential return of 63.86% based on the average CLMT price forecast.
Analyzing the CLMT fundamentals
The Calumet Inc. [NASDAQ:CLMT] reported sales of 4.27B for trailing twelve months, representing a surge of 11.39%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is 0.01 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.63 points at the first support level, and at 11.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.32, and for the 2nd resistance point, it is at 15.00.
Ratios To Look Out For
It’s worth pointing out that Calumet Inc. [NASDAQ:CLMT]’s Current Ratio is 0.65. On the other hand, the Quick Ratio is 0.33, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 0.27.
Transactions by insiders
Recent insider trading involved Morical Gregory J, SVP, GENERAL COUNSEL, that happened on May 15 ’24 when 11111.0 shares were sold. Director, Mawer Stephen P completed a deal on Jan 18 ’24 to sell 15037.0 shares. Meanwhile, Chief Accounting Officer Willman Ryan sold 1000.0 shares on Oct 19 ’23.
