A share price of Calumet Inc [CLMT] is currently trading at $21.33, up 0.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The CLMT shares have gain 0.68% over the last week, with a monthly amount glided 20.78%, and 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 October 17, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $27 from $22. Previously, TD Cowen reaffirmed its Buy rating on August 12, 2024, and dropped its price target to $18. On August 18, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $23 on the stock. Cowen reiterated its Outperform rating and decreased its price target to $20 on February 28, 2022. Credit Suisse initiated its recommendation with a Neutral and recommended $23 as its price target on January 06, 2022. Wolfe Research upgraded its rating to Outperform for this stock on November 23, 2021, but kept the price target unchanged to $30. In a note dated November 23, 2021, Cowen upgraded an Outperform rating on this stock and boosted its target price from $12 to $23.
Calumet Inc experienced fluctuations in its stock price throughout the past year between $9.97 and $25.29. Currently, Wall Street analysts expect the stock to reach $22.35 within the next 12 months. Calumet Inc [NASDAQ: CLMT] shares were valued at $21.33 at the most recent close of the market. An investor can expect a potential return of 4.78% based on the average CLMT price forecast.
Analyzing the CLMT fundamentals
Trailing Twelve Months sales for Calumet Inc [NASDAQ:CLMT] were 4.27B which represents 11.39% growth. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.05 and Total Capital is 0.18. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.71.
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 20.64 points at the first support level, and at 19.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.78, and for the 2nd resistance point, it is at 22.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Calumet Inc [NASDAQ:CLMT] is 0.65. On the other hand, the Quick Ratio is 0.33, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.43.
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.
