While Calumet Inc has underperformed by -4.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLMT rose by 44.54%, with highs and lows ranging from $25.29 to $9.97, whereas the simple moving average jumped by 19.02% in the last 200 days.
On October 17, 2024, TD Cowen Reiterated Calumet Inc (NASDAQ: CLMT) to Buy. A report published by TD Cowen on August 12, 2024, Reiterated its previous ‘Buy’ rating for CLMT. Goldman also Upgraded CLMT shares as ‘Buy’, setting a target price of $23 on the company’s shares in a report dated August 18, 2022. Cowen Reiterated the rating as Outperform on February 28, 2022, but set its price target from $23 to $20. Credit Suisse initiated its ‘Neutral’ rating for CLMT, as published in its report on January 06, 2022. Wolfe Research’s report from November 23, 2021 suggests a price prediction of $30 for CLMT shares, giving the stock a ‘Outperform’ rating. Cowen also rated the stock as ‘Outperform’.
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Analysis of Calumet Inc (CLMT)
Further, the quarter-over-quarter increase in sales is 11.39%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Calumet Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.33, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 847.33K can be a very valuable indicator of volatility for CLMT stock. On a monthly basis, the volatility of the stock is set at 6.26%, whereas on a weekly basis, it is put at 5.70%, with a loss of -7.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.80, showing growth from the present price of $19.60, which can serve as yet another indication of whether CLMT is worth investing in or should be passed over.
How Do You Analyze Calumet Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 20.03%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CLMT shares are owned by institutional investors to the tune of 26.69% at present.
