While Calumet Inc has underperformed by -0.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CLMT fell by -0.13%, with highs and lows ranging from $25.29 to $9.97, whereas the simple moving average fell by -10.38% in the last 200 days.
On November 11, 2024, TD Cowen Reiterated Calumet Inc (NASDAQ: CLMT) to Buy. A report published by TD Cowen on October 17, 2024, Reiterated its previous ‘Buy’ rating for CLMT. TD Cowen also reiterated CLMT shares as ‘Buy’, quoting a target price of $18 on the company’s shares in a report dated August 12, 2024. Goldman August 18, 2022d the rating to Buy on August 18, 2022, and set its price target from $14 to $23. Cowen resumed its ‘Outperform’ rating for CLMT, as published in its report on February 28, 2022. Credit Suisse’s report from January 06, 2022 suggests a price prediction of $23 for CLMT shares, giving the stock a ‘Neutral’ rating. Wolfe Research also rated the stock as ‘Outperform’.
Analysis of Calumet Inc (CLMT)
Further, the quarter-over-quarter decrease in sales is -4.26%, showing a negative trend in the upcoming months.
Calumet Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.30, 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.
The average volume for any stock is also a very valuable indicator of volatility, and CLMT has an average volume of 856.59K. On a monthly basis, the volatility of the stock is set at 7.11%, whereas on a weekly basis, it is put at 9.72%, with a loss of -15.72% over the past seven days. Furthermore, long-term investors anticipate a median target price of $26.10, showing growth from the present price of $15.98, 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 analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 19.64%. 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 36.55% 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 36.55% at present.
