On Monday, Calumet Inc. (NASDAQ: CLMT) opened higher 5.43% from the last session, before settling in for the closing price of $20.06. Price fluctuations for CLMT have ranged from $9.97 to $25.29 over the past 52 weeks.
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A company in the Energy sector has jumped its sales by 8.26% annually for the last half of the decade. Company’s average yearly earnings per share was noted -353.31% at the time writing. With a float of $68.69 million, this company’s outstanding shares have now reached $79.97 million.
In an organization with 1580 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 8.7%, operating margin of 5.19%, and the pretax margin is -0.53%.
Calumet Inc. (CLMT) Insider Updates
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Calumet Inc. is 20.03%, while institutional ownership is 26.68%. The most recent insider transaction that took place on May 15 ’24, was worth 167,109. In this transaction SVP, GENERAL COUNSEL of this company sold 11,111 shares at a rate of $15.04, taking the stock ownership to the 33,845 shares. Before that another transaction happened on Jan 18 ’24, when Company’s Director sold 15,037 for $17.87, making the entire transaction worth $268,711. This insider now owns 172,610 shares in total.
Calumet Inc. (CLMT) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.26 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.08) by 1.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -353.31% per share during the next fiscal year.
Calumet Inc. (NASDAQ: CLMT) Trading Performance Indicators
Check out the current performance indicators for Calumet Inc. (CLMT). In the past quarter, the stock posted a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.43.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.31, a number that is poised to hit -0.60 in the next quarter and is forecasted to reach -0.37 in one year’s time.
Technical Analysis of Calumet Inc. (CLMT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.5 million. That was better than the volume of 0.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.68%. Additionally, its Average True Range was 1.38.
During the past 100 days, Calumet Inc.’s (CLMT) raw stochastic average was set at 72.97%, which indicates a significant increase from 47.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.39% in the past 14 days, which was lower than the 70.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.38, while its 200-day Moving Average is $16.22. However, in the short run, Calumet Inc.’s stock first resistance to watch stands at $21.93. Second resistance stands at $22.70. The third major resistance level sits at $23.56. If the price goes on to break the first support level at $20.30, it is likely to go to the next support level at $19.44. Assuming the price breaks the second support level, the third support level stands at $18.67.
Calumet Inc. (NASDAQ: CLMT) Key Stats
There are currently 80,389K shares outstanding in the company with a market cap of 1.82 billion. Presently, the company’s annual sales total 4,181 M according to its annual income of 48,100 K. Last quarter, the company’s sales amounted to 1,134 M and its income totaled -39,100 K.
