On Tuesday, Calumet Inc. (NASDAQ: CLMT) was -5.98% drop from the session before settling in for the closing price of $21.41. A 52-week range for CLMT has been $9.97 – $25.29.
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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. When this article was written, the company’s average yearly earnings per share was at -353.31%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Calumet Inc. stocks. The insider ownership of Calumet Inc. is 20.03%, while institutional ownership is 26.71%. 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
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
You can see what Calumet Inc. (CLMT) is doing with its current performance indicators. In the most recent 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 0.41.
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 0.57 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 21.16%. Additionally, its Average True Range was 1.22.
During the past 100 days, Calumet Inc.’s (CLMT) raw stochastic average was set at 66.31%, which indicates a significant increase from 7.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.41% in the past 14 days, which was lower than the 70.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.95, while its 200-day Moving Average is $16.33. However, in the short run, Calumet Inc.’s stock first resistance to watch stands at $21.08. Second resistance stands at $22.03. The third major resistance level sits at $22.54. If the price goes on to break the first support level at $19.62, it is likely to go to the next support level at $19.11. Assuming the price breaks the second support level, the third support level stands at $18.16.
Calumet Inc. (NASDAQ: CLMT) Key Stats
There are 85,894K outstanding shares of the company, which has a market capitalization of 1.73 billion. As of now, sales total 4,181 M while income totals 48,100 K. Its latest quarter income was 1,134 M while its last quarter net income were -39,100 K.
