CLMT · NASDAQ · STOCK
Calumet Inc.
$46.04
52W $12.94 – $47.40
45/100
$4.01B
-29.7
0.71
Is CLMT Bullish or Bearish?
Mixed.
Innellis AI committee rates Calumet Inc. (CLMT) Watch with a composite score of 45/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +14.87 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -5.13 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — revenue declining -0.1% yoy -- this is not a growth story right now. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price structure making higher highs and higher lows — Technical
- Trend and market structure agree -- coherent bullish picture — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- Price-to-book of 13.1x prices in significant intangible value — Value
- ROE of only -211.1% -- cheap may mean cheap for a reason — Value
- Debt-to-equity of 56.08 adds balance-sheet risk to the value case — Value
- Revenue declining -0.1% YoY -- this is not a growth story right now — Growth
- MACD histogram negative -- bearish momentum — Technical
- High leverage (debt-to-equity 56.08) amplifies downside in a stress scenario — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
45/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 98%
of 95 Basic Materials peers
Value Analyst
bearish
32
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 13.1x prices in significant intangible value
Growth Analyst
bearish
15
/ 100 · Low confidence
Growth story is weak, decelerating, or inconsistent
− Revenue declining -0.1% YoY -- this is not a growth story right now
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− MACD histogram negative -- bearish momentum
Risk Analyst
bearish
32
/ 100 · Moderate confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 56.08) amplifies downside in a stress scenario
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
53
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
66.2
Neutral
MACD Histogram
-0.012
Bearish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Bollinger %B
1.00
Inside Bands
Price vs Moving Averages
EMA 9
$43.01
Above
EMA 21
$41.81
Above
EMA 50
$39.14
Above
EMA 200
$30.71
Above
Fundamental Analysis
Valuation
100
Profitability
6
Financial Health
52
Cash Flow
70
Valuation
P/E Ratio
-29.7×
P/B Ratio
-3.55×
PEG Ratio
0.03
Dividend Yield
0.00%
52W High
$47.40
52W Low
$12.94
Quality & Growth
ROE
461.3%
ROA
-125.7%
Gross Margin
656.7%
Operating Margin
105.4%
Revenue Growth YoY
—
Debt / Equity
-0.03
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of -29.7 (inexpensive relative to a 15-40x range); Price-to-book of -3.5x; PEG ratio of 0.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 4.6%; Return on assets of -1.3%; Net margin of -3.0%; Gross margin of 6.6%; Current ratio of 0.84 (tight short-term liquidity); Debt-to-equity of -0.03; Free cash flow per share is positive (1.72); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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