Summit Materials, Inc. (NYSE:SUM) went up by 1.81% from its latest closing price when compared to the 1-year high value of $25.22 and move down -66.36%, while SUM stocks collected -2.00% of loss with the last five trading sessions. MarketWatch.com reported 0 hour ago that Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market
Summit Materials, Inc. (NYSE:SUM) Worth an Investment?
Summit Materials, Inc. (NYSE: SUM) scored price to earnings ratio above its average ratio, recording 16.81 times of increase in earnings at the present.
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SUM Market Performance
SUM stocks went down by -2.00% for the week, with the monthly jump of 0.46% and a quarterly performance of -7.50%, while its annual performance rate touched -27.84%. The simple moving average for the period of the last 20 days is -5.85% for SUM stocks with the simple moving average of -15.92% for the last 200 days.
Analysts’ Opinion on Summit Materials, Inc. (NYSE:SUM)
Many brokerage firms have already submitted their reports for SUM stocks, with JP Morgan repeating the rating for SUM shares by setting it to “Overweight”. The predicted price for SUM socks in the upcoming period according to JP Morgan is $20 based on the research report published on August 6, 2020.
Loop Capital, on the other hand, stated in their research note that they expect to see SUM stock at the price of $20. The rating they have provided for SUM stocks is “Buy” according to the report published on July 23, 2020.
CFRA gave “ Strong Buy” rating to SUM stocks, setting the target price at $20 in the report published on July 22, 2020.
SUM Stocks -7.45% Far from 50 Day Moving Average
After a stumble in the market that brought SUM to its low price for the period of the last 52 weeks, Summit Materials, Inc. was unable to take a rebound, for now settling with -39.89% of loss for the given period.
The stock volatility was left at 4.26%, however, within the period of a single month, the volatility rate increased by 4.13%, while the shares sank at the distance of -1.43% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -8.73% lower at the present time.
In the course of the last 5 trading sessions, SUM went down by -2.00%, which changed the moving average for the period of 200 days to the total of -33.36% of losses for the stock in comparison to the 20-day moving average settled at $16.09. In addition, Summit Materials, Inc. saw -36.57% in overturn over the period of a single year with a tendency to cut further losses.
SUM Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Summit Materials, Inc. (SUM), starting from Benedict Anne Lee, who sold 6,593 shares at the price of $14.75 back on May 26. After this action, Rushing now owns 11,864 shares of Summit Materials, Inc., valued at $97,247 with the latest closing price.
Harris Brian James, the EVP & Chief Financial Officer of Summit Materials, Inc., sold 30,000 shares at the value of $23.75 during a trade that took place back on Nov 19, which means that Harris Brian James is holding 0 shares at the value of $712,500 based on the most recent closing price.
SUM Stock Fundamentals
The current profitability levels are settled at +9.23 for the present operating margin and +21.54 for gross margin. The net margin for Summit Materials, Inc. stands at +2.66. Total capital return value is set at 6.25, while invested capital returns managed to touch 1.82. Equity return holds the value 7.40%, with 2.60% for asset returns.
Based on Summit Materials, Inc. (SUM), the company’s capital structure generated 136.56 points for debt to equity in total, while total debt to capital is set at the value of 57.73. Total debt to assets is settled at the value of 47.92 with long-term debt to equity ratio rests at 1.76 and long-term debt to capital is 134.29.
The value for Enterprise to Sales is 1.95 with debt to enterprise value settled at 0.45. The receivables turnover for Summit Materials, Inc. is 8.90 with the total asset turnover at the value of 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.