Summit Materials Inc. (NYSE:SUM) went up by 1.33% from its latest closing price compared to the recent 1-year high of $25.22. The company’s stock price has collected 5.74% of gains in the last five trading sessions. MarketWatch.com reported on 09/02/20 that Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock market
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Is It Worth Investing in Summit Materials Inc. (NYSE :SUM) Right Now?
Summit Materials Inc. (NYSE:SUM) scored a price-to-earnings ratio above its average ratio, recording 18.58 x from its present earnings ratio. Plus, the 36-month beta value for SUM is at 1.43. Opinions of the stock are interesting as 12 analysts out of 17 who provided ratings for Summit Materials Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $21.56, which is $4.8 above the current price. SUM currently public float of 113.46M and currently shorts hold a 7.96% ratio of that float. Today, the average trading volume of SUM was 1.23M shares.
SUM’s Market Performance
SUM stocks went up by 5.74% for the week, with a monthly jump of 10.55% and a quarterly performance of 0.96%, while its annual performance rate touched -21.13%. The volatility ratio for the week stands at 3.61% while the volatility levels for the past 30 days are set at 4.51% for Summit Materials Inc.. The simple moving average for the period of the last 20 days is 4.37% for SUM stocks with a simple moving average of -2.82% for the last 200 days.
Analysts’ Opinion of SUM
Many brokerage firms have already submitted their reports for SUM stocks, with JP Morgan repeating the rating for SUM by listing it as a “Overweight.” The predicted price for SUM in the upcoming period, according to JP Morgan is $20 based on the research report published on August 06th of the current year 2020.
SUM Trading at 3.99% from the 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, the company was unable to rebound, for now settling with -33.54% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 3.61%, as shares surge +7.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.36% lower at present.
During the last 5 trading sessions, SUM rose by +5.74%, which changed the moving average for the period of 200-days by -25.74% in comparison to the 20-day moving average, which settled at $16.12. In addition, Summit Materials Inc. saw -29.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SUM starting from Noonan Anne P, who purchase 66,000 shares at the price of $15.24 back on Sep 04. After this action, Noonan Anne P now owns 66,000 shares of Summit Materials Inc., valued at $1,005,840 using the latest closing price.
Benedict Anne Lee, the See Remarks of Summit Materials Inc., sale 6,593 shares at $14.75 during a trade that took place back on May 26, which means that Benedict Anne Lee is holding 11,864 shares at $97,247 based on the most recent closing price.
Stock Fundamentals for SUM
Current profitability levels for the company are sitting at:
- +9.23 for the present operating margin
- +21.54 for the gross margin
The net margin for Summit Materials Inc. stands at +2.66. The total capital return value is set at 6.25, while invested capital returns managed to touch 1.82. Equity return is now at value 7.40, with 2.60 for asset returns.
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Based on Summit Materials Inc. (SUM), the company’s capital structure generated 136.56 points at debt to equity in total, while total debt to capital is 57.73. Total debt to assets is 47.92, with long-term debt to equity ratio resting at 134.29. Finally, the long-term debt to capital ratio is 56.77.
Currently, EBITDA for the company is 154.31M with total debt to EBITDA at 4.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.95, with the company’s debt to enterprise value settled at 0.45. The receivables turnover for the company is 8.90 and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
