Summit Materials Inc. (NYSE:SUM) went up by 4.22% from its latest closing price compared to the recent 1-year high of $41.46. The company’s stock price has collected -3.12% of loss in the last five trading sessions.
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 12.14 x from its present earnings ratio. Plus, the 36-month beta value for SUM is at 1.33. Opinions of the stock are interesting as 11 analysts out of 16 who provided ratings for Summit Materials Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $37.88, which is $10.47 above the current price. SUM currently public float of 117.82M and currently shorts hold a 4.35% ratio of that float. Today, the average trading volume of SUM was 654.44K shares.
SUM’s Market Performance
SUM stocks went down by -3.12% for the week, with a monthly drop of -10.74% and a quarterly performance of 16.72%, while its annual performance rate touched -9.08%. The volatility ratio for the week stands at 3.50% while the volatility levels for the past 30 days are set at 2.99% for Summit Materials Inc. The simple moving average for the period of the last 20 days is -3.29% for SUM stocks with a simple moving average of -8.84% for the last 200 days.
Analysts’ Opinion of SUM
Many brokerage firms have already submitted their reports for SUM stocks, with RBC Capital Mkts repeating the rating for SUM by listing it as a “Outperform.” The predicted price for SUM in the upcoming period, according to RBC Capital Mkts is $31 based on the research report published on June 22nd of the current year 2022.
Wolfe Research, on the other hand, stated in their research note that they expect to see SUM reach a price target of $45. The rating they have provided for SUM stocks is “Outperform” according to the report published on October 28th, 2021.
RBC Capital Mkts gave a rating of “Sector Perform” to SUM, setting the target price at $37 in the report published on October 18th of the previous year.
SUM Trading at -0.34% 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 -32.63% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares sank -9.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.85% upper at present.
During the last 5 trading sessions, SUM fell by -3.12%, which changed the moving average for the period of 200-days by -23.35% in comparison to the 20-day moving average, which settled at $28.74. In addition, Summit Materials Inc. saw -30.42% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SUM starting from Wade Anne K., who sale 4,098 shares at the price of $41.11 back on Nov 15. After this action, Wade Anne K. now owns 18,640 shares of Summit Materials Inc., valued at $168,469 using the latest closing price.
MURPHY JOHN RAYMOND, the Director of Summit Materials Inc., sale 5,137 shares at $37.99 during a trade that took place back on Nov 08, which means that MURPHY JOHN RAYMOND is holding 8,842 shares at $195,155 based on the most recent closing price.
Stock Fundamentals for SUM
Current profitability levels for the company are sitting at:
- +10.26 for the present operating margin
- +18.42 for the gross margin
The net margin for Summit Materials Inc. stands at +6.32. Equity return is now at value 15.10, with 6.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.81.