The 36-month beta value for INN is also noteworthy at 1.96. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
The public float for INN is 104.43M, and at present, short sellers hold a 6.46% of that float. The average trading volume of INN on April 05, 2024 was 778.78K shares.
INN) stock’s latest price update
Summit Hotel Properties Inc (NYSE: INN)’s stock price has plunge by -1.88relation to previous closing price of 6.38. Nevertheless, the company has seen a -3.25% plunge in its stock price over the last five trading sessions. PRNewsWire reported 2024-03-26 that AUSTIN, Texas, March 26, 2024 /PRNewswire/ — Summit Hotel Properties, Inc. (NYSE: INN) (the “Company”) today announced that it will report financial results for the first quarter of 2024 on Wednesday, May 1, 2024, after the market closes. The Company will conduct its quarterly conference call on Thursday, May 2, 2024, at 9:00 AM ET.
INN’s Market Performance
INN’s stock has fallen by -3.25% in the past week, with a monthly drop of -1.26% and a quarterly drop of -6.71%. The volatility ratio for the week is 2.07% while the volatility levels for the last 30 days are 2.25% for Summit Hotel Properties Inc The simple moving average for the last 20 days is -1.79% for INN stock, with a simple moving average of 0.65% for the last 200 days.
Analysts’ Opinion of INN
Robert W. Baird, on the other hand, stated in their research note that they expect to see INN reach a price target of $8. The rating they have provided for INN stocks is “Neutral” according to the report published on January 12th, 2023.
CapitalOne gave a rating of “Equal Weight” to INN, setting the target price at $10 in the report published on September 15th of the previous year.
INN Trading at -3.43% from the 50-Day Moving Average
After a stumble in the market that brought INN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.77% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares sank -2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.15% lower at present.
During the last 5 trading sessions, INN fell by -3.25%, which changed the moving average for the period of 200-days by -3.54% in comparison to the 20-day moving average, which settled at $6.37. In addition, Summit Hotel Properties Inc saw -6.85% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for INN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.32 for the gross margin
The net margin for Summit Hotel Properties Inc stands at -0.01. The total capital return value is set at 0.03. Equity return is now at value -1.08, with -0.34 for asset returns.
Based on Summit Hotel Properties Inc (INN), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.57. The interest coverage ratio of the stock is 0.83.
Currently, EBITDA for the company is 226.71 million with net debt to EBITDA at 6.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.83. The receivables turnover for the company is 34.48for trailing twelve months and the total asset turnover is 0.25.
Conclusion
In summary, Summit Hotel Properties Inc (INN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
