In the past week, SUM stock has gone up by 0.77%, with a monthly decline of -7.50% and a quarterly surge of 8.43%. The volatility ratio for the week is 3.03%, and the volatility levels for the last 30 days are 2.78% for Summit Materials Inc The simple moving average for the last 20 days is -2.95% for SUM stock, with a simple moving average of 5.98% for the last 200 days.
Is It Worth Investing in Summit Materials Inc (NYSE: SUM) Right Now?
The price-to-earnings ratio for Summit Materials Inc (NYSE: SUM) is above average at 16.44x, Company’s 36-month beta value is 1.34.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 7 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SUM is 119.39M, and currently, short sellers hold a 3.84% ratio of that floaft. The average trading volume of SUM on May 02, 2024 was 1.02M shares.
SUM) stock’s latest price update
Summit Materials Inc (NYSE: SUM) has seen a rise in its stock price by 0.85 in relation to its previous close of 38.90. However, the company has experienced a 0.77% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Summit Materials (SUM) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.26 per share a year ago.
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 $47 based on the research report published on February 23, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see SUM reach a price target of $38, previously predicting the price at $43. The rating they have provided for SUM stocks is “Sector Perform” according to the report published on January 12th, 2024.
Seaport Research Partners gave a rating of “Buy” to SUM, setting the target price at $47 in the report published on October 24th of the previous year.
SUM Trading at -5.97% 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 -12.62% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 3.03%, as shares sank -8.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.88% lower at present.
During the last 5 trading sessions, SUM rose by +0.77%, which changed the moving average for the period of 200-days by +5.60% in comparison to the 20-day moving average, which settled at $40.25. In addition, Summit Materials Inc saw 2.00% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SUM
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.27 for the gross margin
The net margin for Summit Materials Inc stands at 0.11. The total capital return value is set at 0.07. Equity return is now at value 13.28, with 6.08 for asset returns.
Based on Summit Materials Inc (SUM), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.0. The interest coverage ratio of the stock is 2.81.
Currently, EBITDA for the company is 546.7 million with net debt to EBITDA at 1.68. When we switch over and look at the enterprise to sales, we see a ratio of 3.06. The receivables turnover for the company is 8.8for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.36.
Conclusion
In a nutshell, Summit Materials Inc (SUM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
