The stock of Summit Hotel Properties Inc (INN) has gone down by -0.97% for the week, with a -4.67% drop in the past month and a -7.13% drop in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are 2.55% for INN. The simple moving average for the last 20 days is -1.77% for INN stock, with a simple moving average of -1.31% for the last 200 days.
Is It Worth Investing in Summit Hotel Properties Inc (NYSE: INN) Right Now?
The stock has a 36-month beta value of 2.01. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 1 as “sell.”
The public float for INN is 105.01M, and at present, short sellers hold a 5.90% of that float. On May 10, 2024, the average trading volume of INN was 757.27K shares.
INN) stock’s latest price update
Summit Hotel Properties Inc (NYSE: INN) has seen a rise in its stock price by 1.66 in relation to its previous close of 6.02. However, the company has experienced a -0.97% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-02 that Summit Hotel Properties, Inc. (NYSE:INN ) Q1 2024 Earnings Call Transcript May 2, 2024 9:00 AM ET Company Participants Adam Wudel – SVP, Finance, Capital Market and Treasurer Jon Stanner – President & Chief Executive Officer Trey Conkling – Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Bill Crow – Raymond James Chris Woronka – Deutsche Bank Michael Bellisario – Baird Operator Welcome to the Summit Hotel Properties’ 2024 First Quarter Earnings Conference Call. I will now be passing the line to Adam Wudel, Senior Vice President of Finance, Capital Markets and Treasurer.
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 -3.39% 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 -15.70% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -7.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.13% lower at present.
During the last 5 trading sessions, INN fell by -0.97%, which changed the moving average for the period of 200-days by -0.49% in comparison to the 20-day moving average, which settled at $6.21. In addition, Summit Hotel Properties Inc saw -8.93% 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:
- 0.11 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 -0.69, with -0.21 for asset returns.
Based on Summit Hotel Properties Inc (INN), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 0.88.
Currently, EBITDA for the company is 226.71 million with net debt to EBITDA at 6.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 26.51for trailing twelve months and the total asset turnover is 0.25.
Conclusion
To sum up, Summit Hotel Properties Inc (INN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
