Summit State Bank (NASDAQ: SSBI) has a price-to-earnings ratio that is above its average at 7.00x. The stock has a 36-month beta value of 0.64. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SSBI is 4.84M, and at present, short sellers hold a 0.29% of that float. On October 07, 2024, the average trading volume of SSBI was 11.53K shares.
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SSBI) stock’s latest price update
Summit State Bank (NASDAQ: SSBI)’s stock price has gone decline by -10.50 in comparison to its previous close of 7.05, however, the company has experienced a -27.80% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-09-12 that SANTA ROSA, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) — Summit State Bank’s (the “Bank”) (Nasdaq: SSBI) Board of Directors declared the Bank’s eighty third consecutive quarterly cash dividend to common shareholders for $0.04 per share on September 11, 2024. The dividend will be paid on October 10, 2024, to shareholders of record on October 3, 2024.
SSBI’s Market Performance
Summit State Bank (SSBI) has seen a -27.80% fall in stock performance for the week, with a -25.06% decline in the past month and a -30.81% plunge in the past quarter. The volatility ratio for the week is 11.52%, and the volatility levels for the past 30 days are at 5.39% for SSBI. The simple moving average for the past 20 days is -23.99% for SSBI’s stock, with a -37.49% simple moving average for the past 200 days.
Analysts’ Opinion of SSBI
Many brokerage firms have already submitted their reports for SSBI stocks, with DA Davidson repeating the rating for SSBI by listing it as a “Neutral.” The predicted price for SSBI in the upcoming period, according to DA Davidson is $11 based on the research report published on August 01, 2007 of the previous year 2007.
DA Davidson, on the other hand, stated in their research note that they expect to see SSBI reach a price target of $18. The rating they have provided for SSBI stocks is “Buy” according to the report published on March 23rd, 2007.
SSBI Trading at -28.21% from the 50-Day Moving Average
After a stumble in the market that brought SSBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.56% of loss for the given period.
Volatility was left at 5.39%, however, over the last 30 days, the volatility rate increased by 11.52%, as shares sank -24.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.26% lower at present.
During the last 5 trading sessions, SSBI fell by -27.80%, which changed the moving average for the period of 200-days by -51.65% in comparison to the 20-day moving average, which settled at $8.20. In addition, Summit State Bank saw -48.70% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SSBI
Current profitability levels for the company are sitting at:
- 0.77 for the present operating margin
- 1.0 for the gross margin
The net margin for Summit State Bank stands at 0.11. The total capital return value is set at 0.09. Equity return is now at value 6.28, with 0.54 for asset returns.
Based on Summit State Bank (SSBI), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 0.39 million with net debt to EBITDA at -10.34. When we switch over and look at the enterprise to sales, we see a ratio of 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.08.
Conclusion
To sum up, Summit State Bank (SSBI) 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.
