Summit Hotel Properties Inc (NYSE: INN) has experienced a decline in its stock price by -0.31 compared to its previous closing price of 6.54. However, the company has seen a gain of 7.24% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that Summit Hotel Properties, Inc. (NYSE:INN ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Adam Wudel – EVP of Corporate Development Jon Stanner – President and Chief Executive Officer Trey Conkling – Executive Vice President and Chief Financial Officer Conference Call Participants Austin Wurschmidt – KeyBanc Capital Markets Michael Bellisario – Baird Chris Woronka – Deutsche Bank Operator Good day, and thank you for standing by. Welcome to the Summit Hotel Properties Q3 2024 Earnings Conference Call.
Is It Worth Investing in Summit Hotel Properties Inc (NYSE: INN) Right Now?
Summit Hotel Properties Inc (NYSE: INN) has a price-to-earnings ratio of 603.70x that is above its average ratio. Additionally, the 36-month beta value for INN is 2.06. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for INN is 105.13M and currently, short sellers hold a 2.88% ratio of that float. The average trading volume of INN on November 28, 2024 was 757.91K shares.
INN’s Market Performance
The stock of Summit Hotel Properties Inc (INN) has seen a 7.24% increase in the past week, with a 3.49% rise in the past month, and a -3.26% fall in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are at 2.78% for INN. The simple moving average for the last 20 days is 3.10% for INN’s stock, with a simple moving average of 3.22% 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 -0.17% 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 -9.70% of loss for the given period.
Volatility was left at 2.78%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +2.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.46% lower at present.
During the last 5 trading sessions, INN rose by +7.24%, which changed the moving average for the period of 200-days by +3.49% in comparison to the 20-day moving average, which settled at $6.32. In addition, Summit Hotel Properties Inc saw -2.98% 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
- 0.21 for the gross margin
The net margin for Summit Hotel Properties Inc stands at 0.04. The total capital return value is set at 0.03. Equity return is now at value 2.81, with 0.89 for asset returns.
Based on Summit Hotel Properties Inc (INN), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is 0.95.
Currently, EBITDA for the company is 212.4 million with net debt to EBITDA at 5.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.88. The receivables turnover for the company is 35.53for trailing twelve months and the total asset turnover is 0.26.
Conclusion
In conclusion, Summit Hotel Properties Inc (INN) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
