In the past week, SUM stock has gone down by -0.00%, with a monthly gain of 4.72% and a quarterly surge of 29.97%. The volatility ratio for the week is 0.31%, and the volatility levels for the last 30 days are 1.36% for Summit Materials Inc The simple moving average for the past 20 days is 0.54% for SUM’s stock, with a 23.48% simple moving average for the past 200 days.
Is It Worth Investing in Summit Materials Inc (NYSE: SUM) Right Now?
Summit Materials Inc (NYSE: SUM) has a higher price-to-earnings ratio of 61.64x compared to its average ratio, The 36-month beta value for SUM is at 1.15. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 as “hold,” and 0 as “sell.”
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The public float for SUM is 119.58M, and currently, shorts hold a 2.88% of that float. The average trading volume for SUM on December 16, 2024 was 2.56M shares.
SUM) stock’s latest price update
The stock price of Summit Materials Inc (NYSE: SUM) has surged by 0.08 when compared to previous closing price of 50.78, https://thefly.com reported 2024-12-16 that Jefferies downgraded Summit Materials to Hold from Buy with a price target of $52.50, down from $58. The firm says that in a low growth environment and likely softer first half of 2025 in residential, it is “picking our spots” and downgrading some building products names as part of a 2025 outlook. Jefferies’ contacts are calling for flat to low single-digit volume growth in new residential and remove and replace, but there isn’t a strong consensus if one end market will outperform, the analyst tells investors in a research note. The firm says its contacts believe mortgages rates need to be in the 5.5% to less than 6% range for demand to accelerate, but that Trump’s policies are likely to be inflationary, so it expect rates to stay “higher for longer”.
Analysts’ Opinion of SUM
Barclays, on the other hand, stated in their research note that they expect to see SUM reach a price target of $52, previously predicting the price at $45. The rating they have provided for SUM stocks is “Overweight” according to the report published on October 29th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to SUM, setting the target price at $53 in the report published on October 25th of the current year.
SUM Trading at 8.77% 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 -4.99% of loss for the given period.
Volatility was left at 1.36%, however, over the last 30 days, the volatility rate increased by 0.31%, as shares surge +4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.02% upper at present.
During the last 5 trading sessions, SUM fell by -0.08%, which changed the moving average for the period of 200-days by +17.55% in comparison to the 20-day moving average, which settled at $50.54. In addition, Summit Materials Inc saw 32.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SUM starting from Gaskill Christopher Burke, who sale 1,536 shares at the price of $50.91 back on Dec 10 ’24. After this action, Gaskill Christopher Burke now owns 40,221 shares of Summit Materials Inc, valued at $78,198 using the latest closing price.
Gaskill Christopher Burke, the Officer of Summit Materials Inc, proposed sale 1,536 shares at $50.91 during a trade that took place back on Dec 10 ’24, which means that Gaskill Christopher Burke is holding shares at $78,201 based on the most recent closing price.
Stock Fundamentals for SUM
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.2 for the gross margin
The net margin for Summit Materials Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 4.37, with 2.30 for asset returns.
Based on Summit Materials Inc (SUM), the company’s capital structure generated 0.39 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 0.63. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 726.17 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 6.19for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.10.
Conclusion
In conclusion, Summit Materials Inc (SUM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
