The stock price of Summit Materials Inc (NYSE: SUM) has dropped by -0.04 compared to previous close of 50.56. Despite this, the company has seen a gain of 0.08% in its stock price over the last five trading days. accesswire.com reported 2024-12-30 that LOS ANGELES, CA / ACCESSWIRE / December 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Summit Materials, Inc. (“Summit” or “the Company”) (NYSE:SUM) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Summit board breached its fiduciary duties to shareholders.
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 61.31x, Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for SUM is 119.53M, and currently, short sellers hold a 4.32% ratio of that floaft. The average trading volume of SUM on December 31, 2024 was 2.93M shares.
SUM’s Market Performance
SUM’s stock has seen a 0.08% increase for the week, with a -1.08% drop in the past month and a 29.49% gain in the past quarter. The volatility ratio for the week is 0.36%, and the volatility levels for the past 30 days are at 0.42% for Summit Materials Inc The simple moving average for the last 20 days is -0.33% for SUM’s stock, with a simple moving average of 21.76% for the last 200 days.
Analysts’ Opinion of SUM
Many brokerage firms have already submitted their reports for SUM stocks, with Jefferies repeating the rating for SUM by listing it as a “Hold.” The predicted price for SUM in the upcoming period, according to Jefferies is $52.50 based on the research report published on December 16, 2024 of the current year 2024.
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 3.47% 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 -5.52% of loss for the given period.
Volatility was left at 0.42%, however, over the last 30 days, the volatility rate increased by 0.36%, as shares sank -0.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.05% upper at present.
During the last 5 trading sessions, SUM rose by +0.08%, which changed the moving average for the period of 200-days by +21.37% in comparison to the 20-day moving average, which settled at $50.71. In addition, Summit Materials Inc saw 31.41% 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 2.94. 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 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
