Summit Materials Inc (SUM) concluded trading on Thursday at a closing price of $43.29, with 5.1 million shares of worth about $220.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.96% during that period and on October 24, 2024 the price saw a gain of about 6.57%. Currently the company’s common shares owned by public are about 119.53M shares, out of which, 119.52M shares are available for trading.
Stock saw a price change of 3.69% in past 5 days and over the past one month there was a price change of 12.18%. Year-to-date (YTD), SUM shares are showing a performance of 12.56% which increased to 32.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.83 but also hit the highest price of $44.89 during that period. The average intraday trading volume for Summit Materials Inc shares is 1.02 million. The stock is currently trading 10.47% above its 20-day simple moving average (SMA20), while that difference is up 11.61% for SMA50 and it goes to 10.61% higher than SMA200.
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Summit Materials Inc (NYSE: SUM) currently have 119.53M outstanding shares and institutions hold larger chunk of about 69.70% of that.
The stock has a current market capitalization of $7.60B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 20.14, while it has posted earnings per share of $2.15 in the same period. Its PEG reads 1.33 and has Quick Ratio of 2.01 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SUM, volatility over the week remained 4.88% while standing at 3.31% over the month.
Stock’s fiscal year EPS is expected to rise by 1.29% while it is estimated to increase by 33.51% in next year. EPS is likely to shrink at an annualized rate of 15.10% for next 5-years, compared to annual growth of 51.73% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on August 26, 2024 offering an Overweight rating for the stock and assigned a target price of $51 to it. Coverage by Wolfe Research stated Summit Materials Inc (SUM) stock as an Outperform in their note to investors on May 15, 2024, suggesting a price target of $49 for the stock. On February 23, 2024, JP Morgan Resumed their recommendations, while on January 12, 2024, RBC Capital Mkts Downgrade their ratings for the stock with a price target of $38. Stock get a Buy rating from Seaport Research Partners on October 24, 2023.
