Summit Materials Inc (SUM) concluded trading on Thursday at a closing price of $50.82, with 2.98 million shares of worth about $151.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 36.76% during that period and on December 12, 2024 the price saw a loss of about -0.22%. Currently the company’s common shares owned by public are about 175.60M shares, out of which, 119.52M shares are available for trading.
Stock saw a price change of -0.04% in past 5 days and over the past one month there was a price change of 3.74%. Year-to-date (YTD), SUM shares are showing a performance of 32.14% which increased to 36.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.38 but also hit the highest price of $53.49 during that period. The average intraday trading volume for Summit Materials Inc shares is 2.51 million. The stock is currently trading 1.00% above its 20-day simple moving average (SMA20), while that difference is up 10.06% for SMA50 and it goes to 23.71% higher than SMA200.
Summit Materials Inc (NYSE: SUM) currently have 175.60M outstanding shares and institutions hold larger chunk of about 70.09% of that.
The stock has a current market capitalization of $8.92B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 61.64, while it has posted earnings per share of $0.82 in the same period. Its PEG reads 4.08 and has Quick Ratio of 2.48 while making debt-to-equity ratio of 0.66. 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 0.31% while standing at 1.44% over the month.
Stock’s fiscal year EPS is expected to rise by 6.78% while it is estimated to increase by 24.19% 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 Barclays on October 29, 2024 offering an Overweight rating for the stock and assigned a target price range of between $45 and $52 to it. Coverage by RBC Capital Mkts stated Summit Materials Inc (SUM) stock as an Outperform in their note to investors on October 25, 2024, suggesting a price target of $53 for the stock. On August 26, 2024, Morgan Stanley Initiated their recommendations, while on May 15, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $49. Stock get an Overweight rating from JP Morgan on February 23, 2024.
