Summit Materials Inc (SUM) concluded trading on Wednesday at a closing price of $50.37, with 7.56 million shares of worth about $380.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.27% during that period and on December 18, 2024 the price saw a loss of about -0.79%. Currently the company’s common shares owned by public are about 175.60M shares, out of which, 119.58M shares are available for trading.
Stock saw a price change of -1.10% in past 5 days and over the past one month there was a price change of 3.81%. Year-to-date (YTD), SUM shares are showing a performance of 30.97% which increased to 31.17% 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 2.65 million. The stock is currently trading -0.76% below its 20-day simple moving average (SMA20), while that difference is up 6.56% for SMA50 and it goes to 22.18% 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 $8.84B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 61.10, while it has posted earnings per share of $0.82 in the same period. Its PEG reads 4.05 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 0.44% while standing at 1.11% over the month.
Stock’s fiscal year EPS is expected to rise by 6.75% while it is estimated to increase by 24.17% 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 Jefferies on December 16, 2024 offering a Hold rating for the stock and assigned a target price range of between $58 and $52.50 to it. Coverage by Barclays stated Summit Materials Inc (SUM) stock as an Overweight in their note to investors on October 29, 2024, suggesting a price target of $52 for the stock. On October 25, 2024, RBC Capital Mkts Upgrade their recommendations, while on August 26, 2024, Morgan Stanley Initiated their ratings for the stock with a price target of $51. Stock get an Outperform rating from Wolfe Research on May 15, 2024.
