Summit Materials Inc (SUM) concluded trading on Thursday at a closing price of $50.95, with 5.24 million shares of worth about $267.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.82% during that period and on Thursday the price saw a gain of about 0.69%. Currently the company’s common shares owned by public are about 175.60M shares, out of which, 119.53M shares are available for trading.
Stock saw a price change of 0.61% in past 5 days and over the past one month there was a price change of 0.06%. Year-to-date (YTD), SUM shares are showing a performance of 0.69% which increased to 33.13% 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 2.97 million. The stock is currently trading 0.49% above its 20-day simple moving average (SMA20), while that difference is up 3.55% for SMA50 and it goes to 22.46% higher than SMA200.
Summit Materials Inc (NYSE: SUM) currently have 175.60M outstanding shares and institutions hold larger chunk of about 70.07% of that.
The stock has a current market capitalization of $8.96B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 61.80, while it has posted earnings per share of $0.82 in the same period. Its PEG reads 4.09 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 0.40% while standing at 0.42% over the month.
Stock’s fiscal year EPS is expected to rise by 6.38% while it is estimated to increase by 24.07% 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.
