Summit Materials Inc (SUM) concluded trading on Wednesday at a closing price of $52.13, with 4.27 million shares of worth about $222.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.59% during that period and on January 15, 2025 the price saw a gain of about 0.13%. Currently the company’s common shares owned by public are about 175.60M shares, out of which, 119.65M shares are available for trading.
Stock saw a price change of -0.02% in past 5 days and over the past one month there was a price change of 2.58%. Year-to-date (YTD), SUM shares are showing a performance of 3.02% which increased to 47.59% 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 3.56 million. The stock is currently trading 2.02% above its 20-day simple moving average (SMA20), while that difference is up 3.44% for SMA50 and it goes to 24.28% higher than SMA200.
Summit Materials Inc (NYSE: SUM) currently have 175.60M outstanding shares and institutions hold larger chunk of about 70.49% of that.
The stock has a current market capitalization of $9.17B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 63.23, while it has posted earnings per share of $0.82 in the same period. It 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 0.22% while standing at 0.48% over the month.
Stock’s fiscal year EPS is expected to rise by 6.17% while it is estimated to increase by 24.37% in next year.
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.
