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The price of Summit Materials Inc (NYSE: SUM) closed at $41.75 in the last session, up 2.71% from day before closing price of $40.65. In other words, the price has increased by $2.71 from its previous closing price. On the day, 1.79 million shares were traded. SUM stock price reached its highest trading level at $41.95 during the session, while it also had its lowest trading level at $40.43.
Ratios:
We take a closer look at SUM’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.62. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on August 26, 2024, initiated with a Overweight rating and assigned the stock a target price of $51.
On May 15, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $49.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 01 ’24 when Ghelani Kekin bought 17,936 shares for $38.71 per share.
Kilgore Jason sold 50,589 shares of SUM for $2,033,951 on May 13 ’24. The insider now owns 60,630 shares after completing the transaction at $40.21 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SUM now has a Market Capitalization of 7330715648 and an Enterprise Value of 9703744512. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.43, and their Forward P/E ratio for the next fiscal year is 19.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.17 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 2.872 whereas that against EBITDA is 13.19.
Stock Price History:
Over the past 52 weeks, SUM has reached a high of $44.89, while it has fallen to a 52-week low of $30.83. The 50-Day Moving Average of the stock is 8.56%, while the 200-Day Moving Average is calculated to be 6.99%.
Shares Statistics:
According to the various share statistics, SUM traded on average about 971.26K shares per day over the past 3-months and 1107290 shares per day over the past 10 days. A total of 119.53M shares are outstanding, with a floating share count of 119.52M. Insiders hold about 31.93% of the company’s shares, while institutions hold 69.78% stake in the company. Shares short for SUM as of 1727654400 were 4281714 with a Short Ratio of 4.41, compared to 1724976000 on 4795207. Therefore, it implies a Short% of Shares Outstanding of 4281714 and a Short% of Float of 3.9699999999999998.
