Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Summit Hotel Properties Inc (NYSE: INN) closed at $6.60 down -1.64% from its previous closing price of $6.71. In other words, the price has decreased by -$1.64 from its previous closing price. On the day, 0.57 million shares were traded. INN stock price reached its highest trading level at $6.75 during the session, while it also had its lowest trading level at $6.59.
Ratios:
For a deeper understanding of Summit Hotel Properties Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.72. In the meantime, Its Debt-to-Equity ratio is 1.49 whereas as Long-Term Debt/Eq ratio is at 1.49.
On January 12, 2023, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $8.
CapitalOne Downgraded its Overweight to Equal Weight on September 15, 2022, whereas the target price for the stock was revised from $14 to $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INN now has a Market Capitalization of 715558784 and an Enterprise Value of 2480949504. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 611.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is 10.527.
Stock Price History:
Over the past 52 weeks, INN has reached a high of $7.22, while it has fallen to a 52-week low of $5.66. The 50-Day Moving Average of the stock is 0.63%, while the 200-Day Moving Average is calculated to be 3.76%.
Shares Statistics:
For the past three months, INN has traded an average of 711.89K shares per day and 762320 over the past ten days. A total of 108.45M shares are outstanding, with a floating share count of 105.14M. Insiders hold about 3.03% of the company’s shares, while institutions hold 92.61% stake in the company. Shares short for INN as of 1734048000 were 3481944 with a Short Ratio of 4.89, compared to 1731628800 on 3025780. Therefore, it implies a Short% of Shares Outstanding of 3481944 and a Short% of Float of 5.0100001999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for INN is 0.30, from 0.28 in the trailing year. Against a Trailing Annual Dividend Yield of 0.041728765The stock’s 5-year Average Dividend Yield is 5.51.
