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After finishing at $37.82 in the prior trading day, Summit Materials Inc (NYSE: SUM) closed at $37.30, down -1.37%. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 0.85 million shares were traded. SUM stock price reached its highest trading level at $37.985 during the session, while it also had its lowest trading level at $37.17.
Ratios:
Our goal is to gain a better understanding of SUM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.38. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 6549357568 and an Enterprise Value of 8922384384. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.36, and their Forward P/E ratio for the next fiscal year is 16.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 2.641 whereas that against EBITDA is 12.128.
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 $30.81. The 50-Day Moving Average of the stock is -3.48%, while the 200-Day Moving Average is calculated to be -4.45%.
Shares Statistics:
The stock has traded on average 967.75K shares per day over the past 3-months and 1045470 shares per day over the last 10 days, according to various share statistics. 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 69.80% stake in the company. Shares short for SUM as of 1726185600 were 4138960 with a Short Ratio of 4.28, compared to 1723680000 on 4627201. Therefore, it implies a Short% of Shares Outstanding of 4138960 and a Short% of Float of 3.8399997999999997.
