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As of close of business last night, Summit Materials Inc’s stock clocked out at $49.81, down -2.33% from its previous closing price of $51.00. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 1.24 million shares were traded. SUM stock price reached its highest trading level at $50.92 during the session, while it also had its lowest trading level at $49.69.
Ratios:
To gain a deeper understanding of SUM’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.13. For the most recent quarter (mrq), Quick Ratio is recorded 2.48 and its Current Ratio is at 3.10. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.65.
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 the company, Barclays on October 29, 2024, Upgraded its rating to Overweight and sets its target price to $52 from $45 previously.
On October 25, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $45 to $53.
On August 26, 2024, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $51.Morgan Stanley initiated its Overweight rating on August 26, 2024, with a $51 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future 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 8955887616 and an Enterprise Value of 10925625344. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 60.42, and their Forward P/E ratio for the next fiscal year is 23.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.33 while its Price-to-Book (P/B) ratio in mrq is 1.97. Its current Enterprise Value per Revenue stands at 2.91 whereas that against EBITDA is 12.967.
Stock Price History:
Over the past 52 weeks, SUM has reached a high of $51.74, while it has fallen to a 52-week low of $33.04. The 50-Day Moving Average of the stock is 23.34%, while the 200-Day Moving Average is calculated to be 25.44%.
Shares Statistics:
It appears that SUM traded 1.25M shares on average per day over the past three months and 2538890 shares per day over the past ten days. A total of 175.60M shares are outstanding, with a floating share count of 119.53M. Insiders hold about 31.93% of the company’s shares, while institutions hold 69.82% stake in the company. Shares short for SUM as of 1728950400 were 3929774 with a Short Ratio of 3.14, compared to 1726185600 on 4138960. Therefore, it implies a Short% of Shares Outstanding of 3929774 and a Short% of Float of 3.64.
