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After finishing at $38.99 in the prior trading day, Summit Materials Inc (NYSE: SUM) closed at $39.16, up 0.44%. In other words, the price has increased by $0.44 from its previous closing price. On the day, 1.06 million shares were traded. SUM stock price reached its highest trading level at $39.33 during the session, while it also had its lowest trading level at $38.46.
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 13.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 52.16. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.68.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on January 12, 2024, whereas the target price for the stock was revised from $43 to $38.
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 May 13 ’24 when Kilgore Jason sold 50,589 shares for $40.21 per share. The transaction valued at 2,033,951 led to the insider holds 60,630 shares of the business.
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 6871208960 and an Enterprise Value of 9285624832. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.42, and their Forward P/E ratio for the next fiscal year is 16.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.17. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 3.107 whereas that against EBITDA is 14.503.
Stock Price History:
The Beta on a monthly basis for SUM is 1.15, which has changed by 0.056379795 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SUM has reached a high of $44.89, while it has fallen to a 52-week low of $29.98. The 50-Day Moving Average of the stock is 2.78%, while the 200-Day Moving Average is calculated to be 3.44%.
Shares Statistics:
The stock has traded on average 980.52K shares per day over the past 3-months and 1088990 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 119.40M. Insiders hold about 31.95% of the company’s shares, while institutions hold 70.11% stake in the company. Shares short for SUM as of 1719532800 were 4270244 with a Short Ratio of 4.36, compared to 1717113600 on 4116167. Therefore, it implies a Short% of Shares Outstanding of 4270244 and a Short% of Float of 3.9600000000000004.
