Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Summit Materials Inc’s stock clocked out at $38.47, down -1.43% from its previous closing price of $39.03. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 0.96 million shares were traded. SUM stock price reached its highest trading level at $39.705 during the session, while it also had its lowest trading level at $38.46.
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 5.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.83. For the most recent quarter (mrq), Quick Ratio is recorded 4.62 and its Current Ratio is at 5.36. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 1.01.
On January 12, 2024, RBC Capital Mkts Downgraded its rating to Sector Perform which previously was Outperform and also lowered its target price recommendation from $43 to $38.
Seaport Research Partners Upgraded its Neutral to Buy on October 24, 2023, while the target price for the stock was maintained at $47.
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 6749715456 and an Enterprise Value of 8687135744. As of this moment, Summit’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.12, and their Forward P/E ratio for the next fiscal year is 15.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 1.99. Its current Enterprise Value per Revenue stands at 3.316 whereas that against EBITDA is 15.631.
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 $26.18. The 50-Day Moving Average of the stock is -7.37%, while the 200-Day Moving Average is calculated to be 4.26%.
Shares Statistics:
It appears that SUM traded 1.02M shares on average per day over the past three months and 736050 shares per day over the past ten days. A total of 119.53M shares are outstanding, with a floating share count of 119.32M. Insiders hold about 31.99% of the company’s shares, while institutions hold 68.85% stake in the company. Shares short for SUM as of 1711584000 were 4164797 with a Short Ratio of 4.07, compared to 1709164800 on 4601904. Therefore, it implies a Short% of Shares Outstanding of 4164797 and a Short% of Float of 3.8599998.
Earnings Estimates
The dynamic stock of Summit Materials Inc (SUM) is currently attracting attention from Rumble Inc. analysts actively involved in rating its market status.The consensus estimate for the next quarter is $324.83, with high estimates of $40.09 and low estimates of $38.05.
Analysts are recommending an EPS of between $Industrials and $Energy for the fiscal current year, implying an average EPS of $Healthcare.
