Summit Hotel Properties Inc (NYSE: INN) is -3.42% lower on its value in year-to-date trading and has touched a low of $5.31 and a high of $7.26 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INN stock was last observed hovering at around $6.38 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $6.49, the stock is 1.07% and -0.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 1.72% at the moment leaves the stock 4.03% off its SMA200. INN registered -5.39% loss for a year compared to 6-month gain of 15.48%. The firm has a 50-day simple moving average (SMA 50) of $2.88 and a 200-day simple moving average (SMA200) of $9.97.
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The stock witnessed a -1.22% loss in the last 1 month and extending the period to 3 months gives it a -1.52%, and is 2.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.57% over the month.
Summit Hotel Properties Inc (INN) has around 78 employees, a market worth around $698.26M and $736.13M in sales. Profit margin for the company is -3.71%. Distance from 52-week low is 22.22% and -10.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.16%).
Summit Hotel Properties Inc quarterly earnings per share for the current quarter are estimated at -$0.11 with sales reaching $185.49M over the same period.The EPS is expected to grow by 25.93% this year, but quarterly earnings will post 2.10% year-over-year. Quarterly sales are estimated to grow 3.30% in year-over-year returns.
286 institutions hold shares in Summit Hotel Properties Inc (INN), with institutional investors hold 98.18% of the company’s shares. The shares outstanding are 107.59M, and float is at 104.07M with Short Float at 6.06%. Institutions hold 94.36% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 20.37 million shares valued at $132.61 million. The investor’s holdings represent 18.94% of the INN Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.94 million shares valued at $97.24 million to account for 13.89% of the shares outstanding. The other top investors are Jennison Associates LLC which holds 7.1 million shares representing 6.60% and valued at over $46.25 million, while State Street Corporation holds 6.47% of the shares totaling 6.96 million with a market value of $45.31 million.
