Summit Materials Inc (NYSE: SUM) is 0.44% higher on its value in year-to-date trading and has touched a low of $29.98 and a high of $44.89 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SUM stock was last observed hovering at around $37.32 in the last trading session, with the day’s gains setting it 1.31%.
Currently trading at $38.63, the stock is -1.35% and 2.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 3.51% at the moment leaves the stock 1.03% off its SMA200. SUM registered -2.25% loss for a year compared to 6-month loss of 3.21%.
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The stock witnessed a 4.35% gain in the last 1 month and extending the period to 3 months gives it a -4.38%, and is -4.52% down 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 5.28% over the week and 3.75% over the month.
Summit Materials Inc (SUM) has around 5300 employees, a market worth around $6.78B and $3.38B in sales. Current P/E ratio is 17.97 and Fwd P/E is 16.87. Profit margin for the company is 8.06%. Distance from 52-week low is 28.85% and -13.95% from its 52-week high. The company has generated returns on investments over the last 12 months (3.77%).
The EPS is expected to grow by 8.06% this year
The shares outstanding are 119.53M, and float is at 119.40M with Short Float at 3.77%.
Summit Materials Inc (SUM) Insider Activity
The most recent transaction is an insider sale by Kilgore Jason, the company’s. SEC filings show that Kilgore Jason sold 50,589 shares of the company’s common stock on May 13 ’24 at a price of $40.21 per share for a total of $2.03 million. Following the sale, the insider now owns 60630.0 shares.
