Summit Hotel Properties Inc (NYSE: INN) is 3.72% higher on its value in year-to-date trading and has touched a low of $5.31 and a high of $6.98 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 INN stock was last observed hovering at around $6.55 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $6.97, the stock is 5.99% and 9.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 6.41% at the moment leaves the stock 10.04% off its SMA200. INN registered 22.50% gain for a year compared to 6-month gain of 9.25%.
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The stock witnessed a 5.61% loss in the last 1 month and extending the period to 3 months gives it a 17.74%, and is 8.23% 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 2.74% over the week and 2.42% over the month.
Summit Hotel Properties Inc (INN) has around 78 employees, a market worth around $755.13M and $741.30M in sales. Profit margin for the company is 0.87%. Distance from 52-week low is 31.26% and -0.14% from its 52-week high. The company has generated returns on investments over the last 12 months (0.28%).
Summit Hotel Properties Inc quarterly earnings per share for the current quarter are estimated at -0.05 with sales reaching $178.63M over the same period.The EPS is expected to grow by 155.56% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
289.0 institutions hold shares in Summit Hotel Properties Inc (INN), with institutional investors hold 94.84% of the company’s shares. The shares outstanding are 107.59M, and float is at 105.05M with Short Float at 4.91%. Institutions hold 91.97% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 20.74 million shares valued at $124.22 million. The investor’s holdings represent 19.6156 of the INN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.26 million shares valued at $91.38 million to account for 14.4297 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.34 million shares representing 5.9968 and valued at over $37.98 million, while JENNISON ASSOCIATES LLC holds 5.1163 of the shares totaling 5.41 million with a market value of $32.4 million.
