Summit Hotel Properties Inc (NYSE: INN) is -0.45% lower on its value in year-to-date trading and has touched a low of $5.66 and a high of $7.22 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 $6.66 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $6.69, the stock is 0.06% and 3.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 0.45% at the moment leaves the stock 5.58% off its SMA200. INN registered 1.52% gain for a year compared to 6-month gain of 14.55%. The firm has a 50-day simple moving average (SMA 50) of $6.4904 and a 200-day simple moving average (SMA200) of $6.33635.
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The stock witnessed a 9.67% loss in the last 1 month and extending the period to 3 months gives it a -4.43%, and is -0.45% 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 2.72% over the week and 2.49% over the month.
Summit Hotel Properties Inc (INN) has around 78 employees, a market worth around $831.97M and $736.29M in sales. Current P/E ratio is 619.44. Profit margin for the company is 1.03%. Distance from 52-week low is 18.20% and -7.34% from its 52-week high. The company has generated returns on investments over the last 12 months (0.33%).
The EPS is expected to grow by 164.81% this year
304.0 institutions hold shares in Summit Hotel Properties Inc (INN), with institutional investors hold 97.21% of the company’s shares. The shares outstanding are 108.45M, and float is at 105.14M with Short Float at 3.29%. Institutions hold 94.27% 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.
