Summit Hotel Properties Inc (NYSE: INN) is -15.47% 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 $6.00 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $5.79, the stock is -9.48% and -11.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing -3.50% at the moment leaves the stock -9.90% off its SMA200. INN registered -11.74% loss for a year compared to 6-month gain of -8.53%.
The stock witnessed a -12.93% loss in the last 1 month and extending the period to 3 months gives it a -14.22%, and is -11.33% 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 4.36% over the week and 2.86% over the month.
Summit Hotel Properties Inc (INN) has around 85 employees, a market worth around $727.89M and $731.78M in sales. Current P/E ratio is 39.31. Profit margin for the company is 3.38%. Distance from 52-week low is 2.30% and -19.81% from its 52-week high. The company has generated returns on investments over the last 12 months (1.08%).
The EPS is expected to shrink by -163.64% this year
The shares outstanding are 108.44M, and float is at 106.02M with Short Float at 3.12%.
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 5.1067 of the shares totaling 5.41 million with a market value of $32.4 million.
Summit Hotel Properties Inc (INN) Insider Activity
The most recent transaction is an insider sale by Bright Force Investment, LLC, the company’s 10% Owner. SEC filings show that Bright Force Investment, LLC sold 21,207 shares of the company’s common stock on Mar 10 ’25 at a price of $6.38 per share for a total of $0.14 million. Following the sale, the insider now owns 1.58 million shares.
