Summit Hotel Properties Inc (NYSE: INN) is -36.79% lower on its value in year-to-date trading and has touched a low of $3.70 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 $3.74 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $4.33, the stock is -16.95% and -27.57% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing 15.78% at the moment leaves the stock -31.81% off its SMA200. INN registered -34.09% loss for a year compared to 6-month loss of -36.79%. The firm has a 50-day simple moving average (SMA 50) of $5.9782 and a 200-day simple moving average (SMA200) of $6.34975.
The stock witnessed a -27.83% gain in the last 1 month and extending the period to 3 months gives it a -34.39%, and is -20.84% 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 15.76% over the week and 6.29% over the month.
Summit Hotel Properties Inc (INN) has around 85 employees, a market worth around $551.28M and $731.78M in sales. Current P/E ratio is 29.40. Profit margin for the company is 3.38%. Distance from 52-week low is 17.03% and -40.03% from its 52-week high. The company has generated returns on investments over the last 12 months (1.08%).
with sales reaching $184.92M over the same period.The EPS is expected to shrink by -100.00% this year, but quarterly earnings will post 2.87% year-over-year. Quarterly sales are estimated to shrink -1.71% in year-over-year returns.
295.0 institutions hold shares in Summit Hotel Properties Inc (INN), with institutional investors hold 95.74% of the company’s shares. The shares outstanding are 108.44M, and float is at 105.42M with Short Float at 2.97%. Institutions hold 92.46% 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 19.579 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 5.9855 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.
