A new trading day began on Monday, with Summit Materials Inc (NYSE: SUM) stock price down -2.36% from the previous day of trading, before settling in for the closing price of $47.83. SUM’s price has ranged from $32.32 to $48.22 over the past 52 weeks.
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Annual sales at Basic Materials sector company grew by 4.55% over the past five years. Meanwhile, its annual earnings per share averaged 4.98%. With a float of $119.52 million, this company’s outstanding shares have now reached $119.53 million.
Let’s look at the performance matrix of the company that is accounted for 5300 employees. In terms of profitability, gross margin is 21.79%, operating margin of 12.57%, and the pretax margin is 7.05%.
Summit Materials Inc (SUM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Building Materials Industry. The insider ownership of Summit Materials Inc is 31.93%, while institutional ownership is 70.07%. The most recent insider transaction that took place on Oct 01 ’24, was worth 694,303. Before that another transaction happened on May 13 ’24, when Company’s insider sold 50,589 for $40.21, making the entire transaction worth $2,033,951. This insider now owns 60,630 shares in total.
Summit Materials Inc (SUM) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.31 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.10% during the next five years compared to 51.73% growth over the previous five years of trading.
Summit Materials Inc (NYSE: SUM) Trading Performance Indicators
Here are Summit Materials Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20. Likewise, its price to free cash flow for the trailing twelve months is 47.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.82, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 2.12 in one year’s time.
Technical Analysis of Summit Materials Inc (SUM)
Summit Materials Inc (NYSE: SUM) saw its 5-day average volume 1.68 million, a positive change from its year-to-date volume of 1.05 million. As of the previous 9 days, the stock’s Stochastic %D was 89.31%. Additionally, its Average True Range was 1.48.
During the past 100 days, Summit Materials Inc’s (SUM) raw stochastic average was set at 88.81%, which indicates a significant increase from 82.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.21% in the past 14 days, which was higher than the 36.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.79, while its 200-day Moving Average is $39.51. Nevertheless, the first resistance level for the watch stands at $47.48 in the near term. At $48.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $48.72. If the price goes on to break the first support level at $46.24, it is likely to go to the next support level at $45.78. Assuming the price breaks the second support level, the third support level stands at $45.00.
Summit Materials Inc (NYSE: SUM) Key Stats
With a market capitalization of 8.27 billion, the company has a total of 175,586K Shares Outstanding. Currently, annual sales are 2,619 M while annual income is 289,630 K. The company’s previous quarter sales were 1,118 M while its latest quarter income was 106,080 K.
