A new trading day began on Tuesday, with Summit Materials Inc (NYSE: SUM) stock price up 0.20% from the previous day of trading, before settling in for the closing price of $50.75. SUM’s price has ranged from $34.38 to $53.49 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 4.55% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 6.78%. With a float of $119.53 million, this company’s outstanding shares have now reached $175.60 million.
In an organization with 5300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 20.39%, operating margin of 12.37%, and the pretax margin is 6.94%.
Summit Materials Inc (SUM) Insider and Institutional Ownership
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 70.06%. 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) Latest Financial update
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 -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 6.78% 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 2.38. Likewise, its price to free cash flow for the trailing twelve months is 51.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.82, a number that is poised to hit 0.41 in the next quarter and is forecasted to reach 2.10 in one year’s time.
Technical Analysis of Summit Materials Inc (SUM)
Let’s dig in a bit further. During the last 5-days, its volume was 11.17 million. That was better than the volume of 1.29 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 58.78%. Additionally, its Average True Range was 1.45.
During the past 100 days, Summit Materials Inc’s (SUM) raw stochastic average was set at 85.87%, which indicates a significant increase from 54.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.38% in the past 14 days, which was lower than the 38.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.52, while its 200-day Moving Average is $40.52. However, in the short run, Summit Materials Inc’s stock first resistance to watch stands at $50.93. Second resistance stands at $51.00. The third major resistance level sits at $51.11. If the price goes on to break the first support level at $50.75, it is likely to go to the next support level at $50.64. The third support level lies at $50.57 if the price breaches the second support level.
Summit Materials Inc (NYSE: SUM) Key Stats
With a market capitalization of 8.93 billion, the company has a total of 175,605K Shares Outstanding. Currently, annual sales are 2,619 M while annual income is 289,630 K. The company’s previous quarter sales were 1,171 M while its latest quarter income was 105,180 K.
