On Friday, Summit Materials Inc (NYSE: SUM) opened lower -0.29% from the last session, before settling in for the closing price of $51.09. Price fluctuations for SUM have 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. Company’s average yearly earnings per share was noted 6.78% at the time writing. With a float of $119.52 million, this company’s outstanding shares have now reached $119.53 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 Updates
A key investor’s attitude towards the stock of the Building Materials industry is another important factor to consider. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.31 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.27) by 0.04. 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
Check out the current performance indicators for Summit Materials Inc (SUM). In the past quarter, the stock posted 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 51.11.
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 11.56 million. That was better than the volume of 1.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.98%. Additionally, its Average True Range was 1.29.
During the past 100 days, Summit Materials Inc’s (SUM) raw stochastic average was set at 86.36%, which indicates a significant increase from 56.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.22% in the past 14 days, which was lower than the 37.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.97, while its 200-day Moving Average is $40.66. However, in the short run, Summit Materials Inc’s stock first resistance to watch stands at $51.11. Second resistance stands at $51.27. The third major resistance level sits at $51.36. If the price goes on to break the first support level at $50.86, it is likely to go to the next support level at $50.77. Assuming the price breaks the second support level, the third support level stands at $50.61.
Summit Materials Inc (NYSE: SUM) Key Stats
There are currently 175,605K shares outstanding in the company with a market cap of 8.92 billion. Presently, the company’s annual sales total 2,619 M according to its annual income of 289,630 K. Last quarter, the company’s sales amounted to 1,171 M and its income totaled 105,180 K.
