Summit Materials Inc [SUM] stock is trading at $45.10, up 4.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The SUM shares have gain 6.67% over the last week, with a monthly amount glided 15.02%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Summit Materials Inc [NYSE: SUM] stock has seen the most recent analyst activity on October 25, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $53 from $45. Previously, Morgan Stanley started tracking the stock with Overweight rating on August 26, 2024, and set its price target to $51. On May 15, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $49 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $38 on January 12, 2024. Seaport Research Partners upgraded its rating to Buy for this stock on October 24, 2023, but kept the price target unchanged to $47. In a note dated September 08, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
Summit Materials Inc [SUM] stock has fluctuated between $30.83 and $46.03 over the past year. Currently, Wall Street analysts expect the stock to reach $46.44 within the next 12 months. Summit Materials Inc [NYSE: SUM] shares were valued at $45.10 at the most recent close of the market. An investor can expect a potential return of 2.97% based on the average SUM price forecast.
Analyzing the SUM fundamentals
Summit Materials Inc [NYSE:SUM] reported sales of 3.38B for the trailing twelve months, which represents a growth of 53.37%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.49 points at the first support level, and at 43.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.95, and for the 2nd resistance point, it is at 46.81.
Ratios To Look Out For
For context, Summit Materials Inc’s Current Ratio is 2.62. On the other hand, the Quick Ratio is 2.01, and the Cash Ratio is 0.94. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 1.83 and price to earnings (TTM) ratio is 20.98.
Transactions by insiders
Recent insider trading involved Ghelani Kekin, Officer, that happened on Oct 01 ’24 when 17936.0 shares were purchased., Kilgore Jason completed a deal on May 13 ’24 to sell 50589.0 shares.
