Currently, Summit Hotel Properties Inc [INN] is trading at $6.50, up 0.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INN shares have gain 2.52% over the last week, with a monthly amount drifted -3.85%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Robert W. Baird downgraded its rating to Neutral on January 12, 2023, and kept the price target unchanged to $8. On September 15, 2022, downgrade downgraded it’s rating to Equal Weight and revised its price target to $10 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. BofA Securities downgraded its rating to a Underperform and reduced its price target to $11 on September 27, 2021. BofA/Merrill upgraded its rating to Buy for this stock on June 01, 2020, and upped its price target to $7. In a note dated January 13, 2020, CapitalOne upgraded an Overweight rating on this stock and boosted its target price from $13 to $13.50.
This stock has fluctuated between a low of $5.66 and a high of $7.22 over the last 52 weeks. Summit Hotel Properties Inc [NYSE: INN] shares were valued at $6.50 at the most recent close of the market.
Analyzing the INN fundamentals
Trailing Twelve Months sales for Summit Hotel Properties Inc [NYSE:INN] were 731.78M which represents -2.54% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.56.
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 6.45 points at the first support level, and at 6.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.55, and for the 2nd resistance point, it is at 6.60.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 44.13.
