Summit Hotel Properties Inc (NYSE:INN) currently has a daily average trading volume of 792.82K but it saw 582582 shares traded in last market. With a market cap of 702.04M USD, the company’s current market price of $6.48 came falling about -1.52 while comparing to the previous closing price of $6.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.98 and as low as $5.31. In the recent trading on the day, stock has struck highest price mark of $6.48 while lowest mark touched by it was $6.64.
Taking a look at 20-day trading activity of Summit Hotel Properties Inc (INN) gives us an average price of $6.59, while its current price level is -7.16% below from 52-week high level whereas it is 22.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.24 while that of 200 days or SMA-200 reads an average of $6.33. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.50% during that period while stretching the period over a month that decreases to 2.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.96 which implies that the stock is in neutral territory.
Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on January 12, 2023 while assigning a price target of $8. CapitalOne issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $14 and $10.
Over the week, INN’s stock price is moving -2.41% down while it is 2.37% when we observe its performance for the past one month. Year-to-date it is -3.57% down and over the past year, the stock is showing an upside performance of 9.83%.
The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is 0.15. In next quarter, company is expected to be making quarterly sales of $173.22M as analysts are expecting the sales for current fiscal year at $733.87M and seeing the company making $744.26M in sales next year. Moreover, analysts are in estimates of $178.63M for current-quarter revenue.
Currently, Summit Hotel Properties Inc’s total number of outstanding shares is 107.59M. Company’s return on investment (ROI) stands at 0.28% and return on equity (ROE) at 2.65%. Stock’s beta reads 2.04. Stock has a price to book (P/B) ratio of 0.75 while price to sale or P/S ratio amounts to 0.95. Its return on asset (ROA) is 0.84% on average.
