Summit Hotel Properties Inc (NYSE:INN) currently has a daily average trading volume of 757.91K but it saw 415105 shares traded in last market. With a market cap of 810.83M USD, the company’s current market price of $6.52 came falling about -0.31 while comparing to the previous closing price of $6.54. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.22 and as low as $5.66. In the recent trading on the day, stock has struck highest price mark of $6.5 while lowest mark touched by it was $6.62.
Taking a look at 20-day trading activity of Summit Hotel Properties Inc (INN) gives us an average price of $6.32, while its current price level is -9.70% below from 52-week high level whereas it is 15.19% 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 $6.53 while that of 200 days or SMA-200 reads an average of $6.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.38% during that period while stretching the period over a month that increases to 2.78%. 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 55.39 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 7.24% up while it is 3.49% when we observe its performance for the past one month. Year-to-date it is -2.98% down and over the past year, the stock is showing an upside performance of 2.68%.
Currently, Summit Hotel Properties Inc’s total number of outstanding shares is 107.59M. Company’s return on investment (ROI) stands at 0.33% and return on equity (ROE) at 2.81%. It has a price to earnings ratio (P/E ratio) of 603.70. Stock’s beta reads 2.06. Stock has a price to book (P/B) ratio of 0.78 while price to sale or P/S ratio amounts to 1.10. Its return on asset (ROA) is 0.89% on average.
