Summit Hotel Properties Inc (NYSE:INN) currently has a daily average trading volume of 769.51K but it saw 1839414 shares traded in last market. With a market cap of 828.24M USD, the company’s current market price of $6.66 came falling about -3.48 while comparing to the previous closing price of $6.90. 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 $6.6 while lowest mark touched by it was $6.93.
Taking a look at 20-day trading activity of Summit Hotel Properties Inc (INN) gives us an average price of $6.66, while its current price level is -7.76% below from 52-week high level whereas it is 17.67% 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 $6.49 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 2.69% during that period while stretching the period over a month that decreases to 2.52%. 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 50.85 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 -2.49% down while it is 9.36% when we observe its performance for the past one month. Year-to-date it is -0.89% down and over the past year, the stock is showing an upside performance of 0.76%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $183M as analysts are expecting the sales for current fiscal year at $729.36M and seeing the company making $738.07M in sales next year. Moreover, analysts are in estimates of $171.12M for current-quarter revenue.
Currently, Summit Hotel Properties Inc’s total number of outstanding shares is 108.45M. 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 616.67. Stock’s beta reads 2.05. Stock has a price to book (P/B) ratio of 0.79 while price to sale or P/S ratio amounts to 1.12. Its return on asset (ROA) is 0.89% on average.
