Summit Hotel Properties Inc (NYSE:INN) currently has a daily average trading volume of 920.18K but it saw 956156 shares traded in last market. With a market cap of 487.61M USD, the company’s current market price of $3.88 came rising about 1.31 while comparing to the previous closing price of $3.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.22 and as low as $3.57. In the recent trading on the day, stock has struck highest price mark of $3.87 while lowest mark touched by it was $4.13.
Taking a look at 20-day trading activity of Summit Hotel Properties Inc (INN) gives us an average price of $4.44, while its current price level is -46.26% below from 52-week high level whereas it is 8.68% 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 $5.49 while that of 200 days or SMA-200 reads an average of $6.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.50% during that period while stretching the period over a month that increases to 7.07%. 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 29.59 which implies that the stock is in oversold 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 -1.52% down while it is -31.57% when we observe its performance for the past one month. Year-to-date it is -43.36% down and over the past year, the stock is showing a downside performance of -36.91%.
Currently, Summit Hotel Properties Inc’s total number of outstanding shares is 108.44M with 3.42% of that held by the insiders while 92.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.08% and return on equity (ROE) at 4.75%. It has a price to earnings ratio (P/E ratio) of 26.34. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 0.46 while price to sale or P/S ratio amounts to 0.67. Its return on asset (ROA) is 1.48% on average.
