Summit Hotel Properties Inc. [NYSE: INN] loss -14.81% or -1.22 points to close at $7.02 with a heavy trading volume of 3041633 shares. It opened the trading session at $8.04, the shares rose to $8.07 and dropped to $6.74, the range by which the price of stock traded the whole day. The daily chart for INN points out that the company has recorded -42.74% loss over the past six months. However, it is still -202.59% lower than its most recent low trading price.
If we look at the average trading volume of 1.83M shares, INN reached to a volume of 3041633 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Summit Hotel Properties Inc. [INN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INN shares is $7.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INN stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA/Merrill have made an estimate for Summit Hotel Properties Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 01, 2020. While these analysts kept the previous recommendation, CapitalOne raised their target price from $13 to $13.50. The new note on the price target was released on January 13, 2020, representing the official price target for Summit Hotel Properties Inc. stock. Previously, the target price had yet another raise to $13, while CapitalOne analysts kept a Equal Weight rating on INN stock.
The Average True Range (ATR) for Summit Hotel Properties Inc. is set at 0.68, with the Price to Sales ratio for INN stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 1.24.
Trading performance analysis for INN stock
Summit Hotel Properties Inc. [INN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.77. With this latest performance, INN shares gained by 33.21% in over the last four-week period, additionally sinking by -42.74% over the last 6 months – not to mention a drop of -40.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INN stock in for the last two-week period is set at 56.48, with the RSI for the last a single of trading hit 52.26, and the three-weeks RSI is set at 55.52 for Summit Hotel Properties Inc. [INN]. The present Moving Average for the last 50 days of trading for this stock 5.42, while it was recorded at 7.98 for the last single week of trading, and 9.53 for the last 200 days.
Summit Hotel Properties Inc. [INN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Summit Hotel Properties Inc. [INN] shares currently have an operating margin of +6.47 and a Gross Margin at +21.14. Summit Hotel Properties Inc.’s Net Margin is presently recorded at +15.00.
Return on Total Capital for INN is now 1.60, given the latest momentum, and Return on Invested Capital for the company is 3.79. Return on Equity for this stock inclined to 6.96, with Return on Assets sitting at 3.60. When it comes to the capital structure of this company, Summit Hotel Properties Inc. [INN] has a Total Debt to Total Equity ratio set at 88.24. Additionally, INN Total Debt to Total Capital is recorded at 46.88, with Total Debt to Total Assets ending up at 43.97. Long-Term Debt to Equity for the company is recorded at 87.75, with the Long-Term Debt to Total Capital now at 46.61.
Reflecting on the efficiency of the workforce at the company, Summit Hotel Properties Inc. [INN] managed to generate an average of $1,394,932 per employee. Receivables Turnover for the company is 40.25 with a Total Asset Turnover recorded at a value of 0.24.
Summit Hotel Properties Inc. [INN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Summit Hotel Properties Inc. posted 0.43/share EPS, while the average EPS was predicted by analysts to be reported at 0.1/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 330.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INN.
An analysis of insider ownership at Summit Hotel Properties Inc. [INN]
There are presently around $869 million, in the hands of institutional investors. The top three institutional holders of INN stocks are: BLACKROCK INC. with ownership of 19,748,638, which is approximately -1.547% of the company’s market cap and around 2.20% of the total institutional ownership; VANGUARD GROUP INC, holding 14,792,480 shares of the stock with an approximate value of $121.89 million in INN stocks shares; and STATE STREET CORP, currently with $54.12 million in INN stock with ownership of nearly 17.585% of the company’s market capitalization.
107 institutional holders increased their position in Summit Hotel Properties Inc. [NYSE:INN] by around 6,392,360 shares. Additionally, 138 investors decreased positions by around 16,506,816 shares, while 32 investors held positions by with 82,622,564 shares. The mentioned changes placed institutional holdings at 105,521,740 shares, according to the latest SEC report filing. INN stock had 22 new institutional investments in for a total of 512,217 shares, while 54 institutional investors sold positions of 6,576,029 shares during the same period.