Summit Materials Inc [SUM] Is Currently 0.69 below its 200 Period Moving Avg: What Does This Mean?

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Summit Materials Inc [NYSE: SUM] closed the trading session at $50.95.

The stocks have a year to date performance of 0.69 percent and weekly performance of 0.61 percent. The stock has been moved at 40.82 percent over the last six months. The stock has performed 0.06 percent around the most recent 30 days and changed 36.60 percent over the most recent 3-months.

If compared to the average trading volume of 2.97M shares, SUM reached to a volume of 5243316 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Summit Materials Inc [SUM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SUM shares is $53.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SUM stock is a recommendation set at 2.50. 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.

Jefferies have made an estimate for Summit Materials Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 16, 2024. While these analysts kept the previous recommendation, Barclays raised their target price from $45 to $52. The new note on the price target was released on October 29, 2024, representing the official price target for Summit Materials Inc stock. Previously, the target price had yet another raise from $45 to $53, while RBC Capital Mkts kept a Outperform rating on SUM stock.

The Average True Range (ATR) for Summit Materials Inc is set at 0.44, with the Price to Sales ratio for SUM stock in the period of the last 12 months amounting to 2.39. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 4.20. Price to Free Cash Flow for SUM in the course of the last twelve months was 51.33 with Quick ratio for the last quarter at 2.48.

SUM stock trade performance evaluation

Summit Materials Inc [SUM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.61. With this latest performance, SUM shares gained by 0.06% in over the last four-week period, additionally plugging by 40.82% over the last 6 months – not to mention a rise of 33.13% 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 SUM stock in for the last two-week period is set at 64.40, with the RSI for the last a single of trading hit 65.78, and the three-weeks RSI is set at 64.55 for Summit Materials Inc [SUM]. The present Moving Average for the last 50 days of trading for this stock 49.20, while it was recorded at 50.67 for the last single week of trading, and 41.61 for the last 200 days.

Summit Materials Inc [SUM]: An insightful look at the core fundamentals

Summit Materials Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.48 and a Current Ratio set at 3.10.

Earnings per share (EPS) analysis for Summit Materials Inc [SUM] stock

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 SUM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Summit Materials Inc go to 15.10%.

Summit Materials Inc [SUM]: Institutional Ownership

There are presently around $71.14%, or 103.95%% of SUM stock, in the hands of institutional investors. The top three institutional holders of SUM stocks are: VANGUARD GROUP INC with ownership of 12.23 million shares, which is approximately 6.9658%. BLACKROCK INC., holding 10.27 million shares of the stock with an approximate value of $$376.13 million in SUM stocks shares; and BLACKROCK INC., currently with $$323.38 million in SUM stock with ownership which is approximately 5.0317%.