Summit Materials Stock Price on May 6, 2024
| SUM Stock | USD 37.74 0.69 1.80% |
Below is the normalized historical share price chart for Summit Materials extending back to March 12, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Summit Materials stands at 37.74, as last reported on the 5th of June, with the highest price reaching 38.38 and the lowest price hitting 37.31 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Summit Materials exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summit Materials' Variance of 2.39, risk adjusted performance of (0.07), and Coefficient Of Variation of (801.63) to confirm the risk estimate we provide.
At this time, Summit Materials' Other Stockholder Equity is very stable compared to the past year. As of the 5th of June 2024, Capital Stock is likely to grow to about 1.3 M, while Total Stockholder Equity is likely to drop about 1.3 B. . As of the 5th of June 2024, Price To Sales Ratio is likely to drop to 0.82. In addition to that, Price Earnings Ratio is likely to drop to 9.24. Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of March 2015 | 200 Day MA 37.2846 | 50 Day MA 40.5396 | Beta 1.342 |
Summit |
Sharpe Ratio = -0.1354
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SUM |
Estimated Market Risk
| 1.56 actual daily | 13 87% of assets are more volatile |
Expected Return
| -0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Summit Materials is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Materials by adding Summit Materials to a well-diversified portfolio.
Price Book 3.1204 | Enterprise Value Ebitda 12.456 | Price Sales 2.7482 | Shares Float 119.7 M | Wall Street Target Price 50.98 |
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Summit Materials Valuation on May 6, 2024
It is possible to determine the worth of Summit Materials on a given historical date. On May 6, 2024 Summit was worth 39.93 at the beginning of the trading date compared to the closed value of 40.31. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Materials stock. Still, in general, we apply an absolute valuation method to find Summit Materials' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Summit Materials where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Materials' related companies.
| Open | High | Low | Close | Volume | |
| 39.67 | 40.32 | 39.27 | 39.46 | 1,489,451 | |
05/06/2024 | 39.93 | 40.49 | 39.57 | 40.31 | 1,102,937 |
| 40.39 | 40.56 | 39.96 | 40.47 | 774,189 |
| Backtest Summit Materials | | | Summit Materials History | | | Summit Materials Valuation | Previous | Next |
Summit Materials Trading Date Momentum on May 6, 2024
| On May 07 2024 Summit Materials was traded for 40.47 at the closing time. Highest Summit Materials's price during the trading hours was 40.56 and the lowest price during the day was 39.96 . The net volume was 774.2 K. The overall trading history on the 7th of May contributed to the next trading period price boost. The trading price change to the next next day price was 0.40% . The trading price change to current price is 3.85% . |
Summit Materials Fundamentals Correlations and Trends
By evaluating Summit Materials' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Summit Materials' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Summit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Summit Materials Stock history
Summit Materials investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Summit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Summit Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Summit Materials stock prices may prove useful in developing a viable investing in Summit Materials
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 119.8 M | 91.5 M | |
| Net Income Applicable To Common Shares | 313 M | 328.6 M |
Summit Materials Quarterly Net Working Capital |
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Summit Materials Stock Technical Analysis
Summit Materials technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Summit Materials Period Price Range
Low | May 6, 2024
| High |
39.93 | 40.31 |
Summit Materials June 5, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Materials stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Materials shares will generate the highest return on investment. By undertsting and applying Summit Materials stock market strength indicators, traders can identify Summit Materials entry and exit signals to maximize returns
Summit Materials Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Materials' price direction in advance. Along with the technical and fundamental analysis of Summit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Summit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.12) |
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Additional Information and Resources on Investing in Summit Stock
When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Is Construction Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Materials. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share 2.25 | Revenue Per Share 22.773 | Quarterly Revenue Growth 0.849 | Return On Assets 0.0366 |
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.