Summit Hotel Properties Stock Probability of Future Stock Price Finishing Over 6.07
| INN Stock | USD 6.18 0.01 0.16% |
Closest to current price Summit long CALL Option Payoff at Expiration
Summit |
Summit Hotel Target Price Odds to finish over 6.07
The tendency of Summit Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 6.07 in 90 days |
| 6.18 | 90 days | 6.07 | about 77.78 |
Based on a normal probability distribution, the odds of Summit Hotel to stay above $ 6.07 in 90 days from now is about 77.78 (This Summit Hotel Properties probability density function shows the probability of Summit Stock to fall within a particular range of prices over 90 days) . Probability of Summit Hotel Properties price to stay between $ 6.07 and its current price of $6.18 at the end of the 90-day period is about 23.09 .
Considering the 90-day investment horizon Summit Hotel has a beta of 0.3. This usually indicates as returns on the market go up, Summit Hotel average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Summit Hotel Properties will be expected to be much smaller as well. Additionally Summit Hotel Properties has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Summit Hotel Price Density |
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Predictive Modules for Summit Hotel
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Summit Hotel Properties. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Summit Hotel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Summit Hotel Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Summit Hotel is not an exception. The market had few large corrections towards the Summit Hotel's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Summit Hotel Properties, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Summit Hotel within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.06 | |
β | Beta against NYSE Composite | 0.30 | |
σ | Overall volatility | 0.17 | |
Ir | Information ratio | -0.05 |
Summit Hotel Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Summit Hotel for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Summit Hotel Properties can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Summit Hotel generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 736.13 M. Reported Net Loss for the year was (9.49 M) with profit before taxes, overhead, and interest of 305.82 M. | |
| Over 93.0% of the company shares are owned by institutional investors | |
| On 31st of May 2024 Summit Hotel paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from prnewswire.com: SHAREHOLDER ALERT Purcell Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. |
Summit Hotel Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Summit Stock often depends not only on the future outlook of the current and potential Summit Hotel's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Summit Hotel's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 105.5 M | |
| Cash And Short Term Investments | 47.8 M |
Summit Hotel Technical Analysis
Summit Hotel's future price can be derived by breaking down and analyzing its technical indicators over time. Summit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Summit Hotel Properties. In general, you should focus on analyzing Summit Stock price patterns and their correlations with different microeconomic environments and drivers.
Summit Hotel Predictive Forecast Models
Summit Hotel's time-series forecasting models is one of many Summit Hotel's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Summit Hotel's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Summit Hotel Properties
Checking the ongoing alerts about Summit Hotel for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Summit Hotel Properties help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Summit Hotel generated a negative expected return over the last 90 days | |
| The company reported the last year's revenue of 736.13 M. Reported Net Loss for the year was (9.49 M) with profit before taxes, overhead, and interest of 305.82 M. | |
| Over 93.0% of the company shares are owned by institutional investors | |
| On 31st of May 2024 Summit Hotel paid $ 0.08 per share dividend to its current shareholders | |
| Latest headline from prnewswire.com: SHAREHOLDER ALERT Purcell Lefkowitz LLP Announces Shareholder Investigation of Summit Hotel Properties, Inc. |
Additional Information and Resources on Investing in Summit Stock
When determining whether Summit Hotel Properties offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Hotel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Hotel Properties Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Hotel Properties Stock:Check out Summit Hotel Backtesting, Summit Hotel Valuation, Summit Hotel Correlation, Summit Hotel Hype Analysis, Summit Hotel Volatility, Summit Hotel History as well as Summit Hotel Performance. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Is Hotel & Resort REITs 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 Hotel. 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 Hotel 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 (0.79) | Dividend Share 0.24 | Earnings Share (0.24) | Revenue Per Share 7.022 | Quarterly Revenue Growth 0.032 |
The market value of Summit Hotel Properties 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 Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's 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 Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's 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 Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's 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.