Summit Hotel Properties Stock Price on April 25, 2024
| INN Stock | USD 6.06 0.06 0.98% |
Below is the normalized historical share price chart for Summit Hotel Properties extending back to February 09, 2011. 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 Hotel stands at 6.06, as last reported on the 11th of May 2024, with the highest price reaching 6.12 and the lowest price hitting 6.03 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. Summit Hotel Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0559, which indicates the firm had a -0.0559% return per unit of risk over the last 3 months. Summit Hotel Properties exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summit Hotel's Coefficient Of Variation of (3,754), risk adjusted performance of (0.01), and Variance of 3.55 to confirm the risk estimate we provide.
At this time, Summit Hotel's Common Stock Shares Outstanding is very stable compared to the past year. As of the 11th of May 2024, Capital Stock is likely to grow to about 1.3 M, while Total Stockholder Equity is likely to drop about 776.1 M. . At this time, Summit Hotel's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 11th of May 2024, Price To Free Cash Flows Ratio is likely to grow to 13.64, while Price To Sales Ratio is likely to drop 0.92. Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of February 2011 | 200 Day MA 6.2009 | 50 Day MA 6.3252 | Beta 1.952 |
Summit |
Sharpe Ratio = -0.0559
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Estimated Market Risk
| 1.9 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Summit Hotel 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 Hotel by adding Summit Hotel to a well-diversified portfolio.
Price Book 0.7676 | Enterprise Value Ebitda 9.9722 | Price Sales 0.95 | Shares Float 105 M | Dividend Share 0.24 |
Summit Hotel Valuation on April 25, 2024
It is possible to determine the worth of Summit Hotel on a given historical date. On April 25, 2024 Summit was worth 6.21 at the beginning of the trading date compared to the closed value of 6.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Hotel stock. Still, in general, we apply an absolute valuation method to find Summit Hotel's 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 Hotel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Hotel's related companies.
| Open | High | Low | Close | Volume | |
| 6.32 | 6.36 | 6.25 | 6.27 | 510,427 | |
04/25/2024 | 6.21 | 6.25 | 6.06 | 6.07 | 909,511 |
| 6.12 | 6.18 | 6.08 | 6.13 | 427,837 |
| Backtest Summit Hotel | | | Summit Hotel History | | | Summit Hotel Valuation | Previous | Next |
Summit Hotel Trading Date Momentum on April 25, 2024
| On April 26 2024 Summit Hotel Properties was traded for 6.13 at the closing time. Highest Summit Hotel's price during the trading hours was 6.18 and the lowest price during the day was 6.08 . The net volume was 427.8 K. The overall trading history on the 26th of April contributed to the next trading period price boost. The trading delta at closing time to the next next day price was 0.99% . The trading price change to current price is 3.62% . |
Summit Hotel Properties Fundamentals Correlations and Trends
By evaluating Summit Hotel's 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 Hotel's 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 Hotel Stock history
Summit Hotel 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 Hotel Properties 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 Hotel stock prices may prove useful in developing a viable investing in Summit Hotel
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 105.5 M | 144 M | |
| Net Loss | -15.2 M | -14.5 M |
Summit Hotel Stock Technical Analysis
Summit Hotel 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 Hotel Period Price Range
Low | April 25, 2024
| High |
6.21 | 6.07 |
Summit Hotel May 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Hotel 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 Hotel shares will generate the highest return on investment. By undertsting and applying Summit Hotel stock market strength indicators, traders can identify Summit Hotel Properties entry and exit signals to maximize returns
| Accumulation Distribution | 27649.13 | |||
| Daily Balance Of Power | (0.74) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 6.15 | |||
| Day Typical Price | 6.13 | |||
| Price Action Indicator | (0.15) | |||
| Period Momentum Indicator | (0.01) |
Summit Hotel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Hotel's 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 | (0.01) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.07) |
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| Volume Indicators |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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When running Summit Hotel's price analysis, check to measure Summit Hotel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Hotel is operating at the current time. Most of Summit Hotel's value examination focuses on studying past and present price action to predict the probability of Summit Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Hotel's price. Additionally, you may evaluate how the addition of Summit Hotel to your portfolios can decrease your overall portfolio volatility.
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Is Summit Hotel's industry 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.