Summit Midstream Partners Stock Price on February 8, 2024
| SMLP Stock | USD 28.91 0.08 0.28% |
Below is the normalized historical share price chart for Summit Midstream Partners extending back to September 28, 2012. 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 Midstream stands at 28.91, as last reported on the 30th of April, with the highest price reaching 29.19 and the lowest price hitting 28.71 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. Summit Midstream is not too volatile given 3 months investment horizon. Summit Midstream Partners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the firm had a 0.19% return per unit of risk over the last 3 months. We were able to break down and interpolate twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Summit Midstream Partners Coefficient Of Variation of 553.69, risk adjusted performance of 0.1216, and Semi Deviation of 1.7 to evaluate company specific risk that cannot be diversified away.
At this time, Summit Midstream's Preferred Stock Total Equity is relatively stable compared to the past year. As of 04/30/2024, Common Stock is likely to grow to about 740.5 M, while Liabilities And Stockholders Equity is likely to drop slightly above 1.9 B. . As of 04/30/2024, Price To Sales Ratio is likely to drop to 0.38. In addition to that, Price Earnings Ratio is likely to grow to -4.51. Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 28th of September 2012 | 200 Day MA 18.4131 | 50 Day MA 23.6312 | Beta 2.412 |
Summit |
Sharpe Ratio = 0.1875
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Estimated Market Risk
| 5.72 actual daily | 50 50% of assets are less volatile |
Expected Return
| 1.07 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Summit Midstream is performing at about 14% of its full potential. 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 Midstream by adding it to a well-diversified portfolio.
Price Book 0.4118 | Enterprise Value Ebitda 9.1262 | Price Sales 0.6435 | Shares Float 9 M | Wall Street Target Price 22 |
Summit Midstream Valuation on February 8, 2024
It is possible to determine the worth of Summit Midstream on a given historical date. On February 8, 2024 Summit was worth 16.73 at the beginning of the trading date compared to the closed value of 16.86. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Midstream stock. Still, in general, we apply an absolute valuation method to find Summit Midstream'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 Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Midstream's related companies.
| Open | High | Low | Close | Volume | |
| 16.53 | 16.78 | 16.44 | 16.59 | 2,610 | |
02/08/2024 | 16.73 | 17.02 | 16.40 | 16.86 | 10,475 |
| 16.60 | 16.84 | 16.60 | 16.84 | 16,708 |
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Summit Midstream Trading Date Momentum on February 8, 2024
| On February 09 2024 Summit Midstream Partners was traded for 16.84 at the closing time. The top price for the day was 16.84 and the lowest listed price was 16.60 . The trading volume for the day was 16.7 K. The trading history from February 9, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.12% . The trading price change against the current closing price is 2.43% . |
Summit Midstream Partners Fundamentals Correlations and Trends
By evaluating Summit Midstream'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 Midstream'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 Midstream Stock history
Summit Midstream 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 Midstream Partners 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 Midstream stock prices may prove useful in developing a viable investing in Summit Midstream
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 6.7 M | |
| Net Loss | -126.5 M | -120.2 M |
Summit Midstream Stock Technical Analysis
Summit Midstream 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 Midstream Period Price Range
Low | February 8, 2024
| High |
16.73 | 16.86 |
Summit Midstream April 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Midstream 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 Midstream shares will generate the highest return on investment. By undertsting and applying Summit Midstream stock market strength indicators, traders can identify Summit Midstream Partners entry and exit signals to maximize returns
Summit Midstream Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Midstream'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 | 0.1216 | |||
| Jensen Alpha | 0.9621 | |||
| Total Risk Alpha | 0.2885 | |||
| Sortino Ratio | 0.3801 | |||
| Treynor Ratio | 2.41 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Midstream Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Summit Stock analysis
When running Summit Midstream's price analysis, check to measure Summit Midstream'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 Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream'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 Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Summit Midstream'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 Midstream. 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 Midstream 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 10 | Earnings Share (6.11) | Revenue Per Share 44.498 | Quarterly Revenue Growth 0.48 | Return On Assets 0.02 |
The market value of Summit Midstream Partners 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream'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 Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream'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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream'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.