Summit Materials Stock Short Ratio
| SUM Stock | USD 38.47 0.56 1.43% |
Summit Materials fundamentals help investors to digest information that contributes to Summit Materials' financial success or failures. It also enables traders to predict the movement of Summit Stock. The fundamental analysis module provides a way to measure Summit Materials' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Summit Materials stock.
Summit | Short Ratio |
Summit Materials Company Short Ratio Analysis
Summit Materials' Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current Summit Materials Short Ratio | 3.63 X |
Most of Summit Materials' fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Summit Materials is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Summit Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Summit Materials is extremely important. It helps to project a fair market value of Summit Stock properly, considering its historical fundamentals such as Short Ratio. Since Summit Materials' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Summit Materials' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Summit Materials' interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Summit Discontinued Operations
Discontinued Operations |
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Based on the latest financial disclosure, Summit Materials has a Short Ratio of 3.63 times. This is 9.25% lower than that of the Construction Materials sector and 37.95% lower than that of the Materials industry. The short ratio for all United States stocks is 9.25% higher than that of the company.
Summit Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Summit Materials' direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics of similar companies.Summit Materials is currently under evaluation in short ratio category among related companies.
Summit Materials Institutional Holders
Institutional Holdings refers to the ownership stake in Summit Materials that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Summit Materials' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Summit Materials' value.| Shares | Clearbridge Advisors, Llc | 2023-12-31 | 3.2 M | Fmr Inc | 2023-12-31 | 2.8 M | State Street Corporation | 2023-12-31 | 2.7 M | Geode Capital Management, Llc | 2023-12-31 | 2.5 M | Nuveen Asset Management, Llc | 2023-12-31 | 2.2 M | Ameriprise Financial Inc | 2023-12-31 | 1.8 M | River Road Asset Management, Llc | 2023-12-31 | 1.7 M | Northern Trust Corp | 2023-12-31 | 1.5 M | Charles Schwab Investment Management Inc | 2023-12-31 | 1.4 M | Vanguard Group Inc | 2023-12-31 | 12 M | Blackrock Inc | 2023-12-31 | 11.4 M |
Summit Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0438 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.11 % | ||||
| Current Valuation | 8.78 B | ||||
| Shares Outstanding | 175.45 M | ||||
| Shares Owned By Insiders | 31.95 % | ||||
| Shares Owned By Institutions | 69.49 % | ||||
| Number Of Shares Shorted | 4.16 M | ||||
| Price To Earning | 25.03 X | ||||
| Price To Book | 3.12 X | ||||
| Price To Sales | 2.75 X | ||||
| Revenue | 2.62 B | ||||
| Gross Profit | 649.35 M | ||||
| EBITDA | 546.7 M | ||||
| Net Income | 285.86 M | ||||
| Cash And Equivalents | 520.45 M | ||||
| Cash Per Share | 3.93 X | ||||
| Total Debt | 2.33 B | ||||
| Debt To Equity | 0.81 % | ||||
| Current Ratio | 3.17 X | ||||
| Book Value Per Share | 19.30 X | ||||
| Cash Flow From Operations | 438.86 M | ||||
| Short Ratio | 3.63 X | ||||
| Earnings Per Share | 2.39 X | ||||
| Price To Earnings To Growth | 1.44 X | ||||
| Target Price | 48.8 | ||||
| Number Of Employees | 5.3 K | ||||
| Beta | 1.32 | ||||
| Market Capitalization | 6.75 B | ||||
| Total Asset | 5.15 B | ||||
| Retained Earnings | 876.75 M | ||||
| Working Capital | 1.41 B | ||||
| Current Asset | 472.53 M | ||||
| Current Liabilities | 214.5 M | ||||
| Net Asset | 5.15 B |
About Summit Materials Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Summit Materials's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Materials based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Summit Materials Investors Sentiment
The influence of Summit Materials' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Summit. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Summit Materials' public news can be used to forecast risks associated with an investment in Summit. The trend in average sentiment can be used to explain how an investor holding Summit can time the market purely based on public headlines and social activities around Summit Materials. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Summit Materials' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Summit Materials' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Summit Materials' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Summit Materials.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Summit Materials in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Summit Materials' short interest history, or implied volatility extrapolated from Summit Materials options trading.
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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 Summit Materials Piotroski F Score and Summit Materials Altman Z Score analysis. To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.
Complementary Tools for Summit Stock analysis
When running Summit Materials' price analysis, check to measure Summit Materials' 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 Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' 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 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 2.39 | Revenue Per Share 22.004 | Quarterly Revenue Growth 0.195 | Return On Assets 0.0438 |
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.