Summit Materials Stock Price on November 14, 2024
| SUM Stock | USD 51.16 2.76 5.70% |
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 51.16, as last reported on the 21st of November, with the highest price reaching 53.49 and the lowest price hitting 48.21 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 appears to be very steady, given 3 months investment horizon. Summit Materials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Materials, which you can use to evaluate the volatility of the company. Please review Summit Materials' Coefficient Of Variation of 610.24, semi deviation of 1.79, and Risk Adjusted Performance of 0.1301 to confirm if our risk estimates are consistent with your expectations.
At this time, Summit Materials' Other Stockholder Equity is very stable compared to the past year. As of the 21st of November 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 21st of November 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 40.1946 | 50 Day MA 42.2406 | Beta 1.142 |
Summit |
Sharpe Ratio = 0.1693
| Best Portfolio | Best Equity | |||
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| Small Returns | SUM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.35 actual daily | 20 80% of assets are more volatile |
Expected Return
| 0.4 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Summit Materials is performing at about 13% 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 Materials by adding it to a well-diversified portfolio.
Price Book 1.9114 | Enterprise Value Ebitda 13.0606 | Price Sales 2.2637 | Shares Float 119.8 M | Wall Street Target Price 52.5493 |
Related Headline
United States Headline on 14th of November 2024
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Summit Materials Valuation on November 14, 2024
It is possible to determine the worth of Summit Materials on a given historical date. On November 14, 2024 Summit was worth 49.0 at the beginning of the trading date compared to the closed value of 48.53. 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 | |
| 49.18 | 49.49 | 48.47 | 48.68 | 3,489,250 | |
11/14/2024 | 49.00 | 49.30 | 48.01 | 48.53 | 836,470 |
| 48.52 | 48.80 | 47.89 | 48.43 | 1,085,651 |
| Backtest Summit Materials | | | Summit Materials History | | | Summit Materials Valuation | Previous | Next |
Summit Materials Trading Date Momentum on November 14, 2024
| On November 15 2024 Summit Materials was traded for 48.43 at the closing time. Highest Summit Materials's price during the trading hours was 48.80 and the lowest price during the day was 47.89 . The net volume was 1.1 M. The overall trading history on the 15th of November 2024 contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.21% . The trading price change to current price is 0.27% . |
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 | November 21, 2024
| High |
0.00 | 0.00 |
Summit Materials cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Summit Materials November 21, 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 | 0.1301 | |||
| Jensen Alpha | 0.2236 | |||
| Total Risk Alpha | 0.1033 | |||
| Sortino Ratio | 0.125 | |||
| Treynor Ratio | 0.2279 |
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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 closely tied 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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 (0.69) | Earnings Share 0.85 | Revenue Per Share 23.53 | Quarterly Revenue Growth 0.474 | Return On Assets 0.0464 |
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.