Sterlings Stock Rallies 44 percent in a Year Good Time to Buy STRL?
| SUMDelisted Stock | USD 52.49 0.10 0.19% |
About 55% of Summit Materials' investor base is interested to short. The analysis of current outlook of investing in Summit Materials suggests that many traders are impartial regarding Summit Materials' prospects. Summit Materials' investing sentiment overview a quick insight into current market opportunities from investing in Summit Materials. Many technical investors use Summit Materials stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Summit |
Lets check whether STRL stock is worth buying post solid second-quarter 2024 performance.
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Summit Materials Fundamental Analysis
We analyze Summit Materials' 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.
Price To Earning
Price To Earning Comparative Analysis
Summit Materials is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Summit Materials Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Materials stock to make a market-neutral strategy. 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 with similar companies.
Peers
Summit Materials Related Equities
| MCEM | Monarch Cement | 1.62 | ||||
| USLM | United States | 0.07 | ||||
| MLM | Martin Marietta | 0.00 | ||||
| VMC | Vulcan Materials | 0.00 | ||||
| EXP | Eagle Materials | 0.00 | ||||
| CRH | CRH PLC | 0.00 | ||||
| LOMA | Loma Negra | 0.91 | ||||
| CPAC | Cementos Pacasmayo | 1.05 | ||||
| JHX | James Hardie | 3.48 |
Check out World Market Map to better understand how to build diversified portfolios. 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. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Materials check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Materials' history and understand the potential risks before investing.
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