At the end of the latest market close, Summit Materials Inc. (SUM) was valued at $15.00. In that particular session, Stock kicked-off at the price of $15.39 while reaching the peak value of $15.61 and lowest value recorded on the day was $14.95. The stock current value is $15.08.
Recently in News on July 27, 2020, Summit Materials Announces Pricing of $700 Million of 5.25% Senior Notes Due 2029. Summit Materials, Inc. (NYSE: SUM, “Summit”) announced today that its indirect subsidiaries Summit Materials, LLC and Summit Materials Finance Corp. (the “Issuers”, and, together with Summit, the “Company”) finalized the terms of the previously announced offering of $700.0 million aggregate principal amount of Senior Notes due 2029 (the “notes”). Summit anticipates that consummation of the offering will occur on August 11, 2020, subject to customary closing conditions. The Company intends to use the proceeds from the offering to redeem all $650.0 million in aggregate principal amount of its outstanding 6.125% Senior Notes due 2023 (the “2023 Notes”) and to pay fees and expenses incurred in connection with the offering and the redemption of the 2023 Notes. Any remaining net proceeds will be used for general corporate purposes, including to finance acquisitions. You can read further details here
Summit Materials Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.18 on 02/05/20, with the lowest value was $7.51 for the same time period, recorded on 03/23/20.
Summit Materials Inc. (SUM) full year performance was -29.57%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Summit Materials Inc. shares are logging -40.21% during the 52-week period from high price, and 100.80% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.51 and $25.22.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 1345306 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Summit Materials Inc. (SUM) recorded performance in the market was -36.90%, having the revenues showcasing -16.08% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.71B, as it employees total of 6000 workers.
Summit Materials Inc. (SUM) in the eye of market guru’s
During the last month, 11 analysts gave the Summit Materials Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 15.45, with a change in the price was noted +1.56. In a similar fashion, Summit Materials Inc. posted a movement of +11.54% for the period of last 100 days, recording 1,205,087 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SUM is recording 1.30 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.28.
Summit Materials Inc. (SUM): Stocks Technical analysis and Trends
Raw Stochastic average of Summit Materials Inc. in the period of last 50 days is set at 15.52%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 12.24%. In the last 20 days, the company’s Stochastic %K was 16.07% and its Stochastic %D was recorded 15.80%.
If we look into the earlier routines of Summit Materials Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -36.90%. Additionally, trading for the stock in the period of the last six months notably improved by 5.90%, alongside a downfall of -29.57% for the period of the last 12 months. The shares increased approximately by -2.65% in the 7-day charts and went up by -7.60% in the period of the last 30 days. Common stock shares were lifted by -16.08% during last recorded quarter.