Summit Hotel Properties Stock Price on June 12, 2024
| INN Stock | USD 6.96 0.07 1.02% |
Below is the normalized historical share price chart for Summit Hotel Properties extending back to February 09, 2011. 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 Hotel stands at 6.96, as last reported on the 28th of December, with the highest price reaching 6.97 and the lowest price hitting 6.84 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. As of now, Summit Stock is somewhat reliable. Summit Hotel Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0316, which indicates the firm had a 0.0316% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Hotel Properties, which you can use to evaluate the volatility of the company. Please validate Summit Hotel's Coefficient Of Variation of 6131.83, risk adjusted performance of 0.019, and Semi Deviation of 1.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.0638%.
Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of February 2011 | 200 Day MA 6.3453 | 50 Day MA 6.5094 | Beta 2.054 |
Summit |
Sharpe Ratio = 0.0316
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Summit Hotel is performing at about 2% 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 Hotel by adding it to a well-diversified portfolio.
Price Book 0.8066 | Enterprise Value Ebitda 8.0553 | Price Sales 0.9984 | Shares Float 105.1 M | Dividend Share 0.28 |
Summit Hotel Valuation on June 12, 2024
It is possible to determine the worth of Summit Hotel on a given historical date. On June 12, 2024 Summit was worth 5.9 at the beginning of the trading date compared to the closed value of 5.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Hotel stock. Still, in general, we apply an absolute valuation method to find Summit Hotel'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 Hotel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Hotel's related companies.
| Open | High | Low | Close | Volume | |
| 5.82 | 5.84 | 5.73 | 5.73 | 706,423 | |
06/12/2024 | 5.90 | 5.99 | 5.76 | 5.79 | 1,075,578 |
| 5.80 | 5.84 | 5.72 | 5.75 | 622,150 |
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Summit Hotel Trading Date Momentum on June 12, 2024
| On June 13 2024 Summit Hotel Properties was traded for 5.75 at the closing time. Highest Summit Hotel's price during the trading hours was 5.84 and the lowest price during the day was 5.72 . The net volume was 622.1 K. The overall trading history on the 13th of June 2024 contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.69% . The trading price change to current price is 1.04% . |
Summit Hotel Properties Fundamentals Correlations and Trends
By evaluating Summit Hotel'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 Hotel'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 Hotel Stock history
Summit Hotel 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 Hotel Properties 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 Hotel stock prices may prove useful in developing a viable investing in Summit Hotel
Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Companys portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states. Summit Hotel operates under REITHotel Motel classification in the United States and is traded on New York Stock Exchange. It employs 63 people.
Summit Hotel Stock Technical Analysis
Summit Hotel 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 Hotel Period Price Range
Low | December 28, 2024
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0.00 | 0.00 |
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Summit Hotel December 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Hotel 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 Hotel shares will generate the highest return on investment. By undertsting and applying Summit Hotel stock market strength indicators, traders can identify Summit Hotel Properties entry and exit signals to maximize returns
Summit Hotel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Hotel'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 | 0.019 | |||
| Jensen Alpha | 0.0228 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 3.0E-4 | |||
| Treynor Ratio | (3.15) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Hotel & Resort REITs 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 Hotel. 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 Hotel 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 (0.79) | Dividend Share 0.28 | Earnings Share 0.05 | Revenue Per Share 6.957 | Quarterly Revenue Growth (0.03) |
The market value of Summit Hotel Properties 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 Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel'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 Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel'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 Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel'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.