Summit Hotel Properties Preferred Stock Price on August 31, 2023

INN-PF Preferred Stock  USD 20.81  0.01  0.05%   
If you're considering investing in Summit Preferred Stock, it is important to understand the factors that can impact its price. As of today, the current price of Summit Hotel stands at 20.81, as last reported on the 7th of January, with the highest price reaching 20.81 and the lowest price hitting 20.81 during the day. Summit Hotel Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0093, which indicates the firm had a -0.0093% return per unit of risk over the last 3 months. Summit Hotel Properties exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Summit Hotel's Semi Deviation of 1.27, risk adjusted performance of 0.0235, and Coefficient Of Variation of 4194.83 to confirm the risk estimate we provide.
  
Summit Preferred Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0093

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Estimated Market Risk

 1.37
  actual daily
12
88% of assets are more volatile

Expected Return

 -0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Summit Hotel is not performing at its full potential. However, 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 Summit Hotel to a well-diversified portfolio.

Summit Hotel Main Headline on 31st of August 2023

Summit Hotel Properties dividend paid on 31st of August 2023

Summit Hotel Valuation on August 31, 2023

It is possible to determine the worth of Summit Hotel on a given historical date. On August 31, 2023 Summit was worth 16.5 at the beginning of the trading date compared to the closed value of 16.92. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Hotel preferred 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
  16.67    17.03    16.40    16.97    9,827  
08/31/2023
  16.50    17.24    16.49    16.92    5,558  
  16.92    17.08    16.92    17.08    3,360  
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Open Value
16.5
16.92
Closing Value
20.60
Upside

Summit Hotel Trading Date Momentum on August 31, 2023

On September 01 2023 Summit Hotel Properties was traded for  17.08  at the closing time. The maximum traded price for the trading interval was 17.08  and the lowest daily price was  16.92 . The daily volume was recorded at 3.4 K. The volume of trading on 1st of September 2023 played a part in the next trading day price rise. The trading delta at closing time to the next closing price was 0.95% . The trading price change to the closing price today is 0.12% .

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 Preferred 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 Preferred Stock Technical Analysis

Summit Hotel technical preferred 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, preferred stock market cycles, or different charting patterns.
A focus of Summit Hotel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Summit Hotel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Summit Hotel Period Price Range

Low
January 7, 2025
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High

 0.00 

     

 0.00 

Summit Hotel Properties cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 Hotel January 7, 2025 Market Strength

Market strength indicators help investors to evaluate how Summit Hotel preferred 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 preferred 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 Preferred 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.

Complementary Tools for Summit Preferred Stock analysis

When running Summit Hotel's price analysis, check to measure Summit Hotel's 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 Hotel is operating at the current time. Most of Summit Hotel's value examination focuses on studying past and present price action to predict the probability of Summit Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Hotel's price. Additionally, you may evaluate how the addition of Summit Hotel to your portfolios can decrease your overall portfolio volatility.
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