Summit Materials Stock Price on December 24, 2024

SUM Stock  USD 50.64  0.05  0.1%   
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 50.64, as last reported on the 25th of December, with the highest price reaching 50.69 and the lowest price hitting 50.51 during the day.
IPO Date
12th of March 2015
200 Day MA
41.2972
50 Day MA
47.7732
Beta
1.142
 
Yuan Drop
 
Covid
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 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Summit Materials, which you can use to evaluate the volatility of the company. Please review Summit Materials' Coefficient Of Variation of 460.79, semi deviation of 0.8453, and Risk Adjusted Performance of 0.1793 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 25th of December 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 25th of December 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.

Sharpe Ratio = 0.2188

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Estimated Market Risk

 1.94
  actual daily
17
83% of assets are more volatile

Expected Return

 0.43
  actual daily
8
92% of assets have higher returns

Risk-Adjusted Return

 0.22
  actual daily
17
83% of assets perform better
Based on monthly moving average Summit Materials is performing at about 17% 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
1.9979
Enterprise Value Ebitda
13.5324
Price Sales
2.3662
Shares Float
119.8 M
Wall Street Target Price
51.6723

Summit Materials Valuation on December 24, 2024

It is possible to determine the worth of Summit Materials on a given historical date. On December 24, 2024 Summit was worth 50.58 at the beginning of the trading date compared to the closed value of 50.64. 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
  50.55    50.75    50.53    50.59    2,027,938  
12/24/2024
  50.58    50.69    50.51    50.64    1,495,508  
Backtest Summit Materials  |  Summit Materials History  |  Summit Materials Valuation   Previous
Open Value
50.58
50.64
Closing Value
56.41
Upside

Summit Materials Trading Date Momentum on December 24, 2024

On December 24 2024 Summit Materials was traded for  50.64  at the closing time. Highest Summit Materials's price during the trading hours was 50.69  and the lowest price during the day was  50.51 . The net volume was 1.5 M. The overall trading history on the 24th of December did not result in any price rise and fall. The trading price change to current price is 0.12% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding119.8 M91.5 M
Net Income Applicable To Common Shares313 M328.6 M

Summit Materials Quarterly Net Working Capital

1.16 Billion

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.
A focus of Summit Materials technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Summit Materials 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 Materials Period Price Range

Low
December 25, 2024
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High

 0.00 

     

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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 December 25, 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.
When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:
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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.