Eagle Asset Management Inc. Trims Stock Position in Summit Materials, Inc. - MarketBeat
| 7SU Stock | 48.20 0.20 0.41% |
Slightly above 56% of Summit Materials' investor base is looking to short. The analysis of current outlook of investing in Summit Materials suggests that many traders are alarmed regarding Summit Materials' prospects. Summit Materials' investing sentiment can be driven by a variety of factors including economic data, Summit Materials' earnings reports, geopolitical events, and overall market trends.
Summit |
Eagle Asset Management Inc. Trims Stock Position in Summit Materials, Inc. MarketBeat
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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.
Total Debt
Total Debt Comparative Analysis
Summit Materials is currently under evaluation in total debt category among its peers. Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
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
| XXA1 | Axcelis Technologies | 2.35 | ||||
| 6B0 | SOFI TECHNOLOGIES | 1.10 | ||||
| PIK | PICKN PAY | 0.66 | ||||
| HNM | ORMAT TECHNOLOGIES | 0.10 | ||||
| PL8 | Playtech Plc | 0.35 | ||||
| 8BJ | BJs Wholesale | 1.09 |
Additional Tools for Summit Stock Analysis
When running Summit Materials' price analysis, check to measure Summit Materials' 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 Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.