Nothing is Better Than Summit Hotel Properties Inc (INN) stock at the moment

With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.76 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $6.51 whereas the lowest price it dropped to was $6.375. The 52-week range on INN shows that it touched its highest point at $7.22 and its lowest point at $5.66 during that stretch. It currently has a 1-year price target of $7.50. With its current market cap of 795.91 million, INN has annualized dividend of $0.28 while the current yield stands at 4.37%. Beta for the stock currently stands at 2.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INN was up-trending over the past week, with a rise of 4.58%, but this was down by -3.03% over a month. Three-month performance surged to 0.95% while six-month performance rose 4.58%. The stock gained 4.07% in the past year, while it has lost -4.76% so far this year. A look at the trailing 12-month EPS for INN yields 0.01 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.08. This implies an EPS growth rate of 144.44% for this year and -241.67% for next year.

Float and Shares Shorts:

At present, 107.59 million INN shares are outstanding with a float of 105.05 million shares on hand for trading. On 2024-10-15, short shares totaled 4.7 million, which was 434.0 higher than short shares on 1726185600. In addition to Mr. Jonathan P. Stanner as the firm’s President, CEO & Director, Mr. William H. Conkling serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.91432 of INN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, INN reported revenue of $176807000.0 and operating income of $15743000.0. The EBITDA in the recently reported quarter was $53900000.0 and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INN since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INN analysts setting a high price target of 9.0 and a low target of 6.0, the average target price over the next 12 months is 7.5. Based on these targets, INN could surge 40.62% to reach the target high and fall by -6.25% to reach the target low. Reaching the average price target will result in a growth of 17.19% from current levels.

Analysts have provided yearly estimates in a range of $0.13787 being high and $0.13213 being low. For INN, this leads to a yearly average estimate of $0.135. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is -$0.03 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.03.