Summit Hotel Properties Inc (NYSE:INN) shares, rose in value on Friday, January 03, with the stock price up by 0.30% to the previous day’s close as strong demand from buyers drove the stock to $6.78.
Actively observing the price movement in the last trading, the stock closed the session at $6.76, falling within a range of $6.695 and $6.795. The value of beta (5-year monthly) was 2.054 whereas the PE ratio was 627.78 over 12-month period. Referring to stock’s 52-week performance, its high was $7.22, and the low was $5.66. On the whole, INN has fluctuated by -2.87% over the past month.
With the market capitalization of Summit Hotel Properties Inc currently standing at about $843.17 million, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 4.42%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that INN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of INN currently trading nearly -0.34% and 3.66% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.21, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.45%. Furthermore, Summit Hotel Properties Inc (INN)’s beta value is 2.02, and its average true range (ATR) is 0.17.
A comparison of Summit Hotel Properties Inc (INN) with its peers suggests the former has fared considerably weaker in the market. INN showed an intraday change of 0.30% in last session, and over the past year, it grew by 1.04%%.
Data on historical trading for Summit Hotel Properties Inc (NYSE:INN) indicates that the trading volumes over the past 10 days have averaged 0.94 and over the past 3 months, they’ve averaged 731.63K. According to company’s latest data on outstanding shares, there are 108.45 million shares outstanding.
Nearly 3.03% of Summit Hotel Properties Inc’s shares belong to company insiders and institutional investors own 92.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.48 million shares as on 2024-12-13, resulting in a short ratio of 5.33. According to the data, the short interest in Summit Hotel Properties Inc (INN) stood at 501.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.03 million. The stock has fallen by -1.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the INN stock heading into the next quarter.
