Summit Hotel Properties Inc (NYSE:INN) shares, rose in value on Friday, March 07, with the stock price up by 2.79% to the previous day’s close as strong demand from buyers drove the stock to $6.63.
Actively observing the price movement in the last trading, the stock closed the session at $6.45. The PE ratio was 45.01 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 1.22% over the past month.
With the market capitalization of Summit Hotel Properties Inc currently standing at about $833.49 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 4.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 752.83M, with a low estimate of 183.07M and a high estimate of 186.64M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 184.92M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 75% 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 2.13% and -0.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.46, while the 7-day volatility ratio is showing 2.44% which for the 30-day chart, stands at 2.36%. Furthermore, Summit Hotel Properties Inc (INN)’s beta value is 1.73, and its average true range (ATR) is 0.16.
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 2.79% in last session, and over the past year, it grew by 4.57%%.
Data on historical trading for Summit Hotel Properties Inc (NYSE:INN) indicates that the trading volumes over the past 3 months, they’ve averaged 681.19K. According to company’s latest data on outstanding shares, there are 108.44 million shares outstanding.
Nearly 3.47% of Summit Hotel Properties Inc’s shares belong to company insiders and institutional investors own 92.31% of the company’s shares. The stock has fallen by -3.21% 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.
