Summit Hotel Properties Inc (NYSE:INN) shares, rose in value, with the stock price up by 1.55% to the previous day’s close as strong demand from buyers drove the stock to $3.92.
Actively observing the price movement in the last trading, the stock closed the session at $3.86, falling within a range of $3.87 and $3.995. The value of beta (5-year monthly) was 1.78 whereas the PE ratio was 26.61 over 12-month period. Referring to stock’s 52-week performance, its high was $7.22, and the low was $3.57. On the whole, INN has fluctuated by -31.47% over the past month.
With the market capitalization of Summit Hotel Properties Inc currently standing at about $499.07 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 8.16%.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of INN currently trading nearly -16.76% and -30.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.96, while the 7-day volatility ratio is showing 4.63% which for the 30-day chart, stands at 6.71%. Furthermore, Summit Hotel Properties Inc (INN)’s beta value is 1.67, and its average true range (ATR) is 0.29.
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 1.55% in last session, and over the past year, it shrunk by -38.17%%.
Data on historical trading for Summit Hotel Properties Inc (NYSE:INN) indicates that the trading volumes over the past 10 days have averaged 1.45 and over the past 3 months, they’ve averaged 898.20K. According to company’s latest data on outstanding shares, there are 108.44 million shares outstanding.
Nearly 5.35% of Summit Hotel Properties Inc’s shares belong to company insiders and institutional investors own 90.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.47 million shares as on 2025-03-31, resulting in a short ratio of 3.4. According to the data, the short interest in Summit Hotel Properties Inc (INN) stood at 479.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.31 million. The stock has fallen by -42.77% 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.
