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SUM
Stock ticker: NYSE
AS OF
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Capitalization
4.2B

SUM Summit Materials Forecast, Technical & Fundamental Analysis

a supplier of construction materials and provides infrastructure services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SUM with price predictions
07:00 PM EST Nov 28, 2023

SUM's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for SUM turned positive on October 31, 2023. Looking at past instances where SUM's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

SUM moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SUM crossed bullishly above the 50-day moving average on November 07, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SUM advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 256 cases where SUM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where SUM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SUM as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SUM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SUM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.794) is normal, around the industry mean (5.221). P/E Ratio (13.106) is within average values for comparable stocks, (21.983). Projected Growth (PEG Ratio) (1.444) is also within normal values, averaging (2.087). SUM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (1.639) is also within normal values, averaging (1.528).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Cemex SAB de CV (NYSE:CX).

Industry description

Many naturally occurring substances, such as clay, rocks, sand, and wood, even twigs and leaves have been used in construction material. Many man-made products are also in use. Vulcan Materials Co., Martin Marietta Materials, Inc. and Owens Corning Inc. are examples of construction material companies in the U.S. Performance of companies that extract or produce construction materials could at times depend on demand for residential and commercial buildings/real estate, and therefore in some cases could feel impacted by economic cycles.

Market Cap

The average market capitalization across the Construction Materials Industry is 6.59B. The market cap for tickers in the group ranges from 453K to 43.18B. CRHCF holds the highest valuation in this group at 43.18B. The lowest valued company is ASCKD at 453K.

High and low price notable news

The average weekly price growth across all stocks in the Construction Materials Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 4%. CAPT experienced the highest price growth at 112%, while BASA experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Construction Materials Industry was 22%. For the same stocks of the Industry, the average monthly volume growth was 39% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 31
P/E Growth Rating: 45
Price Growth Rating: 48
SMR Rating: 61
Profit Risk Rating: 65
Seasonality Score: 0 (-100 ... +100)
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A.I. Advisor
published Earnings

SUM is expected to report earnings to fall 66.67% to 27 cents per share on February 14

Summit Materials SUM Stock Earnings Reports
Q4'23
Est.
$0.27
Q3'23
Beat
by $0.06
Q2'23
Beat
by $0.12
Q1'23
Beat
by $0.10
Q4'22
Beat
by $0.02
The last earnings report on November 01 showed earnings per share of 81 cents, beating the estimate of 75 cents. With 189.22K shares outstanding, the current market capitalization sits at 4.20B.
A.I. Advisor
published General Information

General Information

a supplier of construction materials and provides infrastructure services

Industry ConstructionMaterials

Profile
Fundamentals
Details
Industry
Construction Materials
Address
1801 California Street
Phone
+1 303 893-0012
Employees
4800
Web
https://www.summit-materials.com
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SUM and

Correlation & Price change

A.I.dvisor indicates that over the last year, SUM has been closely correlated with EXP. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if SUM jumps, then EXP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SUM
1D Price
Change %
SUM100%
+1.31%
EXP - SUM
75%
Closely correlated
+1.27%
VMC - SUM
74%
Closely correlated
+0.72%
MLM - SUM
72%
Closely correlated
+0.59%
CRH - SUM
57%
Loosely correlated
+1.38%
CX - SUM
54%
Loosely correlated
+2.36%
More

Groups containing SUM

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SUM
1D Price
Change %
SUM100%
+1.31%
material
(undefined stocks)
79%
Closely correlated
+0.23%
SUM
(undefined stocks)
79%
Closely correlated
+0.21%
Construction Materials
(undefined stocks)
65%
Loosely correlated
+0.04%
construction
(undefined stocks)
65%
Loosely correlated
+0.57%
infrastructure
(undefined stocks)
45%
Loosely correlated
+1.30%