Summit Hotel Properties Inc (NYSE:INN) price on Thursday, May 01, rose 1.47% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.13.
A look at the stock’s price movement, the close in the last trading session was $4.07, moving within a range at $4.05 and $4.4. The PE ratio in trailing twelve months stood at 28.04. Turning to its 52-week performance, $7.22 and $3.57 were the 52-week high and 52-week low respectively. Overall, INN moved -24.08% over the past month.
Summit Hotel Properties Inc’s market cap currently stands at around $525.81 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-29. The company has a Forward Dividend ratio of 0.32, with its dividend yield at 7.75%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 197.9M for the company’s revenue for the quarter, with a low and high estimate of 193.42M and 199.77M respectively. The average forecast suggests up to a 2.06% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 748.16M, representing a 2.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INN is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend INN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INN’s current price about 2.75% and -20.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.39, while 7-day volatility ratio is 4.48% and 7.39% in the 30-day chart. Further, Summit Hotel Properties Inc (INN) has a beta value of 1.61, and an average true range (ATR) of 0.24.
If we refocus on Summit Hotel Properties Inc (NYSE:INN), historical trading data shows that trading volumes averaged 0.95 over the past 10 days and 960.54K over the past 3 months. The company’s latest data on shares outstanding shows there are 108.44 million shares.
The 5.35% of Summit Hotel Properties Inc’s shares are in the hands of company insiders while institutional holders own 90.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.79 million on 2025-04-15, giving us a short ratio of 3.2. The data shows that as of 2025-04-15 short interest in Summit Hotel Properties Inc (INN) stood at 523.0 of shares outstanding, with shares short rising to 3.14 million registered in 2025-03-14. Current price change has pushed the stock -39.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INN stock continues to rise going into the next quarter.
