Summit Hotel Properties Inc. (INN) Insider Trading: What Insights Can Be Gained?


As of Wednesday close, Summit Hotel Properties Inc.’s (NYSE:INN) stock was down -$0.16, moving down -1.87 percent to $8.40. The average number of shares traded per day over the past five days has been 439,840 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 607,100, while in the previous 50 days, it was 757,136.

Since last month, INN stock rose 1.94%. Shares of the company fell to $7.55 on 11/03/22, the lowest level in the past month. A 52-week high of $10.58 was reached on 02/18/22 after having rallying from a 52-week low of $6.57. Since the beginning of this year, INN’s stock price has dropped by -13.93% or -$1.36, and marked a new high 7 times. However, the stock has declined by -20.60% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.99. Besides these, the trailing price-to-sales (P/S) ratio of 1.39, the price-to-book (PB) ratio of 0.91.

The latest dividend of $0.04 per share was paid out, remained unchanged from last year’s $0.04. On Thursday August 4 2022, a $0.14 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.51, and the total debt-to-equity ratio was 1.51. On the profitability front, the trailing twelve-month gross margin is 42.80% percent. In the year ended September 29, operating margins totaled 6.40%. Based on annual data, INN earned -$33.27 million in gross profit and brought in $361.93 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.70%. Return on equity (ROE) for the past 12 months was -2.10%.

In Summit Hotel Properties Inc.’s quarter-end financial report for September 29, it reported total debt of $1.47 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. INN’s revenue rose 37.9% to $183.25 million during the quarter, while net income inched up to $178.25 million. While analysts expected Summit Hotel Properties Inc. to report -$0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $56.77 million in EBITDA. The value of shareholders’ equity is $106.9 million.

Technical Picture

This quick technical analysis looks at Summit Hotel Properties Inc.’s (INN) price momentum. With a historical volatility rate of 36.24%, the RSI 9-day stood at 56.22% on 23 November.

With respect to its five-day moving average, the current Summit Hotel Properties Inc. price is up by +3.96% percent or $0.32. At present, INN shares trade +0.96% above its 20-day simple moving average and +16.02% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.58% above its SMA50 and -14.29% below its SMA200.

Stochastic coefficient K was 88.33% and Stochastic coefficient D was 83.93%, while ATR was 0.29. Given the Stochastic reading of 79.51% for the 14-day period, the RSI (14) reading has been calculated as 56.42%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.28.

Analyst Ratings

Summit Hotel Properties Inc. downgraded its rating on Summit Hotel Properties Inc. (NYSE: INN) to an Equal weight in a note to investors on September 15, 2022. The analysts firm previously had an Overweight rating on the stock.


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