Summit Midstream Stock Price on November 6, 2024
| SMC Stock | 37.79 0.33 0.88% |
Below is the normalized historical share price chart for Summit Midstream extending back to September 28, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Summit Midstream stands at 37.79, as last reported on the 30th of November, with the highest price reaching 38.16 and the lowest price hitting 37.20 during the day.
If you're considering investing in Summit Stock, it is important to understand the factors that can impact its price. At this point, Summit Midstream is very steady. Summit Midstream owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0269, which indicates the firm had a 0.0269% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit Midstream, which you can use to evaluate the volatility of the company. Please validate Summit Midstream's Risk Adjusted Performance of 0.0334, coefficient of variation of 2862.46, and Semi Deviation of 2.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0646%.
At present, Summit Midstream's Common Stock is projected to increase significantly based on the last few years of reporting. The current year's Stock Based Compensation To Revenue is expected to grow to 0.02, whereas Total Stockholder Equity is forecasted to decline to about 616.2 M. . As of November 30, 2024, Price To Sales Ratio is expected to decline to 0.79. In addition to that, Price Earnings Ratio is expected to decline to -10.29. Summit Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 1st of August 2024 | 200 Day MA 27.3209 | 50 Day MA 36.2734 | Beta 2.381 |
Summit |
Sharpe Ratio = 0.0269
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| Cash | Small Risk | SMC | High Risk | Huge Risk |
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Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Summit Midstream is performing at about 2% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Midstream by adding it to a well-diversified portfolio.
Price Book 0.4475 | Enterprise Value Ebitda 5.6403 | Price Sales 0.7843 | Shares Float 10.6 M | Earnings Share 6.19 |
Summit Midstream Main Headline on 6th of November 2024
SMC Entertainment Executes Acquisition Agreement to Acquire ... by finance.yahoo.com
Bateau Asset Management brings to SMC Entertainment Foundational acquisition into International Financial Services Sector Well-established client base of high-net-worth individuals Experienced global client services team based in Australia and Singapore ...
Summit Midstream Valuation on November 6, 2024
It is possible to determine the worth of Summit Midstream on a given historical date. On November 6, 2024 Summit was worth 35.11 at the beginning of the trading date compared to the closed value of 35.64. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Summit Midstream stock. Still, in general, we apply an absolute valuation method to find Summit Midstream's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Summit Midstream where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Summit Midstream's related companies.
| Open | High | Low | Close | Volume | |
| 33.26 | 34.94 | 33.17 | 34.67 | 50,921 | |
11/06/2024 | 35.11 | 35.85 | 35.08 | 35.64 | 57,906 |
| 35.33 | 36.51 | 35.33 | 35.80 | 64,309 |
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Summit Midstream Trading Date Momentum on November 6, 2024
| On November 07 2024 Summit Midstream was traded for 35.80 at the closing time. Highest Summit Midstream's price during the trading hours was 36.51 and the lowest price during the day was 35.33 . The net volume was 64.3 K. The overall trading history on the 7th of November contributed to the next trading period price growth. The trading price change to the next next day price was 0.45% . The trading price change to current price is 0.28% . |
Summit Midstream Fundamentals Correlations and Trends
By evaluating Summit Midstream's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Summit Midstream's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Summit financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Summit Midstream Stock history
Summit Midstream investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Summit is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Summit Midstream will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Summit Midstream stock prices may prove useful in developing a viable investing in Summit Midstream
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 8.2 M |
Summit Midstream Stock Technical Analysis
Summit Midstream technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Summit Midstream Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Summit Midstream cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Summit Midstream November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Summit Midstream stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Summit Midstream shares will generate the highest return on investment. By undertsting and applying Summit Midstream stock market strength indicators, traders can identify Summit Midstream entry and exit signals to maximize returns
Summit Midstream Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Summit Midstream's price direction in advance. Along with the technical and fundamental analysis of Summit Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Summit to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0334 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0876 |
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Complementary Tools for Summit Stock analysis
When running Summit Midstream's price analysis, check to measure Summit Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.
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