Summit Midstream Stock Price on November 18, 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 2nd of December, 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 0.0267, which indicates the firm had a 0.0267% 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 Semi Deviation of 2.14, coefficient of variation of 2862.46, and Risk Adjusted Performance of 0.0334 to confirm if the risk estimate we provide is consistent with the expected return of 0.0636%.
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 December 2, 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 = 0.0267
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | SMC | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.38 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 18th of November 2024
Disposition of 1000 shares by Deneke J Heath of Summit Midst... by Deneke J Heath
Filed transaction by Summit Midstream Officer: Chairman, President And Ceo. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Summit Midstream Valuation on November 18, 2024
It is possible to determine the worth of Summit Midstream on a given historical date. On November 18, 2024 Summit was worth 35.54 at the beginning of the trading date compared to the closed value of 36.14. 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 | |
| 35.61 | 35.69 | 35.16 | 35.54 | 33,266 | |
11/18/2024 | 35.54 | 36.14 | 35.35 | 36.14 | 37,466 |
| 35.91 | 36.11 | 35.40 | 36.00 | 60,998 |
| Backtest Summit Midstream | | | Summit Midstream History | | | Summit Midstream Valuation | Previous | Next |
Summit Midstream Trading Date Momentum on November 18, 2024
| On November 19 2024 Summit Midstream was traded for 36.00 at the closing time. Highest Summit Midstream's price during the trading hours was 36.11 and the lowest price during the day was 35.40 . The net volume was 61 K. The overall trading history on the 19th of November contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.39% . The trading price change to current price is 2.93% . |
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 | December 2, 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 December 2, 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 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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.
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Volatility Analysis Get historical volatility and risk analysis based on latest market data |