Summit Midstream Stock Price on December 5, 2024

SMC Stock   35.20  0.20  0.57%   
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 35.20, as last reported on the 25th of December, with the highest price reaching 35.75 and the lowest price hitting 35.04 during the day.
IPO Date
1st of August 2024
200 Day MA
27.3209
50 Day MA
36.2734
Beta
2.381
 
Yuan Drop
 
Covid
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 0.0451, which indicates the firm had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Summit Midstream, which you can use to evaluate the volatility of the company. Please validate Summit Midstream's Coefficient Of Variation of (79,387), variance of 4.55, and Risk Adjusted Performance of 0.0052 to confirm if the risk estimate we provide is consistent with the expected return of 0.0948%.
  
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 25, 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.

Sharpe Ratio = 0.0451

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Estimated Market Risk

 2.1
  actual daily
18
82% of assets are more volatile

Expected Return

 0.09
  actual daily
1
99% of assets have higher returns

Risk-Adjusted Return

 0.05
  actual daily
3
97% of assets perform better
Based on monthly moving average Summit Midstream is performing at about 3% 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 5th of December 2024

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 December 5, 2024

It is possible to determine the worth of Summit Midstream on a given historical date. On December 5, 2024 Summit was worth 37.62 at the beginning of the trading date compared to the closed value of 37.95. 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
  38.40    38.40    37.01    37.30    47,271  
12/05/2024
  37.62    38.11    37.05    37.95    160,821  
  38.14    38.14    37.09    37.81    96,720  
Backtest Summit Midstream  |  Summit Midstream History  |  Summit Midstream Valuation   PreviousNext  
Open Value
37.62
37.95
Closing Value
43.93
Upside

Summit Midstream Trading Date Momentum on December 5, 2024

On December 06 2024 Summit Midstream was traded for  37.81  at the closing time. Highest Summit Midstream's price during the trading hours was 38.14  and the lowest price during the day was  37.09 . The net volume was 96.7 K. The overall trading history on the 6th of December contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.37% . The trading price change to current price is 6.19% .

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 ReportedProjected for Next Year
Common Stock Shares Outstanding10.3 M8.2 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.
A focus of Summit Midstream technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Summit Midstream trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Summit Midstream Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

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Summit Midstream December 25, 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.

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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