SUMMIT MATERIALS INC CLASS A stock forecast: up to 33.66 USD SUM stock price prognosis


Forecast for Fri 04 Aug 2023 price 33.47

SUMMIT MATERIALS INC CLASS A stock price forecast for further price development up to 1.53% (time horizon: 1 day) and price target of 33.66 USD. Short-term (time horizon: 2 weeks) SUMMIT MATERIALS INC CLASS A share price prediction for 2023-08-04 with daily closed price projections

Key Facts

Symbol SUM 

ISIN US86614U1007 

CUSIP 86614U100

Currency USD

Category Mining, Quarrying Of Nonmetallic Minerals (No Fuels)

Forecast price change %

Finance numbers

Revenue 2,393,105,000.0

Earnings per share 1.40

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

Summit Inc. was formed on September 23, 2014 to be a holding company. Our revenue in 2020 was $2.3 billion with net income of $141.2 million. The public infrastructure market represented 39% of our revenue in 2020. and affiliates July 10, 2020WestValley Gravel Sales LTD. Proven ability to incorporate new acquisitions and grow businesses. We believe we are well positioned to capitalize on any such increase in investment. Each of these materials is widely used in most forms of construction activity. High transportation costs are responsible for the wide dispersion of production sites. We sell aggregates to internal downstream operations at market prices. Approximately 98% of our plants can utilize recycled asphalt pavement. In addition, our operations require numerous governmental approvals and permits. Therefore, there is intense competition in a number of the markets in which we operate. We are dependent on information technology. Securities markets worldwide experience significant price and volume fluctuations. In recent years, stock markets have experienced extreme price and volume fluctuations. Ms. Benedict joined the Company in October 2013. Michael J. Brady, 53, Executive Vice President and Chief Business Development Officer. Use and consumption of our products fluctuate due to seasonality. Construction materials consist of aggregates and cement. The elimination of intracompany transactions is included in Other. Revenue from the liquid asphalt terminals is included in asphalt revenue. Revenue from cement decreased $8.5 million in the year ended January 2, 2021. Each year, we update our estimate as to when TRA payments will be made. These costs are typically incurred in the first half of the year and paid by year-end. As of January 2, 2021, we had accrued $321.7 million as TRA liability. Accruals are recorded when the outcome is probable and can be reasonably estimated. We also perform a market assessment of our enterprise value. In 2020, we performed a two-step quantitative analysis on four of our reporting units. These estimates are based on our best judgment. We account for the modification using a cumulative catch-up adjustment. These costs are excluded from any measure of progress toward contract fulfillment. If so, we record a TRA liability of 85% of such deferred tax assets. We believe that our audits provide a reasonable basis for our opinion. It is also engaged in paving and related services. The year ended January 2, 2021 was a 53-week year. Estimates also include revenue earned on contracts and costs to complete contracts. Aggregates and cement products are sold point-of-sale through purchase orders. Changes in the credit-adjusted risk-free rate do not change recorded liabilities. The standard had no material impact on our statements of operations and cash flows. In June 2018, the FASB issued ASU No. We perform the annual impairment test on the first day of the fourth quarter each year. We initially perform a qualitative analysis. Amounts are generally billed and collected within one year. ( Assets are assessed for impairment charges when identified for disposition. The 2020 Indenture also contains customary events of default. The 2023 Notes were paid in full in August 2020 as noted above. On February 25, 2019, Summit LLC entered into Incremental Amendment No. These awards contain service conditions associated with continued employment or service. These restricted stock grants vest over a one year period. Forfeitures are

Summerized Form 10-K with GPT-2
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 65.10/100
    • Not in ideal financial position.
    • Historical view, profit is growing.
    • Company revenue is growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Fund ownership list is based on filling form information

Fund name Date Amount Profile
BlackRock Funds 2023-01-31 7815 Long
NuShares ETF Trust 2023-01-31 2688 Long
Nuveen Investment Funds, Inc. 2023-01-31 115845 Long
Nuveen Investment Funds, Inc. 2023-01-31 128944 Long
SUNAMERICA SERIES TRUST 2023-01-31 13650 Long

Bollinger Bollinger Bands for SUMMIT MATERIALS INC CLASS A can provide the information where the market is moving based on price information.

SUMMIT MATERIALS INC CLASS A Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns SUMMIT MATERIALS INC CLASS A.

On-Balance Volume information for SUMMIT MATERIALS INC CLASS A. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for SUMMIT MATERIALS INC CLASS A. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for SUMMIT MATERIALS INC CLASS A. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for SUMMIT MATERIALS INC CLASS A. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for SUMMIT MATERIALS INC CLASS A. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for SUMMIT MATERIALS INC CLASS A. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for SUMMIT MATERIALS INC CLASS A. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

52W High 52W Low Market Cap

Similar shares



Figure below show the stock predictions.
Date Closing price Prediction was updated
2023-07-24 33.66 2023-06-09 17:52
2023-07-25 33.63 2023-06-09 17:52
2023-07-28 33.57 2023-06-09 17:52
2023-07-31 33.54 2023-06-09 17:52
2023-08-01 33.53 2023-06-09 17:52
2023-08-04 33.47 2023-06-09 17:53
2023-08-02 33.51 2023-06-09 17:52
2023-08-03 33.49 2023-06-09 17:52
2023-06-12 34.52 2023-06-09 17:52
2023-06-13 34.33 2023-06-09 17:52
2023-06-14 34.31 2023-06-09 17:52
2023-06-15 34.20 2023-06-09 17:52
2023-06-21 34.22 2023-06-09 17:52
2023-06-16 34.33 2023-06-09 17:52
2023-06-19 34.32 2023-06-09 17:52
2023-06-20 34.28 2023-06-09 17:52
2023-06-23 34.21 2023-06-09 17:52
2023-06-26 34.14 2023-06-09 17:52
2023-06-27 34.07 2023-06-09 17:52
2023-06-30 33.97 2023-06-09 17:52
2023-06-22 34.25 2023-06-09 17:52
2023-06-28 33.95 2023-06-09 17:52
2023-06-29 33.98 2023-06-09 17:52
2023-07-03 33.94 2023-06-09 17:52
2023-07-04 33.93 2023-06-09 17:52
2023-07-05 33.91 2023-06-09 17:52
2023-07-06 33.94 2023-06-09 17:52
2023-07-26 33.61 2023-06-09 17:52
2023-07-27 33.59 2023-06-09 17:52
2023-07-07 33.90 2023-06-09 17:52
2023-07-10 33.88 2023-06-09 17:52
2023-07-11 33.84 2023-06-09 17:52
2023-07-12 33.81 2023-06-09 17:52
2023-07-13 33.80 2023-06-09 17:52
2023-07-14 33.79 2023-06-09 17:52
2023-07-17 33.76 2023-06-09 17:52
2023-07-18 33.74 2023-06-09 17:52
2023-07-19 33.73 2023-06-09 17:52
2023-07-20 33.71 2023-06-09 17:52
2023-07-21 33.69 2023-06-09 17:52

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.