We Analyzed the Future Direction of SITE Centers Corp. (SITC), Here is What We Found

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SITE Centers Corp. (NYSE:SITC) went down by -1.51% from its latest closing price compared to the recent 1-year high of $15.85. The company’s stock price has collected -7.23% of loss in the last five trading sessions. Press Release reported on 10/13/20 that SITE Centers’ Third Quarter 2020 Earnings Conference Call to be Held on Tuesday, October 27, 2020, at 8:30 a.m. Eastern Time

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Is It Worth Investing in SITE Centers Corp. (NYSE :SITC) Right Now?

SITE Centers Corp. (NYSE:SITC) scored a price-to-earnings ratio above its average ratio, recording 30.73 x from its present earnings ratio. Plus, the 36-month beta value for SITC is at 1.39. Opinions of the stock are interesting as 1 analysts out of 14 who provided ratings for SITE Centers Corp. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 11 rated it as “hold,” and 1 as “sell.”

The average price from analysts is $7.98, which is $1.0 above the current price. SITC currently public float of 150.90M and currently shorts hold a 4.39% ratio of that float. Today, the average trading volume of SITC was 1.46M shares.

SITC’s Market Performance

SITC stocks went down by -7.23% for the week, with a monthly drop of -6.99% and a quarterly performance of 0.14%, while its annual performance rate touched -52.35%. The volatility ratio for the week stands at 3.79% while the volatility levels for the past 30 days are set at 4.44% for SITE Centers Corp.. The simple moving average for the period of the last 20 days is -2.21% for SITC stocks with a simple moving average of -12.64% for the last 200 days.

Analysts’ Opinion of SITC

Many brokerage firms have already submitted their reports for SITC stocks, with Morgan Stanley repeating the rating for SITC by listing it as a “Equal-Weight.” The predicted price for SITC in the upcoming period, according to Morgan Stanley is $4.50 based on the research report published on April 27th of the current year 2020.

Odeon, on the other hand, stated in their research note that they expect to see SITC reach a price target of $10. The rating they have provided for SITC stocks is “Buy” according to the report published on April 08th, 2020.

Morgan Stanley gave a rating of “Overweight” to SITC, setting the target price at $16 in the report published on December 17th of the previous year.

SITC Trading at -6.22% from the 50-Day Moving Average

After a stumble in the market that brought SITC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.64% of loss for the given period.

Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.82% lower at present.

During the last 5 trading sessions, SITC fell by -7.23%, which changed the moving average for the period of 200-days by -47.17% in comparison to the 20-day moving average, which settled at $7.35. In addition, SITE Centers Corp. saw -48.72% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SITC starting from Sweeney Dawn M., who purchase 20,000 shares at the price of $5.49 back on May 04. After this action, Sweeney Dawn M. now owns 23,394 shares of SITE Centers Corp., valued at $109,700 using the latest closing price.

Makinen Michael, the EVP & COO of SITE Centers Corp., purchase 20,576 shares at $4.73 during a trade that took place back on Mar 19, which means that Makinen Michael is holding 67,957 shares at $97,324 based on the most recent closing price.

Stock Fundamentals for SITC

Current profitability levels for the company are sitting at:

  • +11.70 for the present operating margin
  • +40.53 for the gross margin

The net margin for SITE Centers Corp. stands at +19.74. The total capital return value is set at 1.51, while invested capital returns managed to touch 2.57. Equity return is now at value 2.70, with 1.10 for asset returns.

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Based on SITE Centers Corp. (SITC), the company’s capital structure generated 95.43 points at debt to equity in total, while total debt to capital is 48.83. Total debt to assets is 46.12, with long-term debt to equity ratio resting at 111.40. Finally, the long-term debt to capital ratio is 47.64.

Currently, EBITDA for the company is 121.29M with total debt to EBITDA at 5.99. When we switch over and look at the enterrpise to sales, we see a ratio of 9.41, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 6.53 and the total asset turnover is 0.12.

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