SITE Centers Corp. (NYSE:SITC) went up by 7.12% from its latest closing price compared to the recent 1-year high of $15.91. The company’s stock price has collected 0.80% of gains in the last five trading sessions. Press Release reported on 07/13/21 that SITE Centers’ Second Quarter 2021 Earnings Conference Call to Be Held on Thursday, July 29, 2021, at 10:00 a.m. Eastern Time
Is It Worth Investing in SITE Centers Corp. (NYSE :SITC) Right Now?
Plus, the 36-month beta value for SITC is at 1.77. Opinions of the stock are interesting as 4 analysts out of 14 who provided ratings for SITE Centers Corp. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $15.94, which is $0.74 above the current price. SITC currently public float of 179.33M and currently shorts hold a 4.21% ratio of that float. Today, the average trading volume of SITC was 1.96M shares.
SITC’s Market Performance
SITC stocks went up by 0.80% for the week, with a monthly jump of 3.97% and a quarterly performance of 8.57%, while its annual performance rate touched 115.60%. The volatility ratio for the week stands at 3.75% while the volatility levels for the past 30 days are set at 2.87% for SITE Centers Corp.. The simple moving average for the period of the last 20 days is 1.62% for SITC stocks with a simple moving average of 25.22% for the last 200 days.
Analysts’ Opinion of SITC
Many brokerage firms have already submitted their reports for SITC stocks, with KeyBanc Capital Markets repeating the rating for SITC by listing it as a “Overweight.” The predicted price for SITC in the upcoming period, according to KeyBanc Capital Markets is $15 based on the research report published on March 04th of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see SITC reach a price target of $13, previously predicting the price at $11. The rating they have provided for SITC stocks is “Overweight” according to the report published on January 14th, 2021.
Wells Fargo gave a rating of “Overweight” to SITC, setting the target price at $11.50 in the report published on December 10th of the previous year.
SITC Trading at 1.72% 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 -4.46% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 3.75%, as shares surge +0.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.84% upper at present.
During the last 5 trading sessions, SITC rose by +0.80%, which changed the moving average for the period of 200-days by +105.68% in comparison to the 20-day moving average, which settled at $14.96. In addition, SITE Centers Corp. saw 50.20% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SITC starting from Finne Thomas, who sale 5,000 shares at the price of $14.99 back on May 27. After this action, Finne Thomas now owns 57,785 shares of SITE Centers Corp., valued at $74,965 using the latest closing price.
AHERN TERRANCE R, the Director of SITE Centers Corp., sale 40,000 shares at $15.01 during a trade that took place back on May 27, which means that AHERN TERRANCE R is holding 86,311 shares at $600,564 based on the most recent closing price.
Stock Fundamentals for SITC
Current profitability levels for the company are sitting at:
- +19.81 for the present operating margin
- +37.62 for the gross margin
The net margin for SITE Centers Corp. stands at +7.23. The total capital return value is set at 2.48, while invested capital returns managed to touch 0.93. Equity return is now at value -0.20, with -0.10 for asset returns.
Based on SITE Centers Corp. (SITC), the company’s capital structure generated 101.64 points at debt to equity in total, while total debt to capital is 50.41. Total debt to assets is 48.03, with long-term debt to equity ratio resting at 113.07. Finally, the long-term debt to capital ratio is 46.69.
When we switch over and look at the enterprise to sales, we see a ratio of 8.53, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 6.93 and the total asset turnover is 0.12.