SITE Centers Corp. (NYSE:SITC) went up by 1.62% from its latest closing price compared to the recent 1-year high of $16.87. The company’s stock price has collected 3.05% of gains in the last five trading sessions. Press Release reported on 10/12/21 that SITE Centers’ Third Quarter 2021 Earnings Conference Call to Be Held on Monday, October 25, 2021, at 8:00 a.m. Eastern Time
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 181.94 x from its present earnings ratio. Plus, the 36-month beta value for SITC is at 1.71. Opinions of the stock are interesting as 5 analysts out of 15 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 $17.23, which is $0.1 above the current price. SITC currently public float of 179.70M and currently shorts hold a 5.00% ratio of that float. Today, the average trading volume of SITC was 1.43M shares.
SITC’s Market Performance
SITC stocks went up by 3.05% for the week, with a monthly jump of 7.91% and a quarterly performance of 11.24%, while its annual performance rate touched 127.42%. The volatility ratio for the week stands at 2.16% while the volatility levels for the past 30 days are set at 2.40% for SITE Centers Corp.. The simple moving average for the period of the last 20 days is 5.83% for SITC stocks with a simple moving average of 19.07% for the last 200 days.
Analysts’ Opinion of SITC
Many brokerage firms have already submitted their reports for SITC stocks, with Wolfe Research repeating the rating for SITC by listing it as a “Outperform.” The predicted price for SITC in the upcoming period, according to Wolfe Research is $19 based on the research report published on September 23rd of the current year 2021.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see SITC reach a price target of $15. The rating they have provided for SITC stocks is “Overweight” according to the report published on March 04th, 2021.
Piper Sandler gave a rating of “Overweight” to SITC, setting the target price at $13 in the report published on January 14th of the current year.
SITC Trading at 6.86% 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 able to rebound, for now settling with 0.30% of gains for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares surge +6.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.95% upper at present.
During the last 5 trading sessions, SITC rose by +3.05%, which changed the moving average for the period of 200-days by +64.75% in comparison to the 20-day moving average, which settled at $16.04. In addition, SITE Centers Corp. saw 67.19% 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 Otto-Bernstein Katharina, who sale 250,000 shares at the price of $15.60 back on Aug 26. After this action, Otto-Bernstein Katharina now owns 7,877,752 shares of SITE Centers Corp., valued at $3,899,500 using the latest closing price.
MACFARLANE VICTOR B, the Director of SITE Centers Corp., sale 95,497 shares at $14.71 during a trade that took place back on Aug 18, which means that MACFARLANE VICTOR B is holding 1,594 shares at $1,404,761 based on the most recent closing price.
Stock Fundamentals for SITC
Current profitability levels for the company are sitting at:
- +20.33 for the present operating margin
- +37.21 for the gross margin
The net margin for SITE Centers Corp. stands at +7.22. The total capital return value is set at 2.54, while invested capital returns managed to touch 0.92. Equity return is now at value 1.20, with 0.50 for asset returns.
Based on SITE Centers Corp. (SITC), the company’s capital structure generated 104.59 points at debt to equity in total, while total debt to capital is 51.12. Total debt to assets is 49.43, with long-term debt to equity ratio resting at 116.89. Finally, the long-term debt to capital ratio is 47.57.
When we switch over and look at the enterprise to sales, we see a ratio of 8.62, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 6.95 and the total asset turnover is 0.12.