The stock of SITE Centers Corp. (SITC) has seen a -2.74% decrease in the past week, with a -10.05% drop in the past month, and a -6.25% decrease in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.34% for SITC. The simple moving average for the last 20 days is -6.23% for SITC stock, with a simple moving average of -5.90% for the last 200 days.
Is It Worth Investing in SITE Centers Corp. (NYSE: SITC) Right Now?
The price-to-earnings ratio for SITE Centers Corp. (NYSE: SITC) is 16.97x, which is above its average ratio. Moreover, the 36-month beta value for SITC is 1.58.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The public float for SITC is 176.38M and currently, short sellers hold a 6.64% of that float. On March 15, 2023, SITC’s average trading volume was 1.83M shares.
SITC) stock’s latest price update
SITE Centers Corp. (NYSE: SITC)’s stock price has increased by 2.64 compared to its previous closing price of 12.12. Despite this, the company has experienced a -2.74% fall in its stock price over the last five trading sessions.
Analysts’ Opinion of SITC
The stock of SITE Centers Corp. (SITC) has seen a -2.74% decrease in the past week, with a -10.05% drop in the past month, and a -6.25% decrease in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.34% for SITC. The simple moving average for the last 20 days is -6.23% for SITC stock, with a simple moving average of -5.90% for the last 200 days.
Analysts’ Opinion of SITC
Many brokerage firms have already submitted their reports for SITC stocks, with Mizuho repeating the rating for SITC by listing it as a “Neutral.” The predicted price for SITC in the upcoming period, according to Mizuho is $13 based on the research report published on January 10th of the current year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see SITC reach a price target of $17, previously predicting the price at $15. The rating they have provided for SITC stocks is “Buy” according to the report published on August 16th, 2022.
Wolfe Research gave a rating of “Outperform” to SITC, setting the target price at $19 in the report published on September 23rd of the previous year.
SITC Trading at -6.77% 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 -27.76% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares sank -10.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.72% lower at present.
During the last 5 trading sessions, SITC fell by -2.74%, which changed the moving average for the period of 200-days by -19.64% in comparison to the 20-day moving average, which settled at $13.19. In addition, SITE Centers Corp. saw -8.93% 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 Cattonar John M, who sale 11,000 shares at the price of $13.61 back on Dec 27. After this action, Cattonar John M now owns 40,922 shares of SITE Centers Corp., valued at $149,743 using the latest closing price.
Lukes David R, the President & CEO of SITE Centers Corp., sale 310,797 shares at $16.59 during a trade that took place back on Apr 28, which means that Lukes David R is holding 1,164,513 shares at $5,155,283 based on the most recent closing price.
Stock Fundamentals for SITC
Current profitability levels for the company are sitting at:
- +24.00 for the present operating margin
- +32.20 for the gross margin
The net margin for SITE Centers Corp. stands at +30.53. Equity return is now at value 8.20, with 3.80 for asset returns.
Conclusion
To wrap up, the performance of SITE Centers Corp. (SITC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
