The stock of SiteOne Landscape Supply Inc (SITE) has seen a -12.37% decrease in the past week, with a -13.26% drop in the past month, and a -7.14% decrease in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are at 3.15% for SITE. The simple moving average for the past 20 days is -13.19% for SITE’s stock, with a -9.39% simple moving average for the past 200 days.
Is It Worth Investing in SiteOne Landscape Supply Inc (NYSE: SITE) Right Now?
SiteOne Landscape Supply Inc (NYSE: SITE) has a price-to-earnings ratio that is above its average at 37.85x. The stock has a 36-month beta value of 1.54. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for SITE is 44.42M, and at present, short sellers hold a 5.63% of that float. On May 02, 2024, the average trading volume of SITE was 315.69K shares.
SITE) stock’s latest price update
The stock of SiteOne Landscape Supply Inc (NYSE: SITE) has decreased by -8.53 when compared to last closing price of 156.89.Despite this, the company has seen a loss of -12.37% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that SiteOne Landscape (SITE) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to loss of $0.10 per share a year ago.
Analysts’ Opinion of SITE
Stifel, on the other hand, stated in their research note that they expect to see SITE reach a price target of $167, previously predicting the price at $150. The rating they have provided for SITE stocks is “Hold” according to the report published on December 19th, 2023.
Deutsche Bank gave a rating of “Sell” to SITE, setting the target price at $120 in the report published on December 08th of the previous year.
SITE Trading at -15.66% from the 50-Day Moving Average
After a stumble in the market that brought SITE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.67% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares sank -14.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.45% lower at present.
During the last 5 trading sessions, SITE fell by -12.37%, which changed the moving average for the period of 200-days by -15.03% in comparison to the 20-day moving average, which settled at $164.12. In addition, SiteOne Landscape Supply Inc saw -11.69% 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 SITE starting from BLACK DOUG, who sale 10,000 shares at the price of $162.10 back on Apr 17 ’24. After this action, BLACK DOUG now owns 574,657 shares of SiteOne Landscape Supply Inc, valued at $1,621,000 using the latest closing price.
BLACK DOUG, the CEO of SiteOne Landscape Supply Inc, sale 10,000 shares at $176.35 during a trade that took place back on Mar 13 ’24, which means that BLACK DOUG is holding 574,657 shares at $1,763,500 based on the most recent closing price.
Stock Fundamentals for SITE
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.35 for the gross margin
The net margin for SiteOne Landscape Supply Inc stands at 0.04. The total capital return value is set at 0.11. Equity return is now at value 12.43, with 6.47 for asset returns.
Based on SiteOne Landscape Supply Inc (SITE), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 9.08.
Currently, EBITDA for the company is 362.3 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.69. The receivables turnover for the company is 8.77for trailing twelve months and the total asset turnover is 1.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
To sum up, SiteOne Landscape Supply Inc (SITE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
