The price-to-earnings ratio for SITE Centers Corp (NYSE: SITC) is 1.99x, which is above its average ratio. Moreover, the 36-month beta value for SITC is 1.67. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for SITC is 47.87M and currently, short sellers hold a 9.82% of that float. On October 23, 2024, SITC’s average trading volume was 3.02M shares.
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SITC) stock’s latest price update
The stock of SITE Centers Corp (NYSE: SITC) has increased by 2.24 when compared to last closing price of 16.54. Despite this, the company has experienced a -1.91% fall in its stock price over the last five trading sessions. accesswire.com reported 2024-10-22 that FRAMINGHAM, MA / ACCESSWIRE / October 22, 2024 / Xenetic Biosciences, Inc. (NASDAQ:XBIO) (“Xenetic” or the “Company”), a biopharmaceutical company focused on advancing innovative immuno-oncology technologies addressing hard to treat oncology indications, today announced its abstract has been accepted for poster presentation at the Society for Immunotherapy of Cancer (SITC) 39th Annual Meeting being held November 6-10, 2024, in Houston, Texas and virtually. Details of the presentation are as follows: Title: DNase I Targeting of Neutrophil Extracellular Traps Improves CTLA-4 Immune Checkpoint blockade in Models of MSS/MMRp CRC Abstract Number: 765 Presenter: Reid Bissonnette, Ph.D.
SITC’s Market Performance
SITC’s stock has fallen by -1.91% in the past week, with a monthly rise of 46.38% and a quarterly rise of 42.69%. The volatility ratio for the week is 2.45% while the volatility levels for the last 30 days are 2.52% for SITE Centers Corp The simple moving average for the last 20 days is 5.75% for SITC stock, with a simple moving average of 44.86% for the last 200 days.
Analysts’ Opinion of SITC
Wells Fargo, on the other hand, stated in their research note that they expect to see SITC reach a price target of $19. The rating they have provided for SITC stocks is “Equal Weight” according to the report published on October 02nd, 2024.
SITC Trading at 26.34% 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 -6.83% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -71.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -72.00% lower at present.
During the last 5 trading sessions, SITC fell by -1.91%, which changed the moving average for the period of 200-days by -67.95% in comparison to the 20-day moving average, which settled at $25.61. In addition, SITE Centers Corp saw 59.02% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SITC starting from Fennerty Conor, who sale 5,850 shares at the price of $60.54 back on Aug 21 ’24. After this action, Fennerty Conor now owns 41,709 shares of SITE Centers Corp, valued at $354,159 using the latest closing price.
Fennerty Conor, the Officer of SITE Centers Corp, proposed sale 5,850 shares at $60.48 during a trade that took place back on Aug 21 ’24, which means that Fennerty Conor is holding shares at $353,792 based on the most recent closing price.
Stock Fundamentals for SITC
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.7 for the gross margin
The net margin for SITE Centers Corp stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 21.06, with 11.33 for asset returns.
Based on SITE Centers Corp (SITC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 3.11.
Currently, EBITDA for the company is 207.2 million with net debt to EBITDA at 10.01. When we switch over and look at the enterprise to sales, we see a ratio of 9.61. The receivables turnover for the company is 4.29for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To wrap up, the performance of SITE Centers Corp (SITC) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
