As of Friday close, SITE Centers Corp.’s (NYSE:SITC) stock was down -$0.35, moving down -2.91 percent to $11.69. The average number of shares traded per day over the past five days has been 2,976,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 1,818,515, while in the previous 50 days, it was 1,757,280.
Since last month, SITC stock retreated -15.66%. Shares of the company fell to $11.48 on 03/17/23, the lowest level in the past month. A 52-week high of $17.22 was reached on 02/02/23 after having rallying from a 52-week low of $10.42. Since the beginning of this year, SITC’s stock price has dropped by -14.42% or -$1.97, and marked a new high 3 times. However, the stock has declined by -32.11% since its 52-week high.
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.
SITC stock investors should be aware that SITE Centers Corp. (SITC) stock had its last reported insider trading activity 81 days ago on Dec 27. Cattonar John M, the EVP & Chief Investment Officer of the company, disposed of 11,000 shares for $13.61 on Dec 27. It resulted in a $149,743 divestment by the insider. Lukes David R sold 310,797 shares at an average price of $16.59 on Apr 28. The insider now owns 1,164,513 shares following the transaction. On Mar 29, EVP & CAO Vesy Christa A sold 35,000 shares at $16.88 apiece. The transaction was valued at $590,765.
Right now, SITE Centers Corp. (SITC) has a P/E ratio of about 15.95. The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 4.62, the price-to-book (PB) ratio of 1.30, and the price-to-cash flow ratio of 113.34 may also be considered.
The latest dividend of $0.13 per share was paid out, remained unchanged from last year’s $0.13. On Thursday February 10 2022, a $0.01 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.89, and the total debt-to-equity ratio was 0.89. On the profitability front, the trailing twelve-month gross margin is 69.20% percent. In the year ended December 30, operating margins totaled 31.70%. Based on annual data, SITC earned $129.72 million in gross profit and brought in $552.35 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.80%. Return on equity (ROE) for the past 12 months was 8.20%.
In SITE Centers Corp.’s quarter-end financial report for December 30, it reported total debt of $1.71 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SITC’s revenue rose 2.94% to $138.84 million during the quarter, while net income inched up to $138.51 million. While analysts expected SITE Centers Corp. to report $0.06 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $86.92 million in EBITDA. The value of shareholders’ equity is $210.37 million.
This quick technical analysis looks at SITE Centers Corp.’s (SITC) price momentum. With a historical volatility rate of 36.24%, the RSI 9-day stood at 22.86% on 17 March.
With respect to its five-day moving average, the current SITE Centers Corp. price is down by -3.94% percent or -$0.48. At present, SITC shares trade -15.41% below its 20-day simple moving average and +1.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately -14.73% below its SMA50 and -25.64% below its SMA200.
Stochastic coefficient K was 13.06% and Stochastic coefficient D was 17.08%, while ATR was 0.39. Given the Stochastic reading of 9.63% for the 14-day period, the RSI (14) reading has been calculated as 27.88%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.66.
SITE Centers Corp. downgraded its rating on SITE Centers Corp. (NYSE: SITC) to a Neutral in a note to investors on January 10, 2023. The analysts firm previously had a Buy rating on the stock.SITE Centers Corp. (SITC) has been rated Overweight by analysts. According to 0 brokerage firms, SITC is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SITE Centers Corp. stock as buy, with 4 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $13.00 – $21.00. Based on these forecasts, analysts predict SITE Centers Corp. (SITC) will achieve an average price target of $14.85.