A share price of SITE Centers Corp [SITC] is currently trading at $17.39, up 2.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SITC shares have gain 48.72% over the last week, with a monthly amount glided 54.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SITE Centers Corp [NYSE: SITC] stock has seen the most recent analyst activity on October 02, 2024, when Wells Fargo downgraded its rating to a Equal Weight but kept the price target unchanged to $19 for it. Previously, Wolfe Research downgraded its rating to Peer Perform on January 05, 2024. On September 20, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $15 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $12.50 on May 24, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $13 on January 10, 2023. Mizuho upgraded its rating to Buy for this stock on August 16, 2022, and upped its price target to $17. In a note dated September 23, 2021, Wolfe Research initiated an Outperform rating and provided a target price of $19 on this stock.
SITE Centers Corp experienced fluctuations in its stock price throughout the past year between $8.39 and $18.15. Currently, Wall Street analysts expect the stock to reach $33.53 within the next 12 months. SITE Centers Corp [NYSE: SITC] shares were valued at $17.39 at the most recent close of the market. An investor can expect a potential return of 92.81% based on the average SITC price forecast.
Analyzing the SITC fundamentals
Trailing Twelve Months sales for SITE Centers Corp [NYSE:SITC] were 473.45M which represents -16.34% decline. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.00 points at the first support level, and at 16.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.61, and for the 2nd resistance point, it is at 17.82.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 0.42 and price to earnings (TTM) ratio is 2.04.
Transactions by insiders
Recent insider trading involved Fennerty Conor, EVP, CFO & Treasurer, that happened on Aug 21 ’24 when 5850.0 shares were sold. Officer, Fennerty Conor completed a deal on Aug 21 ’24 to buy 5850.0 shares. Meanwhile, Director Otto Alexander sold 0.42 million shares on Jul 31 ’24.
