SITE Centers Corp [SITC] stock prices are down -0.06% to $16.90 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SITC shares have lost -0.47% over the last week, with a monthly amount glided 45.29%, 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 07, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Wells Fargo downgraded its rating to Equal Weight on October 02, 2024, and kept the price target unchanged to $19. On January 05, 2024, downgrade downgraded it’s rating to Peer Perform. Wells Fargo upgraded its rating to a Overweight but stick to its price target of $15 on September 20, 2023. Wells Fargo initiated its recommendation with a Equal Weight and recommended $12.50 as its price target on May 24, 2023. Mizuho downgraded its rating to Neutral for this stock on January 10, 2023, and downed its price target to $13. In a note dated August 16, 2022, Mizuho upgraded an Buy rating on this stock and boosted its target price from $15 to $17.
The stock price of SITE Centers Corp [SITC] has been fluctuating between $8.39 and $18.15 over the past year. 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 $16.90 at the most recent close of the market. An investor can expect a potential return of 98.4% based on the average SITC price forecast.
Analyzing the SITC fundamentals
The SITE Centers Corp [NYSE:SITC] reported sales of 473.45M for trailing twelve months, representing a drop of -16.34%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 16.77 points at the first support level, and at 16.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.02, and for the 2nd resistance point, it is at 17.15.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 0.41 and price to earnings (TTM) ratio is 1.98.
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.