SITE Centers Corp [NYSE: SITC] jumped around 5.26 points on Tuesday, while shares priced at $17.06 at the close of the session, up 44.58%.
Compared to the average trading volume of 2.98M shares, SITC reached a trading volume of 4837611 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about SITE Centers Corp [SITC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SITC shares is $63.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SITC stock is a recommendation set at 2.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for SITE Centers Corp shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on January 05, 2024. The new note on the price target was released on September 20, 2023, representing the official price target for SITE Centers Corp stock. Previously, the target price had yet another raise to $12.50, while Wells Fargo analysts kept a Equal Weight rating on SITC stock. On January 10, 2023, analysts decreased their price target for SITC shares from 14 to 13.
The Average True Range (ATR) for SITE Centers Corp is set at 0.66, with the Price to Sales ratio for SITC stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 0.41, with the Price to Cash per share for the same quarter was set at 22.63. Price to Free Cash Flow for SITC in the course of the last twelve months was 6.97.
How has SITC stock performed recently?
SITE Centers Corp [SITC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 46.66. With this latest performance, SITC shares gained by 44.94% in over the last four-week period, additionally plugging by 54.98% over the last 6 months – not to mention a rise of 79.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SITC stock in for the last two-week period is set at 90.12, with the RSI for the last a single of trading hit 5.86, and the three-weeks RSI is set at 11.50 for SITE Centers Corp [SITC]. The present Moving Average for the last 50 days of trading for this stock 59.41, while it was recorded at 51.22 for the last single week of trading, and 57.05 for the last 200 days.
Earnings analysis for SITE Centers Corp [SITC]
With the latest financial reports released by the company, SITE Centers Corp posted 0.88/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.82. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SITC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SITE Centers Corp go to -6.04%.
Insider trade positions for SITE Centers Corp [SITC]
There are presently around $92.71%, or 101.63%% of SITC stock, in the hands of institutional investors. The top three institutional holders of SITC stocks are: BLACKROCK INC. with ownership of 34.75 million shares, which is approximately 16.6047%. VANGUARD GROUP INC, holding 29.53 million shares of the stock with an approximate value of $$428.14 million in SITC stocks shares; and VANGUARD GROUP INC, currently with $$356.03 million in SITC stock with ownership which is approximately 11.7321%.
