SITE Centers Corp (NYSE: SITC): Retirees Don’t Worry About Volatility

SITE Centers Corp (NYSE:SITC) currently has a daily average trading volume of 1.88M but it saw 2858619 shares traded in last market. With a market cap of 800.61M USD, the company’s current market price of $15.27 came falling about -0.97 while comparing to the previous closing price of $15.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.15 and as low as $10.19. In the recent trading on the day, stock has struck highest price mark of $15.21 while lowest mark touched by it was $15.69.

Taking a look at 20-day trading activity of SITE Centers Corp (SITC) gives us an average price of $15.63, while its current price level is -15.87% below from 52-week high level whereas it is 49.87% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.15 while that of 200 days or SMA-200 reads an average of $46.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.27% during that period while stretching the period over a month that decreases to 2.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.39 which implies that the stock is in neutral territory.

Wells Fargo downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on October 02, 2024 while assigning a price target of $19.

Over the week, SITC’s stock price is moving -0.78% down while it is -2.74% when we observe its performance for the past one month. Year-to-date it is 43.60% up and over the past year, the stock is showing an upside performance of 42.88%.

Currently, SITE Centers Corp’s total number of outstanding shares is 52.36M. Company’s return on investment (ROI) stands at 24.11% and return on equity (ROE) at 31.17%. It has a price to earnings ratio (P/E ratio) of 1.11. Stock’s beta reads 1.60. Stock has a price to book (P/B) ratio of 0.32 while price to sale or P/S ratio amounts to 1.77. Its return on asset (ROA) is 20.48% on average.