SITE CENTERS CORP.

SITC
Delayed Quote. Delayed  - 01/15 04:10:00 pm
11.44USD +2.23%

SITE Centers Corp. : The technical configuration is deteriorating

David Meurisse
Contributor / Partner

Strategy published on : 06/30/2020 | 09:58

short sell
Stop-loss triggered

Entry price : 7.89$
Target : 6.1$
Stop-loss : 9.04$
Potential : 22.69%

Shares in SITE Centers Corp. reflect a technical chart that has deteriorated, suggesting that the beginning of a tendency reversal is near, which could lead to a somewhat longer downward-trading phase.
Investors should open a short trade and target the $ 6.1.

Summary

● The company usually posts poor financials for mid or long term investments.

● For a short-term investment strategy, the company has poor fundamentals.


Strengths

● This company will be of major interest to investors in search of a high dividend stock.


Weaknesses

● According to forecast, a sluggish sales growth is expected for the next fiscal years.

● Low profitability weakens the company.

● The company is in a hindered financial situation with significant debt and rather low EBITDA levels.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 43.41 and 90.62 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.

● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.

● Analysts covering the stock have recently lowered their earnings forecast.

● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

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