SBA Communications Corp (NASDAQ: SBAC) is -13.77% lower on its value in year-to-date trading and has touched a low of $183.64 and a high of $258.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SBAC stock was last observed hovering at around $228.36 in the last trading session, with the day’s loss setting it -9.61%.
Currently trading at $218.75, the stock is -7.90% and -8.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing -4.21% at the moment leaves the stock 1.69% off its SMA200. SBAC registered -0.95% loss for a year compared to 6-month gain of 10.92%. The firm has a 50-day simple moving average (SMA 50) of $238.0142 and a 200-day simple moving average (SMA200) of $215.17685.
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The stock witnessed a -8.33% loss in the last 1 month and extending the period to 3 months gives it a 0.86%, and is -5.66% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.52% over the week and 2.37% over the month.
SBA Communications Corp (SBAC) has around 1787 employees, a market worth around $23.52B and $2.66B in sales. Current P/E ratio is 34.51 and Fwd P/E is 24.09. Profit margin for the company is 25.76%. Distance from 52-week low is 19.12% and -15.46% from its 52-week high. The company has generated returns on investments over the last 12 months (9.62%).
The EPS is expected to grow by 60.50% this year
1021.0 institutions hold shares in SBA Communications Corp (SBAC), with institutional investors hold 99.84% of the company’s shares. The shares outstanding are 108.05M, and float is at 106.13M with Short Float at 2.45%. Institutions hold 99.01% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.46 million shares valued at $3.43 billion. The investor’s holdings represent 16.1495 of the SBAC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.26 million shares valued at $1.82 billion to account for 8.5632 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.56 million shares representing 4.2201 and valued at over $895.51 million, while PRINCIPAL FINANCIAL GROUP INC holds 3.889 of the shares totaling 4.2 million with a market value of $825.26 million.
SBA Communications Corp (SBAC) Insider Activity
The most recent transaction is an insider sale by DAY DONALD, the company’s EVP – SITE LEASING. SEC filings show that DAY DONALD sold 1,500 shares of the company’s common stock on Sep 13 ’24 at a price of $242.86 per share for a total of $0.36 million. Following the sale, the insider now owns 4998.0 shares.
SBA Communications Corp disclosed in a document filed with the SEC on Aug 21 ’24 that Krouse George R Jr (Director) sold a total of 325 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $219.58 per share for $71364.0. Following the transaction, the insider now directly holds 8084.0 shares of the SBAC stock.
Still, SEC filings show that on Aug 21 ’24, GEORGE R. KROUSE JR. (Director) Proposed Sale 325 shares at an average price of $219.58 for $71364.0. The insider now directly holds shares of SBA Communications Corp (SBAC).
