SBA Communications Corp (NASDAQ: SBAC) is -20.75% lower on its value in year-to-date trading and has touched a low of $183.64 and a high of $256.68 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 $208.99 in the last trading session, with the day’s loss setting it -7.93%.
Currently trading at $201.06, the stock is -8.29% and -11.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing -3.79% at the moment leaves the stock -6.78% off its SMA200. SBAC registered -18.44% loss for a year compared to 6-month gain of 5.39%. The firm has a 50-day simple moving average (SMA 50) of $227.8484 and a 200-day simple moving average (SMA200) of $215.7534.
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The stock witnessed a -9.27% loss in the last 1 month and extending the period to 3 months gives it a -15.62%, and is -7.01% 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 2.20% over the week and 1.85% over the month.
SBA Communications Corp (SBAC) has around 1787 employees, a market worth around $21.62B and $2.66B in sales. Current P/E ratio is 31.72 and Fwd P/E is 22.30. Profit margin for the company is 25.76%. Distance from 52-week low is 9.49% and -21.67% 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 60.66% this year
1040.0 institutions hold shares in SBA Communications Corp (SBAC), with institutional investors hold 99.86% of the company’s shares. The shares outstanding are 107.51M, and float is at 105.97M with Short Float at 1.04%. Institutions hold 99.04% 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 Ciarfella Mark R, the company’s EVP – OPERATIONS. SEC filings show that Ciarfella Mark R sold 3,545 shares of the company’s common stock on Dec 09 ’24 at a price of $224.33 per share for a total of $0.8 million. Following the sale, the insider now owns 33588.0 shares.
SBA Communications Corp disclosed in a document filed with the SEC on Sep 13 ’24 that DAY DONALD (EVP – SITE LEASING) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $242.86 per share for $0.36 million. Following the transaction, the insider now directly holds 4998.0 shares of the SBAC stock.
Still, SEC filings show that on Aug 21 ’24, Krouse George R Jr (Director) disposed off 325 shares at an average price of $219.58 for $71364.0. The insider now directly holds 8,084 shares of SBA Communications Corp (SBAC).
