SBA Communications Corp (SBAC) Stock: A SWOT Analysis

The price-to-earnings ratio for SBA Communications Corp (NASDAQ: SBAC) is above average at 46.58x, Company’s 36-month beta value is 0.55.Analysts have differing opinions on the stock, with 11 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”

The public float for SBAC is 106.94M, and currently, short sellers hold a 2.13% ratio of that floaft. The average trading volume of SBAC on April 04, 2024 was 1.03M shares.

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SBAC) stock’s latest price update

SBA Communications Corp (NASDAQ: SBAC) has experienced a rise in its stock price by 0.79 compared to its previous closing price of 212.95. However, the company has seen a gain of 0.20% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that SBA Communications (SBAC) reported earnings 30 days ago. What’s next for the stock?

SBAC’s Market Performance

SBAC’s stock has risen by 0.20% in the past week, with a monthly rise of 1.22% and a quarterly drop of -15.82%. The volatility ratio for the week is 2.15% while the volatility levels for the last 30 days are 2.04% for SBA Communications Corp The simple moving average for the last 20 days is -1.08% for SBAC’s stock, with a simple moving average of -3.86% for the last 200 days.

Analysts’ Opinion of SBAC

Many brokerage firms have already submitted their reports for SBAC stocks, with BofA Securities repeating the rating for SBAC by listing it as a “Buy.” The predicted price for SBAC in the upcoming period, according to BofA Securities is $260 based on the research report published on March 07, 2024 of the current year 2024.

BMO Capital Markets, on the other hand, stated in their research note that they expect to see SBAC reach a price target of $285, previously predicting the price at $245. The rating they have provided for SBAC stocks is “Outperform” according to the report published on December 15th, 2023.

BofA Securities gave a rating of “Neutral” to SBAC, setting the target price at $245 in the report published on August 10th of the previous year.

SBAC Trading at -1.04% from the 50-Day Moving Average

After a stumble in the market that brought SBAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.74% of loss for the given period.

Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -0.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.19% lower at present.

During the last 5 trading sessions, SBAC rose by +0.20%, which changed the moving average for the period of 200-days by -8.25% in comparison to the 20-day moving average, which settled at $216.89. In addition, SBA Communications Corp saw -15.39% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SBAC starting from Chan Mary S, who sale 1,977 shares at the price of $217.99 back on Mar 05 ’24. After this action, Chan Mary S now owns 4,622 shares of SBA Communications Corp, valued at $430,966 using the latest closing price.

SILBERSTEIN JASON V, the EVP – Site Leasing of SBA Communications Corp, sale 16,465 shares at $255.44 during a trade that took place back on Dec 14 ’23, which means that SILBERSTEIN JASON V is holding 29,908 shares at $4,205,886 based on the most recent closing price.

Stock Fundamentals for SBAC

Current profitability levels for the company are sitting at:

  • 0.29 for the present operating margin
  • 0.63 for the gross margin

The net margin for SBA Communications Corp stands at 0.19. The total capital return value is set at 0.09.

Based on SBA Communications Corp (SBAC), the company’s capital structure generated 1.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at -2.44. The interest coverage ratio of the stock is 1.8.

Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 7.65. When we switch over and look at the enterprise to sales, we see a ratio of 13.8. The receivables turnover for the company is 3.62for trailing twelve months and the total asset turnover is 0.27.

Conclusion

In a nutshell, SBA Communications Corp (SBAC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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