SBA Communications Corp (NASDAQ: SBAC)’s stock price has dropped by -0.54 in relation to previous closing price of 199.00. Nevertheless, the company has seen a gain of 1.01% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Get a deeper insight into the potential performance of SBA Communications (SBAC) for the quarter ended March 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Is It Worth Investing in SBA Communications Corp (NASDAQ: SBAC) Right Now?
SBA Communications Corp (NASDAQ: SBAC) has a higher price-to-earnings ratio of 42.95x compared to its average ratio, The 36-month beta value for SBAC is at 0.57. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for SBAC is 106.94M, and currently, shorts hold a 2.37% of that float. The average trading volume for SBAC on April 26, 2024 was 1.05M shares.
SBAC’s Market Performance
SBAC stock saw a decrease of 1.01% in the past week, with a monthly decline of -7.60% and a quarterly a decrease of -14.89%. The volatility ratio for the week is 1.77%, and the volatility levels for the last 30 days are 2.10% for SBA Communications Corp (SBAC). The simple moving average for the last 20 days is -4.00% for SBAC’s stock, with a simple moving average of -10.50% 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 -5.92% 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 -24.76% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -9.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.25% lower at present.
During the last 5 trading sessions, SBAC rose by +1.01%, which changed the moving average for the period of 200-days by -18.15% in comparison to the 20-day moving average, which settled at $205.17. In addition, SBA Communications Corp saw -21.98% 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 13.13. The receivables turnover for the company is 3.62for trailing twelve months and the total asset turnover is 0.27.
Conclusion
In conclusion, SBA Communications Corp (SBAC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
