The stock price of SBA Communications Corp (NASDAQ: SBAC) has jumped by 0.29 compared to previous close of 217.82. Despite this, the company has seen a gain of 5.36% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-29 that SBA Communications Corporation (NASDAQ:SBAC ) Q2 2024 Earnings Call Transcript July 29, 2024 5:00 PM ET Company Participants Mark DeRussy – VP of Finance Brendan Cavanagh – CEO Marc Montagner – CFO Conference Call Participants David Barden – Bank of America Simon Flannery – Morgan Stanley Jim Schneider – Goldman Sachs Michael Elias – TD Cowen Richard Choe – JPMorgan Ric Prentiss – Raymond James Jon Atkin – RBC Michael Rollins – Citi Nick Del Deo – MoffettNathanson Brandon Nispel – KeyBanc Matt Niknam – Deutsche Bank Brendan Lynch – Barclays Ari Klein – BMO Capital Markets Jonathan Chaplin – New Street Batya Levi – UBS David Guarino – Green Street Operator Ladies and gentlemen, thank you for standing by. Welcome to the SBA Second Quarter Results Conference Call.
Is It Worth Investing in SBA Communications Corp (NASDAQ: SBAC) Right Now?
SBA Communications Corp (NASDAQ: SBAC) has a price-to-earnings ratio that is above its average at 42.79x. The stock has a 36-month beta value of 0.63. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for SBAC is 106.44M, and at present, short sellers hold a 1.93% of that float. On July 30, 2024, the average trading volume of SBAC was 905.29K shares.
SBAC’s Market Performance
SBAC stock saw an increase of 5.36% in the past week, with a monthly gain of 11.28% and a quarterly increase of 8.20%. The volatility ratio for the week is 2.22%, and the volatility levels for the last 30 days are 2.31% for SBA Communications Corp (SBAC). The simple moving average for the last 20 days is 6.77% for SBAC’s stock, with a simple moving average of 1.81% for the last 200 days.
Analysts’ Opinion of SBAC
Many brokerage firms have already submitted their reports for SBAC stocks, with Wells Fargo repeating the rating for SBAC by listing it as a “Equal Weight.” The predicted price for SBAC in the upcoming period, according to Wells Fargo is $220 based on the research report published on July 15, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see SBAC reach a price target of $260. The rating they have provided for SBAC stocks is “Buy” according to the report published on March 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to SBAC, setting the target price at $285 in the report published on December 15th of the previous year.
SBAC Trading at 10.04% 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 -15.58% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +14.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.35% upper at present.
During the last 5 trading sessions, SBAC rose by +5.05%, which changed the moving average for the period of 200-days by +8.03% in comparison to the 20-day moving average, which settled at $206.01. In addition, SBA Communications Corp saw -13.89% 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:
- 0.34 for the present operating margin
- 0.61 for the gross margin
The net margin for SBA Communications Corp stands at 0.21. The total capital return value is set at 0.12.
Based on SBA Communications Corp (SBAC), the company’s capital structure generated 1.73 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 -2.37. The interest coverage ratio of the stock is 2.18.
Currently, EBITDA for the company is 1.84 billion with net debt to EBITDA at 6.59. 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 3.83for trailing twelve months and the total asset turnover is 0.27.
Conclusion
To sum up, SBA Communications Corp (SBAC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
