SBA Communications Corp (NASDAQ: SBAC) has seen a decline in its stock price by -0.02 in relation to its previous close of 218.51. However, the company has experienced a -1.40% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-29 that SBA Communications Corporation reported mixed Q3 2024 results, with earnings per share and FFO exceeding estimates but revenue falling short, leading to a tepid market reaction. Despite revenue decline, the company raised full-year 2024 guidance, showing confidence in future performance and maintaining a bullish outlook. Shares have outperformed the S&P 500 by 22% since April, and the stock remains a decent ‘buy’ candidate due to its valuation and stability.
Is It Worth Investing in SBA Communications Corp (NASDAQ: SBAC) Right Now?
SBA Communications Corp (NASDAQ: SBAC) has a price-to-earnings ratio of 34.46x that is above its average ratio. Additionally, the 36-month beta value for SBAC is 0.66. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SBAC is 106.13M and currently, short sellers hold a 1.04% ratio of that float. The average trading volume of SBAC on November 15, 2024 was 845.01K shares.
SBAC’s Market Performance
SBAC stock saw a decrease of -1.40% in the past week, with a monthly decline of -12.17% and a quarterly a decrease of 0.14%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 2.30% for SBA Communications Corp (SBAC). The simple moving average for the past 20 days is -5.44% for SBAC’s stock, with a 1.66% simple moving average for the past 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 -7.70% 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 -15.57% of loss for the given period.
Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -11.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.38% lower at present.
During the last 5 trading sessions, SBAC fell by -1.40%, which changed the moving average for the period of 200-days by -2.41% in comparison to the 20-day moving average, which settled at $231.04. In addition, SBA Communications Corp saw -13.88% 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 DAY DONALD, who sale 1,500 shares at the price of $242.86 back on Sep 13 ’24. After this action, DAY DONALD now owns 4,998 shares of SBA Communications Corp, valued at $364,290 using the latest closing price.
Krouse George R Jr, the Director of SBA Communications Corp, sale 325 shares at $219.58 during a trade that took place back on Aug 21 ’24, which means that Krouse George R Jr is holding 8,084 shares at $71,364 based on the most recent closing price.
Stock Fundamentals for SBAC
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.58 for the gross margin
The net margin for SBA Communications Corp stands at 0.26. The total capital return value is set at 0.13.
Based on SBA Communications Corp (SBAC), the company’s capital structure generated 1.72 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 -2.38. The interest coverage ratio of the stock is 2.89.
Currently, EBITDA for the company is 1.79 billion with net debt to EBITDA at 7.91. When we switch over and look at the enterprise to sales, we see a ratio of 14.22. The receivables turnover for the company is 23.97for trailing twelve months and the total asset turnover is 0.26.
Conclusion
In conclusion, SBA Communications Corp (SBAC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
