SBA Communications Corp [SBAC] stock is trading at $216.50, up 2.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SBAC shares have gain 8.28% over the last week, with a monthly amount drifted -3.65%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, SBA Communications Corporation to Speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom Conference. In a post published today on Yahoo Finance, SBA Communications Corporation (NASDAQ: SBAC) (“SBA”) announces that Brendan Cavanagh, President and Chief Executive Officer, is scheduled to speak at the 32nd Annual Deutsche Bank Media, Internet and Telecom Conference, Tuesday, March 12, 2024 at 1:50 pm ET. The conference will be at The Breakers Hotel in Palm Beach, Florida. The audio presentation for SBA can be accessed by visiting www.sbasite.com.
From an analyst’s perspective:
SBA Communications Corp [NASDAQ: SBAC] stock has seen the most recent analyst activity on December 15, 2023, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $285 from $245. Previously, BofA Securities downgraded its rating to Neutral on August 10, 2023, and kept the price target unchanged to $245. On July 13, 2023, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $260 on the stock. MoffettNathanson upgraded its rating to a Outperform and decreased its price target to $312 on March 30, 2023. Wolfe Research upgraded its rating to a Peer Perform. MoffettNathanson downgraded its rating to Neutral for this stock on April 11, 2022, and downed its price target to $380. In a note dated January 10, 2022, Jefferies downgraded an Hold rating on this stock and revised its target price from $405 to $377.
SBA Communications Corp [SBAC] stock has fluctuated between $185.23 and $267.42 over the past year. Currently, Wall Street analysts expect the stock to reach $366.5 within the next 12 months. SBA Communications Corp [NASDAQ: SBAC] shares were valued at $216.50 at the most recent close of the market. An investor can expect a potential return of 69.28% based on the average SBAC price forecast.
Analyzing the SBAC fundamentals
SBA Communications Corp [NASDAQ:SBAC] reported sales of 2.71B for the trailing twelve months, which represents a drop of -1.61%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -0.1 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 212.71 points at the first support level, and at 208.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 220.63, and for the 2nd resistance point, it is at 224.76.
SBA Communications Corp [SBAC] reported earnings per share of $1.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.37/share, meaning a difference of -$0.36 and a surprise factor of -26.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.8 per share as compared to estimates of $1.19 per share, a difference of -$0.39 representing a surprise of -32.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.63 and price to earnings (TTM) ratio is 46.98.
Transactions by insiders
Recent insider trading involved SILBERSTEIN JASON V, EVP – Site Leasing, that happened on Dec 14 when 16465.0 shares were sold. SVP & Chief Accounting Officer, Lazarus Brian D completed a deal on Dec 13 to sell 20605.0 shares. Meanwhile, Chairman BERNSTEIN STEVEN E sold 7300.0 shares on Dec 06.
