A share price of SBA Communications Corp [SBAC] is currently trading at $195.95, down -0.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SBAC shares have lost -4.43% over the last week, with a monthly amount drifted -8.89%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SBA Communications Corp [NASDAQ: SBAC] stock has seen the most recent analyst activity on March 07, 2024, when BofA Securities upgraded its rating to a Buy but kept the price target unchanged to $260 for it. Previously, BMO Capital Markets upgraded its rating to Outperform on December 15, 2023, and elevated its price target to $285. On August 10, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $245 on the stock. BMO Capital Markets started tracking the stock assigning a Market Perform rating and suggested a price target of $260 on July 13, 2023. MoffettNathanson upgraded its rating to a Outperform and reduced its price target to $312 on March 30, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on January 25, 2023. In a note dated April 11, 2022, MoffettNathanson downgraded an Neutral rating on this stock and revised its target price from $393 to $380.
SBA Communications Corp experienced fluctuations in its stock price throughout the past year between $185.23 and $266.77. Currently, Wall Street analysts expect the stock to reach $354.13 within the next 12 months. SBA Communications Corp [NASDAQ: SBAC] shares were valued at $195.95 at the most recent close of the market. An investor can expect a potential return of 80.72% based on the average SBAC price forecast.
Analyzing the SBAC fundamentals
Trailing Twelve Months sales for SBA Communications Corp [NASDAQ:SBAC] were 2.71B which represents -1.61% decline. 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 0.09. 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 193.96 points at the first support level, and at 191.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 197.91, and for the 2nd resistance point, it is at 199.88.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.81 and price to earnings (TTM) ratio is 42.52.
Transactions by insiders
Recent insider trading involved Chan Mary S, Director, that happened on Mar 05 ’24 when 1977.0 shares were sold. EVP – Site Leasing, SILBERSTEIN JASON V completed a deal on Dec 14 ’23 to sell 16465.0 shares. Meanwhile, SVP & Chief Accounting Officer Lazarus Brian D sold 20605.0 shares on Dec 13 ’23.
