A share price of SBA Communications Corp [SBAC] is currently trading at $239.91, down -0.85%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SBAC shares have gain 1.54% over the last week, with a monthly amount glided 2.87%, and 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 July 15, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $220 from $230. Previously, BofA Securities upgraded its rating to Buy on March 07, 2024, and kept the price target unchanged to $260. On December 15, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $285 on the stock. BofA Securities downgraded its rating to a Neutral but stick to its price target of $245 on August 10, 2023. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $260 as its price target on July 13, 2023. MoffettNathanson upgraded its rating to Outperform for this stock on March 30, 2023, and downed its price target to $312. In a note dated January 25, 2023, Wolfe Research upgraded an Peer Perform rating on this stock.
SBA Communications Corp experienced fluctuations in its stock price throughout the past year between $183.64 and $258.76. Currently, Wall Street analysts expect the stock to reach $315.82 within the next 12 months. SBA Communications Corp [NASDAQ: SBAC] shares were valued at $239.91 at the most recent close of the market. An investor can expect a potential return of 31.64% based on the average SBAC price forecast.
Analyzing the SBAC fundamentals
Trailing Twelve Months sales for SBA Communications Corp [NASDAQ:SBAC] were 2.68B which represents -2.66% decline. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.21%, 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 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.31.
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 237.83 points at the first support level, and at 235.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 241.79, and for the 2nd resistance point, it is at 243.66.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.64 and price to earnings (TTM) ratio is 50.54.
Transactions by insiders
Recent insider trading involved DAY DONALD, EVP – SITE LEASING, that happened on Sep 13 ’24 when 1500.0 shares were sold. Director, Krouse George R Jr completed a deal on Aug 21 ’24 to sell 325.0 shares. Meanwhile, Director GEORGE R. KROUSE JR. bought 325.0 shares on Aug 21 ’24.
