SBA Communications Corp [SBAC] stock prices are up 3.52% to $204.18 at the moment. 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 2.24% over the last week, with a monthly amount drifted -4.71%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
SBA Communications Corp [NASDAQ: SBAC] stock has seen the most recent analyst activity on December 18, 2024, when BMO Capital Markets downgraded its rating to a Market Perform and also revised its price target to $230 from $260. Previously, Wells Fargo downgraded its rating to Equal Weight on July 15, 2024, and dropped its price target to $220. On March 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $260 on the stock. BMO Capital Markets upgraded its rating to a Outperform and increased its price target to $285 on December 15, 2023. BofA Securities downgraded its rating to a Neutral but $245 remained the price target by the analyst firm on August 10, 2023. BMO Capital Markets started tracking with a Market Perform rating for this stock on July 13, 2023, and assigned it a price target of $260. In a note dated March 30, 2023, MoffettNathanson upgraded an Outperform rating on this stock and revised its target price from $330 to $312.
The stock price of SBA Communications Corp [SBAC] has been fluctuating between $183.64 and $252.64 over the past year. Currently, Wall Street analysts expect the stock to reach $247.2 within the next 12 months. SBA Communications Corp [NASDAQ: SBAC] shares were valued at $204.18 at the most recent close of the market. An investor can expect a potential return of 21.07% based on the average SBAC price forecast.
Analyzing the SBAC fundamentals
The SBA Communications Corp [NASDAQ:SBAC] reported sales of 2.66B for trailing twelve months, representing a drop of -2.19%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is -0.13 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.81.
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 199.71 points at the first support level, and at 195.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.83, and for the 2nd resistance point, it is at 209.47.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.25 and price to earnings (TTM) ratio is 32.21.
Transactions by insiders
Recent insider trading involved DAY DONALD, EVP – SITE LEASING, that happened on Dec 20 ’24 when 2321.0 shares were sold. EVP – OPERATIONS, Ciarfella Mark R completed a deal on Dec 09 ’24 to sell 3545.0 shares. Meanwhile, EVP – SITE LEASING DAY DONALD sold 1500.0 shares on Sep 13 ’24.
