SBA Communications Corporation [NASDAQ: SBAC] closed the trading session at $290.00 on 06/11/20. The day’s price range saw the stock hit a low of $289.5304, while the highest price level was $306.09. The stocks have a year to date performance of 20.34 percent and weekly performance of -3.52 percent. The stock has been moved at 23.09 percent over the last six months. The stock has performed 0.29 percent around the most recent 30 days and changed 9.87 percent over the most recent 3-months.
If compared to the average trading volume of 929.80K shares, SBAC reached to a volume of 1053004 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about SBA Communications Corporation [SBAC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBAC shares is $326.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBAC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for SBA Communications Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 09, 2020. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on June 05, 2020, representing the official price target for SBA Communications Corporation stock. Previously, the target price had yet another raise to $365, while Credit Suisse analysts kept a Outperform rating on SBAC stock.
The Average True Range (ATR) for SBA Communications Corporation is set at 11.31, with the Price to Sales ratio for SBAC stock in the period of the last 12 months amounting to 16.06. Price to Free Cash Flow for SBAC in the course of the last twelve months was 42.29 with Quick ratio for the last quarter at 0.40.
SBAC stock trade performance evaluation
SBA Communications Corporation [SBAC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.52. With this latest performance, SBAC shares gained by 0.29% in over the last four-week period, additionally plugging by 23.09% over the last 6 months – not to mention a rise of 27.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SBAC stock in for the last two-week period is set at 43.83, with the RSI for the last a single of trading hit 40.30, and the three-weeks RSI is set at 47.78 for SBA Communications Corporation [SBAC]. The present Moving Average for the last 50 days of trading for this stock 295.17, while it was recorded at 299.24 for the last single week of trading, and 261.86 for the last 200 days.
SBA Communications Corporation [SBAC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and SBA Communications Corporation [SBAC] shares currently have an operating margin of +11.67 and a Gross Margin at +40.77. SBA Communications Corporation’s Net Margin is presently recorded at +7.30.
Return on Total Capital for SBAC is now 2.98, given the latest momentum, and Return on Invested Capital for the company is 2.09. Additionally, SBAC Total Debt to Total Capital is recorded at 139.89, with Total Debt to Total Assets ending up at 131.77.
Reflecting on the efficiency of the workforce at the company, SBA Communications Corporation [SBAC] managed to generate an average of $99,655 per employee. Receivables Turnover for the company is 3.97 with a Total Asset Turnover recorded at a value of 0.24.SBA Communications Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
Earnings per share (EPS) analysis for SBA Communications Corporation [SBAC] stock
With the latest financial reports released by the company, SBA Communications Corporation posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SBAC.
SBA Communications Corporation [SBAC]: Insider Ownership positions
There are presently around $32,873 million, or 96.80% of SBAC stock, in the hands of institutional investors. The top three institutional holders of SBAC stocks are: VANGUARD GROUP INC with ownership of 18,602,582, which is approximately 0.245% of the company’s market cap and around 0.70% of the total institutional ownership; BLACKROCK INC., holding 11,170,036 shares of the stock with an approximate value of $3.42 billion in SBAC stocks shares; and STATE STREET CORP, currently with $1.55 billion in SBAC stock with ownership of nearly -1.103% of the company’s market capitalization.
Positions in SBA Communications Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 310 institutional holders increased their position in SBA Communications Corporation [NASDAQ:SBAC] by around 8,078,928 shares. Additionally, 300 investors decreased positions by around 6,870,468 shares, while 78 investors held positions by with 92,435,613 shares. The mentioned changes placed institutional holdings at 107,385,009 shares, according to the latest SEC report filing. SBAC stock had 102 new institutional investments in for a total of 1,170,085 shares, while 69 institutional investors sold positions of 448,773 shares during the same period.