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The price of SBA Communications Corp (NASDAQ: SBAC) closed at $189.12 in the last session, up 1.61% from day before closing price of $186.12. In other words, the price has increased by $1.61 from its previous closing price. On the day, 1.69 million shares were traded. SBAC stock price reached its highest trading level at $194.53 during the session, while it also had its lowest trading level at $183.64.
Ratios:
We take a closer look at SBAC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 78.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.44.
On December 15, 2023, BMO Capital Markets Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $245 to $285.
BofA Securities Downgraded its Buy to Neutral on August 10, 2023, while the target price for the stock was maintained at $245.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 05 ’24 when Chan Mary S sold 1,977 shares for $217.99 per share. The transaction valued at 430,966 led to the insider holds 4,622 shares of the business.
SILBERSTEIN JASON V sold 16,465 shares of SBAC for $4,205,886 on Dec 14 ’23. The EVP – Site Leasing now owns 29,908 shares after completing the transaction at $255.44 per share. On Dec 13 ’23, another insider, Lazarus Brian D, who serves as the SVP & Chief Accounting Officer of the company, sold 20,605 shares for $249.35 each. As a result, the insider received 5,137,906 and left with 7,085 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBAC now has a Market Capitalization of 20402264064 and an Enterprise Value of 34631077888. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.07, and their Forward P/E ratio for the next fiscal year is 23.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.59. Its current Enterprise Value per Revenue stands at 12.855 whereas that against EBITDA is 19.215.
Stock Price History:
Over the past 52 weeks, SBAC has reached a high of $263.08, while it has fallen to a 52-week low of $185.23. The 50-Day Moving Average of the stock is -9.64%, while the 200-Day Moving Average is calculated to be -14.11%.
Shares Statistics:
According to the various share statistics, SBAC traded on average about 1.06M shares per day over the past 3-months and 1041620 shares per day over the past 10 days. A total of 108.05M shares are outstanding, with a floating share count of 106.94M. Insiders hold about 1.08% of the company’s shares, while institutions hold 98.99% stake in the company. Shares short for SBAC as of 1713139200 were 2538048 with a Short Ratio of 2.39, compared to 1710460800 on 2282044. Therefore, it implies a Short% of Shares Outstanding of 2538048 and a Short% of Float of 2.8299998.
Dividends & Splits
The forward annual dividend rate for SBAC is 3.53, which was 3.53 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01896626
