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After finishing at $245.00 in the prior trading day, SBA Communications Corp (NASDAQ: SBAC) closed at $239.91, down -2.08%. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 0.61 million shares were traded. SBAC stock price reached its highest trading level at $246.91 during the session, while it also had its lowest trading level at $239.77.
Ratios:
Our goal is to gain a better understanding of SBAC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 83.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.80.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on July 15, 2024, Downgraded its rating to Equal Weight and sets its target price to $220 from $230 previously.
On March 07, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $260.
BMO Capital Markets Upgraded its Market Perform to Outperform on December 15, 2023, whereas the target price for the stock was revised from $245 to $285.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when DAY DONALD sold 1,500 shares for $242.86 per share. The transaction valued at 364,290 led to the insider holds 4,998 shares of the business.
Krouse George R Jr sold 325 shares of SBAC for $71,364 on Aug 21 ’24. The Director now owns 8,084 shares after completing the transaction at $219.58 per share. On Aug 21 ’24, another insider, GEORGE R. KROUSE JR., who serves as the Director of the company, bought 325 shares for $219.58 each.
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 25783607296 and an Enterprise Value of 39901954048. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 50.54, and their Forward P/E ratio for the next fiscal year is 26.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.64. Its current Enterprise Value per Revenue stands at 14.912 whereas that against EBITDA is 22.221.
Stock Price History:
Over the past 52 weeks, SBAC has reached a high of $258.76, while it has fallen to a 52-week low of $183.64. The 50-Day Moving Average of the stock is 8.31%, while the 200-Day Moving Average is calculated to be 10.83%.
Shares Statistics:
The stock has traded on average 865.22K shares per day over the past 3-months and 845840 shares per day over the last 10 days, according to various share statistics. A total of 108.05M shares are outstanding, with a floating share count of 106.08M. Insiders hold about 1.29% of the company’s shares, while institutions hold 95.06% stake in the company. Shares short for SBAC as of 1724976000 were 2178088 with a Short Ratio of 2.52, compared to 1722384000 on 2193756. Therefore, it implies a Short% of Shares Outstanding of 2178088 and a Short% of Float of 2.4400001000000002.
Dividends & Splits
In the trailing 12 months, SBAC’s forward annual dividend rate was 3.66, compared to 3.79 this year. Against a Trailing Annual Dividend Yield of 0.014938775The stock’s 5-year Average Dividend Yield is 0.91.
