In the latest session, SBA Communications Corp (NASDAQ: SBAC) closed at $205.04 up 0.32% from its previous closing price of $204.38. In other words, the price has increased by $+0.66 from its previous closing price. On the day, 786768 shares were traded.
Ratios:
For a deeper understanding of SBA Communications Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 89.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.82.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 22.16B and an Enterprise Value of 36.42B. As of this moment, SBA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.50, and their Forward P/E ratio for the next fiscal year is 34.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.17. Its current Enterprise Value per Revenue stands at 13.43 whereas that against EBITDA is 21.41.
Stock Price History:
Over the past 52 weeks, SBAC has reached a high of $267.42, while it has fallen to a 52-week low of $185.23. The 50-Day Moving Average of the stock is 214.45, while the 200-Day Moving Average is calculated to be 222.78.
Shares Statistics:
For the past three months, SBAC has traded an average of 1.06M shares per day and 927.83k over the past ten 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 98.82% stake in the company. Shares short for SBAC as of Mar 15, 2024 were 2.28M with a Short Ratio of 2.57, compared to 2.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.11% and a Short% of Float of 2.55%.
Dividends & Splits
According to the company, the forward annual dividend rate for SBAC is 3.53, from 3.40 in the trailing year. Against a Trailing Annual Dividend Yield of 1.66%, it implies a Forward Annual Dividend Yield of 1.80%.
