SBA Communications Corp (NASDAQ: SBAC) on Monday, plunged -1.62% from the previous trading day, before settling in for the closing price of $247.47. Within the past 52 weeks, SBAC’s price has moved between $183.64 and $258.76.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 7.85%. The company achieved an average annual earnings per share of 59.92%. With a float of $106.08 million, this company’s outstanding shares have now reached $108.05 million.
The extent of productivity of a business whose workforce counts for 1787 workers is very important to gauge. In terms of profitability, gross margin is 58.11%, operating margin of 40.07%, and the pretax margin is 20.56%.
SBA Communications Corp (SBAC) Insider and Institutional Ownership
Observing investor behavior towards REIT – Specialty industry stocks is more important than anything else. The insider ownership of SBA Communications Corp is 1.30%, while institutional ownership is 95.12%. The most recent insider transaction that took place on Sep 13 ’24, was worth 364,290. In this transaction EVP – SITE LEASING of this company sold 1,500 shares at a rate of $242.86, taking the stock ownership to the 4,998 shares. Before that another transaction happened on Aug 21 ’24, when Company’s Director sold 325 for $219.58, making the entire transaction worth $71,364. This insider now owns 8,084 shares in total.
SBA Communications Corp (SBAC) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.8 earnings per share (EPS) for the period falling under the consensus outlook (set at 1.19) by -0.39. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.92% during the next five years compared to 62.23% growth over the previous five years of trading.
SBA Communications Corp (NASDAQ: SBAC) Trading Performance Indicators
SBA Communications Corp (SBAC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.78. Likewise, its price to free cash flow for the trailing twelve months is 24.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.75, a number that is poised to hit 2.26 in the next quarter and is forecasted to reach 9.07 in one year’s time.
Technical Analysis of SBA Communications Corp (SBAC)
The latest stats from [SBA Communications Corp, SBAC] show that its last 5-days average volume of 1.19 million was superior to 0.92 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 69.30%. Additionally, its Average True Range was 5.29.
During the past 100 days, SBA Communications Corp’s (SBAC) raw stochastic average was set at 86.02%, which indicates a significant increase from 58.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.57% in the past 14 days, which was lower than the 25.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $234.56, while its 200-day Moving Average is $215.39. Now, the first resistance to watch is $247.60. This is followed by the second major resistance level at $251.73. The third major resistance level sits at $254.84. If the price goes on to break the first support level at $240.36, it is likely to go to the next support level at $237.25. The third support level lies at $233.12 if the price breaches the second support level.
SBA Communications Corp (NASDAQ: SBAC) Key Stats
Market capitalization of the company is 26.17 billion based on 107,443K outstanding shares. Right now, sales total 2,712 M and income totals 501,810 K. The company made 660,480 K in profit during its latest quarter, and 162,830 K in sales during its previous quarter.
