SBA Communications Corp (SBAC) average volume reaches $859.23K: Is Wall Street expecting a rally?

On Tuesday, SBA Communications Corp (NASDAQ: SBAC) was -0.97% drop from the session before settling in for the closing price of $221.61. A 52-week range for SBAC has been $183.64 – $258.76.

During the last 5-year period, the sales growth of Real Estate Sector giant was 7.85%. When this article was written, the company’s average yearly earnings per share was at 60.66%. With a float of $105.92 million, this company’s outstanding shares have now reached $108.05 million.

Let’s determine the extent of company efficiency that accounts for 1787 employees. In terms of profitability, gross margin is 57.86%, operating margin of 45.07%, and the pretax margin is 28.38%.

SBA Communications Corp (SBAC) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward SBA Communications Corp stocks. The insider ownership of SBA Communications Corp is 1.49%, while institutional ownership is 97.22%. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 60.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.77% 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

You can see what SBA Communications Corp (SBAC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.87. Likewise, its price to free cash flow for the trailing twelve months is 25.75.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.34, a number that is poised to hit 2.11 in the next quarter and is forecasted to reach 9.02 in one year’s time.

Technical Analysis of SBA Communications Corp (SBAC)

Looking closely at SBA Communications Corp (NASDAQ: SBAC), its last 5-days average volume was 0.87 million, which is a drop from its year-to-date volume of 0.93 million. As of the previous 9 days, the stock’s Stochastic %D was 56.83%. Additionally, its Average True Range was 5.33.

During the past 100 days, SBA Communications Corp’s (SBAC) raw stochastic average was set at 49.42%, which indicates a significant increase from 34.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.35% in the past 14 days, which was lower than the 25.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $235.52, while its 200-day Moving Average is $214.85. However, in the short run, SBA Communications Corp’s stock first resistance to watch stands at $221.91. Second resistance stands at $224.35. The third major resistance level sits at $225.72. If the price goes on to break the first support level at $218.10, it is likely to go to the next support level at $216.73. Should the price break the second support level, the third support level stands at $214.29.

SBA Communications Corp (NASDAQ: SBAC) Key Stats

There are 107,523K outstanding shares of the company, which has a market capitalization of 23.60 billion. As of now, sales total 2,712 M while income totals 501,810 K. Its latest quarter income was 667,600 K while its last quarter net income were 258,530 K.