On Tuesday, SBA Communications Corp (NASDAQ: SBAC) opened lower -2.63% from the last session, before settling in for the closing price of $223.26. Price fluctuations for SBAC have ranged from $183.64 to $258.76 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 60.66% at the time writing. With a float of $105.97 million, this company’s outstanding shares have now reached $107.51 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 57.86%, operating margin of 45.07%, and the pretax margin is 28.38%.
SBA Communications Corp (SBAC) Insider Updates
A key investor’s attitude towards the stock of the REIT – Specialty industry is another important factor to consider. The insider ownership of SBA Communications Corp is 1.45%, while institutional ownership is 96.86%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.39 per share during the current fiscal year.
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
Check out the current performance indicators for SBA Communications Corp (SBAC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.78. Likewise, its price to free cash flow for the trailing twelve months is 25.50.
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)
The latest stats from [SBA Communications Corp, SBAC] show that its last 5-days average volume of 0.87 million was inferior to 0.91 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 31.27%. Additionally, its Average True Range was 4.74.
During the past 100 days, SBA Communications Corp’s (SBAC) raw stochastic average was set at 26.65%, which indicates a significant increase from 9.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.09% in the past 14 days, which was lower than the 22.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $230.44, while its 200-day Moving Average is $215.59. Now, the first resistance to watch is $221.04. This is followed by the second major resistance level at $224.69. The third major resistance level sits at $227.01. If the price goes on to break the first support level at $215.06, it is likely to go to the next support level at $212.74. Assuming the price breaks the second support level, the third support level stands at $209.09.
SBA Communications Corp (NASDAQ: SBAC) Key Stats
There are currently 107,523K shares outstanding in the company with a market cap of 23.37 billion. Presently, the company’s annual sales total 2,712 M according to its annual income of 501,810 K. Last quarter, the company’s sales amounted to 667,600 K and its income totaled 258,530 K.
