SBA Communications Corp (NASDAQ:SBAC) shares, rose in value, with the stock price down by -0.86% to the previous day’s close as strong demand from buyers drove the stock to $196.23.
Actively observing the price movement in the last trading, the stock closed the session at $197.93. The PE ratio was 42.58 over 12-month period. Referring to stock’s 52-week performance, its high was $263.08, and the low was $185.23. On the whole, SBAC has fluctuated by -10.02% over the past month.
The company’s Forward Dividend Ratio is 3.53, with its dividend yield at 1.80%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.69B, with a low estimate of 654M and a high estimate of 683.78M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 669.97M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SBAC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.30, with the price of SBAC currently trading nearly -4.36% and -6.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.03, while the 7-day volatility ratio is showing 1.98% which for the 30-day chart, stands at 2.12%. Furthermore, SBA Communications Corp (SBAC)’s beta value is 0.57, and its average true range (ATR) is 4.57.
A comparison of SBA Communications Corp (SBAC) with its peers suggests the former has fared considerably weaker in the market. SBAC showed an intraday change of -0.86% in last session, and over the past year, it shrunk by -21.57%%.
Data on historical trading for SBA Communications Corp (NASDAQ:SBAC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 108.05 million shares outstanding.
Nearly 1.08% of SBA Communications Corp’s shares belong to company insiders and institutional investors own 97.60% of the company’s shares. The stock has fallen by -22.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SBAC stock heading into the next quarter.
