SBA Communications Corp (NASDAQ:SBAC) shares, rose in value on Friday, May 09, with the stock price up by 1.30% to the previous day’s close as strong demand from buyers drove the stock to $239.69.
Actively observing the price movement in the last trading, the stock closed the session at $236.62. The PE ratio was 31.73 over 12-month period. Referring to stock’s 52-week performance, its high was $252.64, and the low was $185.44. On the whole, SBAC has fluctuated by 12.99% over the past month.
With the market capitalization of SBA Communications Corp currently standing at about $25.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 4.05, with its dividend yield at 1.69%.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.78, with the price of SBAC currently trading nearly 3.35% and 7.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.51, while the 7-day volatility ratio is showing 2.01% which for the 30-day chart, stands at 2.77%. Furthermore, SBA Communications Corp (SBAC)’s beta value is 0.81, and its average true range (ATR) is 6.47.
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 1.30% in last session, and over the past year, it grew by 22.29%%.
Data on historical trading for SBA Communications Corp (NASDAQ:SBAC) indicates that the trading volumes over the past 3 months, they’ve averaged 1.01 million. According to company’s latest data on outstanding shares, there are 108.03 million shares outstanding.
Nearly 1.52% of SBA Communications Corp’s shares belong to company insiders and institutional investors own 98.68% of the company’s shares. The stock has risen by 17.61% 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.
