SBA Communications Corporation (REIT) (NASDAQ:SBAC) went up by 1.03% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the REIT – Specialty giant went up by $305.49 to trade ended Tuesday trading at $302.39. This is up from the $302.39 price recorded on Monday’s trading session. Thanks to this latest performance, SBAC is closer to the higher price 52-week target of $361.00 and further from the lowest price target of $309.00. Its performance from the start of the year has also been positive, with SBAC up by 26.76% year-to-date.
SBA Communications Corporation (REIT) (SBAC) started the day trading at $300.23 and recorded an intraday high of $310.86. It also recorded an intraday low of $298.91 during Tuesday’s trading session. SBA Communications Corporation (REIT) is a very active stock that recorded a trading volume that is less than -53.94% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 548976, which is less than -53.94 of the total average daily trading volume of 845.09K.
SBA Communications Corporation (REIT) (NASDAQ:SBAC) 2020 Performance Impressive
The increase in SBAC’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SBAC currently stands at $323.02, which is higher than the current trading price of the stock by 5.43%. However, SBAC’s current trading price is -48.87% lower than the 52-week low price of $205.20. In terms of trading volume, SBA Communications Corporation (REIT) currently experienced healthy participation during the last trading session. 548976 shares of SBA Communications Corporation (REIT) were traded on the stock exchange on Tuesday, which is less than -53.94% of the 845.09K average trading volume of the stock.
The performance of the stock has been positive over the past year. SBAC’s performance over the past one year has seen it surge by 30.88%, while the stock has gone up by 26.63% in the last six months. The quarterly performance of SBAC currently stands at 10.10%, and it is up by 2.80% in the last month. The only positive figure was from the weekly performance, which currently reads 5.64%. At the time of writing SBAC’s report, the company has a total market cap of $34.19B, making it one of the largest publicly-traded companies in the world.SBA Communications Corporation (REIT) also has over 1475 employees all over the world.
SBAC Insider Activities
For SBA Communications Corporation (REIT), insiders hold 96.60% of all company shares. The insider transactions over the past six months are up by 23.20%. During that period, insiders bought 799,344 shares in 85 transactions. In that same period, insiders sold 900,139 of their shares in 91 transactions. After these transactions, insiders at SBA Communications Corporation (REIT) now hold 1.38M shares, which is over 96.32% of the total company stocks. Institutional investors currently hold a large chunk of the SBAC shares, as they control 1.24% of the company’s total stock.
SBAC Fundamental Analysis
For SBA Communications Corporation (REIT), the stock’s diluted earnings per share (EPS) stands at -0.08. In the coming year, analysts expect the EPS to be 2.76. The EPS growth will up over the next five years to 48.78% after surging by 54.50% in the previous five years. In terms of revenue, SBA Communications Corporation (REIT)’s quarterly sales (YOY) is growing at 0.29, which is lower than the average annual revenue of 54.50% over the past half a decade.
The Return on Investment (ROI) on SBA Communications Corporation (REIT)’s stock currently stands at 8.10%, and it has a net profit margin of -0.30%. The operating margin of the company is 28.40%, and its gross margin is 76.20%.
SBAC Analysts Prediction
and MoffettNathanson reiterate their Buy position on the stock ($262 and $327).
SBAC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SBAC currently stands at 2.84%, while the SMA50 is 3.11%. The biggest one is the SMA200, which is currently reading 15.23% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 56.55.