SBA Communications Corporation (NASDAQ:SBAC) Relative Strength Index (RSI) is 61.49, with weekly volatility at 2.37% and ATR at 6.42. The SBAC stock’s 52-week price range has touched low of $232.88 and a $328.37 high. Intraday shares traded counted 0.62 million, which was 11.54% higher than its 30-day average trading volume of 699.24K. Its shares traded lower over the last trading session, losing -0.09% on 05/26/21. The shares fell to a low of $295.67 before closing at $298.48. SBAC’s previous close was $298.74 while the outstanding shares total 109.47M. The firm has a beta of 0.20, a 12-month trailing P/E ratio of 251.88.
Investors have identified the REIT – Specialty company SBA Communications Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $32.88 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
SBA Communications Corporation (SBAC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SBAC, the company has in raw cash 239.55 million on their books with 24.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 389.93 million total, with 560.76 million as their total liabilities.
SBAC were able to record 260.96 million as free cash flow during the 08/02/2021 quarter of the year, this saw their quarterly net cash flow reduce by -100.62 million. In cash movements, the company had a total of 285.5 million as operating cash flow.
Potential earnings growth for SBA Communications Corporation (SBAC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/02/2021 quarter of the year, SBA Communications Corporation recorded a total of 548.74 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 5.77% coming in sequential stages and their sales for the 08/02/2021 quarter increasing by 2.34%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 129.77 million trying to sell their products during the last quarter, with the result yielding a gross income of 418.96 million. This allows shareholders to hold on to 109.47M with the recently reported earning now reading -0.11 cents per share. This is a figure that compared to analyst’s prediction for their 08/02/2021 (2.58 cents a share).
Having a look at the company’s valuation, the company is expected to record 10.62 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SBAC sounds very interesting.
Is the stock of SBAC attractive?
In related news, Director, COCROFT DUNCAN sold 1,804 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 290.27, for a total value of 523,647. As the sale deal closes, the Director, BEEBE KEVIN L now sold 826 shares of the company’s stock, valued at 214,314. Also, EVP; Pres. – International, BAGWELL KURT L sold 4,278 shares of the company’s stock in a deal that was recorded on Mar 09. The shares were price at an average price of 246.09 per share, with a total market value of 1,052,773. Following this completion of acquisition, the Director, Krouse George R Jr now holds 223 shares of the company’s stock, valued at 70,138. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.