SBA Communications Corporation (SBAC) Stock: A Service Stock That’s Gaining

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SBA Communications Corporation (SBAC) is working its way for to the top in the market in today’s trading session. The company, focused on the service industry, is currently priced at $197.12 after gaining 0.54% so far today. As it relates to service companies, there are several factors that have the ability to generate movement in the market. One of the most common is news. Here are the most recent trending headlines associated with SBAC:

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Mar-12-19 12:44PM SBA Communications (NASDAQ:SBAC) Shareholders Have Enjoyed A 97% Share Price Gain
Feb-28-19 05:48PM SBA Communications Corp (SBAC) Files 10-K for the Fiscal Year Ended on December 31, 2018
Feb-26-19 10:00AM SBA Communications Corporation to Speak at the 2019 Deutsche Bank Media & Telecom Conference
Feb-25-19 08:03AM What’s in the Cards for American Tower (AMT) in Q4 Earnings?
Feb-22-19 07:46AM SBA Communications (SBAC) Q4 Earnings Beat on Revenue Growth

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should focus on much more than news, this is especially the case in the ever incredibly complex service space. Here’s what’s happening with SBA Communications Corporation.

Recent Trends From SBAC

While a single session gain, like what we’re seeing from SBA Communications Corporation may cause fear in some investors, a single session fall alone should not be the basis of a decision to, or not to, invest in a company. It is always a good idea to look at trends for a period longer than a single session. In the case of SBAC, here are the returns that we have seen:

  • Weekly – Over the past week, SBAC has produced a price change amounting to 3.23%.
  • Past Month – The performance from SBA Communications Corporation over the past month has been 7.92%.
  • Past Quarter – Throughout the past three months, the stock has produced a return of 19.39%
  • Past Six Months – In the past six months, we have seen a performance that works out to 22.81% from the company.
  • Year To Date – Since the close of last year SBAC has resulted in a return of 21.76%.
  • Full Year – Lastly, in the past year, we have seen movement in the amount of 17.97% out of SBAC. In this period of time, the stock has sold at a high of 0.43% and a low price of 34.89%.

Key Ratios

Looking at a few ratios associated with a stock can give investors a look of just how risky and/or rewarding a stock pick may be. Here are a few of the key ratios to think about when looking at SBAC.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. As the ratio climbs, it shows that more investors have a belief that the value of the stock is headed for the top. Across the sector, strong service stocks can have a lower short ratio. However, we tend to see quite a few short squeezes in the industry. Nonetheless, when it comes to SBA Communications Corporation, the stock’s short ratio amounts to 4.20.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure whether or not a company can cover its debts as they mature using current assets or quick assets. come with great quick and current ratios. When it comes to SBAC, the quick and current ratios come to 0.30 and 0.30 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. when it comes to SBA Communications Corporation, the book to share value ratio equates to -29.75.

Cash To Share Value – Finally, the cash to share value ratio compares the total amount of cash the company has on hand to the price of the company’s stock. In terms of SBAC, the cash to share value ratio works out to 1.28.

Show Me The Big Money

One thing I have come to understand in my short period in existence is that smart money tends to follow the moves made by big money. In other words, investors that are looking to play it relatively safe will watch trades made by institutional investors and those on the inside. With that said, is big money interested when it comes to SBAC? Here’s the data:

  • Institutional Investors – At the moment, institutions own 97.30% of SBAC. However, it’s important to note that institutional ownership has moved in the amount of -0.41% over the past quarter.
  • Insiders – When it comes to insiders, those close to the situation currently own 0.60% of the company. Their ownership of the company has changed by -48.00% throughout the last quarter.

How Analysts Feel About SBA Communications Corporation

Although it’s never a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their analysis when validating your own thoughts before making investment decisions in the service space. Here are the recent moves that we have seen from analysts when it comes to SBAC.

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Mar-19-19 Reiterated BofA/Merrill Buy $189 → $211
Feb-22-19 Downgrade Guggenheim Buy → Neutral $185
Oct-31-18 Upgrade Citigroup Neutral → Buy
Sep-27-17 Upgrade KeyBanc Capital Mkts Sector Weight → Overweight
Jun-12-17 Downgrade Raymond James Strong Buy → Outperform

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $1.94. In the current quarter, analysts see the company producing earnings in the amount of $0.23. Over the last 5 years, SBAC has generated revenue in the amount of $7.40% with earnings coming in at 23.00%. On a quarter over quarter basis, earnings have seen movement of 29.30% and revenue has seen movement of 9.20%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 111.70M shares of SBA Communications Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SBAC has a float of 111.09M.

I also find it important to look at the short float. After all, when a high portion of the float available for trading is shorted, the overall opinion in the market is that the equity is going to take a dive. In regard to SBAC, the percentage of the float that is shorted currently sits at 2.58%. In general, high short percent of the float is anything over 40%. However, I have seen that any short ratio over 26% is likely a risky play.

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