SBAC stock: buy or sell

SBAC stock price: $277.48 0.34% At close on Jan 26th, 2021

Updated on:
Jan 27th, 2021

1

SBAC stock brief

  • Counting on Tuesday, it's been 7 consecutive sessions in positive for SBA Communications. Price closed on Tuesday at $277.48 after slightly moving a 0.34%.
  • From the chart point view, price is drawing an scaled downtrend since September 2020 with lower tops and lower bottoms. this downtrend marked a -15.37% loss.
  • SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North, Central, and South America and South Africa.

Should I buy SBA Communications stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $SBAC stock a buy?

In the current situation of SBA Communications there is not any eligible buy setup. This doesn't mean $SBAC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell SBA Communications stock?

Do you know when is it time to sell SBA Communications?. Much like when we have to buy shares, determining when is the best time to sell is not a capricious decision, and we must use our own trading strategy. We like very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for selling short SBA Communications stock

As a golden rule, you must never mantain an operation that produces greater losses than those expected by the time of purchase. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell SBA Communications stock?

In the current situation of SBA Communications there is not any eligible sell setup, so SBA Communications stock holders with operations in green can keep their positions

SBA Communications ratings

In the last month, just one rating was published for SBA Communications

SBA Communications analysts' ratings - Last 30 days
Brokerage firmRating
Jan 15th, 2021
Barclays

SBA Communications stock analysis

From a technical standpoint, SBA Communications continues trending lower since September 2020, and has accumulated a selloff of -15.37%. The stock plotted 4 consecutive lower tops.

SMAs overview

SBAC stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $280.29 (1.01% above)
  • R2: $284.45 (2.51% above)
  • R3: $286.04 (3.08% above)
  • The current support levels are:

  • S1: $275.07 (-0.87% below)
  • S2: $272.01 (-1.97% below)
  • S3: $268.31 (-3.30% below)
  • Bollinger bands

    Since the price broke down the lower band on January 12, the price bounced by 8.28%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can trade in these levels for many days and weeks

    SBAC stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    SBAC stock RSI chart

    SBA Communications stock price history

    SBA Communications started trading priced at an adjusted price1 of $8.98 on Jun 1999. Since then, SBAC stock surged by 2,989.98%, with an average of 142.38% per year. An investment of $1,000USD at that time would be valued $30,899.78 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    SBAC stock price history chart

    Price target for SBA Communications stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    The following table shows the price forecasts published by brokerage institutions for the last 30 days. If you are a small trader you must not trade based on these predictions.

    There is just one price target issued for SBA Communications that forecasts a price of $305.00.

    SBA Communications stock price predictions
    Brokerage firmPrice target
    Jan 15th, 2021
    Barclays $305.00

    Earnings and financials

    Last November, SBA Communications Corporation ($SBAC) reported EPS for that significantly undercut Wall St. expectations. Quarterly EPS was $0.20 per share from an estimated $0.46. This Q3 report represents an earnings surprise of -56.52%. On the contrary, the company said turnover for Q3 was $522.9 million consistent with analysts' forecasts.

    Same quarter last year, reported EPS was $0.19, so recently posted EPS is a gain of 5.26%. Looking at sales, figures just changed compared to $5.1B same quarter a year ago.

    SBAC ($SBAC) will host the Q4 earnings call mid next February. Expected for this quarter is $0.52, compared to $0.20 that was reported for Q3.

    SBA Communications performance

    SBAC performance compared
    Company1m3m6m
    SBA Communications ($SBAC) 1.80% -7.60% -9.00%

    Important note:
    The comments published in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific scenarios of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for informational purposes only

    SBAC summary

    Tuesday, January 26th, 2021
    Open$275.34
    Close$277.48
    Day range$271.66 - $278.52
    Previous close$276.53
    Session gain0.34%
    Average true range$7.76
    50d mov avg$278.81
    100d mov avg$292.95
    200d mov avg$295.89
    Earnings dateFebruary 18th, 2021

    Frequently asked questions

    What is SBA Communications stock symbol?

    SBA Communications Corporation is a public company trading in the US stock market with the SBAC symbol

    Is SBA Communications stock a buy or sell?

    SBA Communications had one rating in the last four weeks Read the article to get additional tips on trading SBAC stock.

    Will SBAC go up?

    SBA Communications had different price forecasts posted by analysts in the last 30 days forecasting the target price to $305.00. That is a 9.92% than the current price ($277.48).