SBAC stock: buy or sell
Apr 16th, 2021
SBAC stock brief
- SBA Communications stock skyrocketed 2.64% to close at $288.44 on the stock market on Thursday.
- On Thursday broke out above its latest top at $285.19
- 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?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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 we expect a selloff for $SBAC in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell SBA Communications stock?
When you own stock shares with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our emotions or the noise surrounding the market. We like very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for selling short SBA Communications stock
A golden rule is that you should not keep a trade that yields greater losses than those expected at the time of the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell SBA Communications stock?
Currently, SBA Communications stock doesn't match any of our preferred sell setups, so if you hold SBA Communications stock and your operation is in profit probably is not time to sell now
SBA Communications ratings
In the last month, 3 ratings were published for SBA Communications. General sentiment is bullish, with 2 out of 3 posting positive outlooks
|Mar 18th, 2021|
|Mar 31st, 2021|
|Apr 12th, 2021|
|Jefferies Financial Group|| |
SBA Communications stock analysis
Supports and resistances
The current resistance levels are:
The current support levels are:
The price is trading very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI crossed up the oversold line of 30 in early March after just being in the oversold zone for 1 day (what can be considered a strength sign). The RSI reading on Thursday was 65.12. Since then, SBA Communications stock skyrocketed a 22.26%
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 3,112.03%, with an average of 148.19% per year. If you had invested $1,000USD in SBA Communications stock on the IPO, it would have a value of $32,120.27 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for SBA Communications stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental information by the company, and usually. If you are a small investor you must not invest based on these predictions.
The average price target for SBA Communications stock calculated from the table below is $324.00. That is a 12.33% than the last price ($288.44).
|Brokerage firm||Price target|
|Mar 18th, 2021|
|Wolfe Research||Not available|
|Mar 31st, 2021|
|Apr 12th, 2021|
|Jefferies Financial Group||$335.00|
Earnings and financials
SBA Communications ($SBAC) hosted the financial call and presented the report last February. SBAC topped consensus earnings estimates and posted of $0.94, that is a 80.77% improvement versus the previous forecasts of $0.52. Despite this, reported sales of $535.9 million were in line with consensus predictions.Same quarter last year, reported EPS was $0.59, so recently posted EPS means an increase of 59.32%. Looking at revenues, figures barely changed compared to $5.1B same quarter a year ago.
SBAC ($SBAC) will host the Q1 earnings call early next May. Expected for this quarter is $0.34, compared to $0.94 that was reported for Q4.
SBA Communications performance
|SBA Communications ($SBAC)||6.60%||8.60%||-6.80%|
Important note:The comments expressed in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have an understanding of the individual conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for general educational motives only
|Thursday, April 15th, 2021|
|Day range||$282.13 - $288.96|
|Average true range||$7.67|
|50d mov avg||$265.66|
|100d mov avg||$271.07|
|200d mov avg||$287.82|
|Earnings date||May 4th, 2021|