SBAC stock: buy or sell

SBAC stock price: $340.32 -0.14% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

SBAC stock brief

  • After making new all-time highs on Wednesday, SBA Communications closed at $340.32 merely changing a -0.14%
  • SBA Communications is presenting its earnings report on Monday
  • 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 we expect a selloff for $SBAC in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell SBA Communications stock?

"To sell or not to sell", if you are holding SBA Communications stock?. Trading strategies let us to avoid rash decisions based on our emotions or the noise surrounding the market. We like very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short $SBAC stock

As a rule of thumb, you should not hold an investment that shows a greater losses than those expected at the time of purchase. The moment to sell your stock should always be ruled 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

We don't have any rating published in the previous month for SBA Communications

SBA Communications stock analysis

Since last March, SBA Communications has been printing an uptrend that so far marked a gorgeous 46.78%. Rising highs and lows can be seen easily on a chart and how price action gave very few buy points on the breakouts. Latest low was last May, when price bounced at $280.89. In early June, SBA Communications broke out above its last top ($301.02) giving a good buy point that resulted in a 13.06% profit

$SBAC at new Highs

On Wednesday, SBA Communications marked all-time highs (ATH) again at $342.86. Stock hit new all-time highs 6 times in the last 10 sessions

SMAs overview

SBAC stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $326.42 (-4.08% below)
  • S2: $320.66 (-5.78% below)
  • S3: $320.62 (-5.79% below)
  • Bollinger bands

    The price is moving near to the upper Bollinger band, indicating 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

    Climbed over the overbought line Wednesday, marking a reading of 72.44. Breaking through above the overbought zone is not a sell signal, as stocks can rally during several weeks being in the overvalued zone

    SBAC stock RSI chart

    SBA Communications stock price history

    SBA Communications started trading priced at an adjusted price1 of $8.94 on Jun 1999. Since then, SBAC stock has risen by 3,706.71%, with an average of 168.49% per year. If you had invested $1,000USD in SBA Communications stock at that time, it would worth $38,067.11 today.

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

    SBAC stock price history chart

    Price target for SBA Communications stock

    Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    The following table shows the price target published by financial institutions in the last month. If you are a small investor you should not invest based on these projections.

    We don't have any target price posted in the last 4 weeks for SBA Communications.

    Earnings and financials

    SBAC ($SBAC) is hosting the earnings call on Monday. Market analysts analysts forecast of $0.68, that is a 718.18% more than previous quarter. Turn over estimates for are $558.1 million.

    Stocks presenting financial report usually show a much higher volatility in its price action during after-hours trading and the day after. This extended trading range in price means that your stop-loss orders may become useless or may trigger far from your aimed price. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.

    SBA Communications ($SBAC) had the financial event and released the report last April. SBAC reported earnings of $-0.11 per share on revenue of $548.7 million. The analysts estimate was $0.33 per share on revenue of $539.3 million.

    By comparison, the EPS for the same quarter last year was $-1.14, so reported EPS means a gain of 90.35%. Looking at turnover, figures inched a 6.13% compared to $5.2B same quarter last year.

    SBA Communications performance

    SBAC performance compared
    Company1m3m6m
    SBA Communications ($SBAC) 5.90% 14.70% 26.10%

    Please read:
    The viewpoints written in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual scenarios of the reader, his or her own 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 posted for education motives only

    SBAC summary

    Wednesday, July 28th, 2021
    Open$340.02
    Close$340.32
    Day range$338.89 - $342.86
    Previous close$340.79
    Session gain-0.14%
    Average true range$5.02
    50d mov avg$318.26
    100d mov avg$299.35
    200d mov avg$288.58
    Earnings dateAugust 2nd, 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 no ratings in the last 30 days Read the article to get additional tips on trading SBAC stock.

    Will SBAC go up?

    There were no forecasts published by analysts in the last month for SBA Communications.