SBA Communications Corp. stock trades under the ticker SBAC & has shown recent bullishness that traders & investors should take a closer look into.
SBAC stock closed at $347.07/share on 5/24/2022.
SBA Communications Corp. SBAC Stock’s Technicals Broken Down
SBAC Stock Price: $347.07
10 Day Moving Average: $326.39
50 Day Moving Average: $341.73
200 Day Moving Average: $340.93
RSI: 56.12
MACD: -4.175
Yesterday, SBAC stock completed a bullish MACD crossover, while breaking out above its 50 & 200 day moving averages.
Their recent trading volumes have been about average for the last year, and their RSI is still neutral which signals more bullish momentum to come in the near-term.
They will need to break above the $348.29, $352.07 & $354.09/share resistance levels as they continue climbing higher.
SBA Communications Corp. SBAC Stock As A Long-Term Investment
Long-term oriented investors may find SBAC stock’s valuation metrics to be a bit high, with a P/E (ttm) of 82.3.
They recently reported 12.9% Quarterly Revenue Growth.
Their balance sheet will require a closer review, with $263.6M in Total Cash (mrq) & Total Debt (mrq) of $14.94B.
SBAC stock pays a 0.73% dividend yield, which appears stable in the long-term, but may need to be reduced as their payout ratio is 61.7%.
97.34% of SBAC stock’s outstanding share float is owned by institutional investors.
SBA Communications Corp. SBAC Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from movements in SBAC stock’s price, while hedging against volatility.
I am looking at the contracts with the 6/17 expiration date.
The $310, $330 & $340 calls all look appealing, but are rather illiquid, with low open interest levels.
The $370, $360 & $350 puts also look interesting, but are also lacking in open interest.
Tying It All Together
SBAC stock is worth taking a closer look into, whether you are trading it in the near-term or looking for a long-term investment.
Investors will like their dividend yield, but may want to look closer into their balance sheet.
Traders will like their current momentum, but may wish that their options were more liquid.
Overall, it is worth taking a closer look into how SBAC fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF SBAC AT THE TIME OF PUBLISHING THIS POST ***