SBA Communications (NASDAQ:SBAC) traded at a new 52-week high today of $44.65. This new high was reached on approximately average trading volume as 821,000 shares traded hands, while the average 30-day volume is approximately 845,000 shares.
SBA Communications share prices have moved between a 52-week high of $44.65 and a 52-week low of $32.36 and are now trading 38% above that low price at $44.60 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.
There is potential upside of 8.9% for shares of SBA Communications based on a current price of $44.60 and an average consensus analyst price target of $48.56. The stock should find initial support at its 50-day moving average (MA) of $40.59 and further support at its 200-day MA of $38.35.
SBA Communications Corporation owns and operates wireless communications infrastructure in the United States. The Company offers both site leasing and site development services. SBA leases antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company also offers site development consulting and construction.
