SBA Communications Corp (SBAC)
SBA Communications Corporation (SBAC) is a leading real estate investment trust (REIT) specializing in the ownership and management of wireless infrastructure across the Americas and South Africa. With a robust portfolio of over 18,000 communication sites, including towers and other structures, SBA plays a critical role in supporting the growing demand for wireless connectivity. The company is strategically positioned to capitalize on the burgeoning 5G rollout and increasing mobile data consumption, making it an attractive investment for those seeking exposure to the telecommunications sector's evolving landscape.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 1.78% per annum.
- SBAC price at the close of December 26, 2025 was $192.60 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.42% per annum.
- SBAC price at the close of December 26, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SBAC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: May 4, 2023
End date: August 29, 2025
a = 5.3005
b = 0.0000
s = 0.0724
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0000) – 1
= 1.78%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0724) – 1
= 33.58%
May 4, 2023 calculations
Top border of price channel:
Exp(Y590)
= Exp(a + b × X590 + 2 × s)
= Exp(a + b × 856 + 2 × s)
= Exp(5.3005 + 0.0000 × 856 + 2 × 0.0724)
= Exp(5.4867)
= $241.46
Bottom border of price channel:
Exp(Y590)
= Exp(a + b × X590 – 2 × s)
= Exp(a + b × 856 – 2 × s)
= Exp(5.3005 + 0.0000 × 856 – 2 × 0.0724)
= Exp(5.1971)
= $180.75
August 29, 2025 calculations
Top border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 + 2 × s)
= Exp(a + b × 1,704 + 2 × s)
= Exp(5.3005 + 0.0000 × 1,704 + 2 × 0.0724)
= Exp(5.5277)
= $251.57
Bottom border of price channel:
Exp(Y1,172)
= Exp(a + b × X1,172 – 2 × s)
= Exp(a + b × 1,704 – 2 × s)
= Exp(5.3005 + 0.0000 × 1,704 – 2 × 0.0724)
= Exp(5.2382)
= $188.33
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 1.78% per annum.
- SBAC price at the close of December 26, 2025 was $192.60 and was inside the primary price channel.
Secondary Trend
Start date: April 29, 2025
End date: December 26, 2025
a = 7.1737
b = -0.0011
s = 0.0364
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0011) – 1
= -32.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0364) – 1
= 15.66%
April 29, 2025 calculations
Top border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 + 2 × s)
= Exp(a + b × 1,582 + 2 × s)
= Exp(7.1737 + -0.0011 × 1,582 + 2 × 0.0364)
= Exp(5.5477)
= $256.66
Bottom border of price channel:
Exp(Y1,087)
= Exp(a + b × X1,087 – 2 × s)
= Exp(a + b × 1,582 – 2 × s)
= Exp(7.1737 + -0.0011 × 1,582 – 2 × 0.0364)
= Exp(5.4023)
= $221.91
December 26, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(7.1737 + -0.0011 × 1,823 + 2 × 0.0364)
= Exp(5.2890)
= $198.14
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(7.1737 + -0.0011 × 1,823 – 2 × 0.0364)
= Exp(5.1435)
= $171.31
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 32.42% per annum.
- SBAC price at the close of December 26, 2025 was inside the secondary price channel.