Investors Should Take Note Of Uniti Group Inc (UNIT)

Uniti Group Inc (UNIT) concluded trading on Wednesday at a closing price of $5.74, with 3.53 million shares of worth about $20.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.13% during that period and on on Wednesday the price saw a gain of about 3.42%. Currently the company’s common shares owned by public are about 235.83M shares, out of which, 230.71M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 19 times over the past 12 months. They bought 320,382 shares in 9 of the transactions. In 10 selling transactions, insiders dumped 54,722 shares.

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Stock saw a price change of 1.77% in past 5 days and over the past one month there was a price change of 4.94%. Year-to-date (YTD), UNIT shares are showing a performance of -0.69% which decreased to -1.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.94 but also hit the highest price of $6.01 during that period. The average intraday trading volume for Uniti Group Inc shares is 1.79 million. The stock is currently trading 9.02% above its 20-day simple moving average (SMA20), while that difference is up 4.90% for SMA50 and it goes to 15.18% higher than SMA200.

Uniti Group Inc (NASDAQ: UNIT) currently have 235.83M outstanding shares and institutions hold larger chunk of about 86.46% of that.

The stock has a current market capitalization of $1.37B and its 3Y-monthly beta is at 1.41. It has posted earnings per share of -$0.19 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UNIT, volatility over the week remained 4.62% while standing at 4.39% over the month.

Analysts are in expectations that Uniti Group Inc (UNIT) stock would likely to be making an EPS of $0.1 in the current quarter, while forecast for next quarter EPS is $0.11 and it is $0.41 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.07 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -439.01% while it is estimated to increase by 295.77% in next year. EPS is likely to shrink at an annualized rate of 17.40% for next 5-years, compared to annual growth of 21.00% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 07, 2023 offering an Underperform rating for the stock and assigned a target price of $3.50 to it. Coverage by Citigroup stated Uniti Group Inc (UNIT) stock as a Neutral in their note to investors on November 16, 2020, suggesting a price target of $10 for the stock. On August 12, 2020, Wells Fargo Upgrade their recommendations, while on July 15, 2020, Barclays Initiated their ratings for the stock with a price target of $10. Stock get a Strong buy rating from Raymond James on May 12, 2020.

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