Uniti Group Inc (UNIT) concluded trading on Wednesday at a closing price of $2.71, with 3.4 million shares of worth about $9.21 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -49.72% during that period and on June 26, 2024 the price saw a gain of about 1.12%. Currently the company’s common shares owned by public are about 236.56M shares, out of which, 226.77M shares are available for trading.
Stock saw a price change of -1.45% in past 5 days and over the past one month there was a price change of -16.36%. Year-to-date (YTD), UNIT shares are showing a performance of -53.11% which decreased to -39.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.57 but also hit the highest price of $6.71 during that period. The average intraday trading volume for Uniti Group Inc shares is 3.18 million. The stock is currently trading -10.10% below its 20-day simple moving average (SMA20), while that difference is down -31.56% for SMA50 and it goes to -45.88% lower than SMA200.
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Uniti Group Inc (NASDAQ: UNIT) currently have 236.56M outstanding shares and institutions hold larger chunk of about 87.69% of that.
The stock has a current market capitalization of $643.16M and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 48.48, while it has posted earnings per share of $0.06 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 5.75% while standing at 5.62% over the month.
Stock’s fiscal year EPS is expected to rise by 233.70% while it is estimated to decrease by -7.62% in next year.
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 Raymond James on May 06, 2024 offering an Outperform rating for the stock and assigned a target price range of between $8 and $6 to it. Coverage by BofA Securities stated Uniti Group Inc (UNIT) stock as an Underperform in their note to investors on November 07, 2023, suggesting a price target of $3.50 for the stock. On November 16, 2020, Citigroup Upgrade their recommendations, while on August 12, 2020, Wells Fargo Upgrade their ratings for the stock with a price target of $10. Stock get an Equal weight rating from Barclays on July 15, 2020.
