Currently, there are 237.49M common shares owned by the public and among those 227.95M shares have been available to trade.
The company’s stock has a 5-day price change of -5.46% and 3.75% over the past three months. UNIT shares are trading -4.15% year to date (YTD), with the 12-month market performance up to 2.78% higher. It has a 12-month low price of $2.57 and touched a high of $6.71 over the same period. UNIT has an average intraday trading volume of 2.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.33%, -3.80%, and 15.18% respectively.
Institutional ownership of Uniti Group Inc (NASDAQ: UNIT) shares accounts for 82.90% of the company’s 237.49M shares outstanding.
It has a market capitalization of $1.35B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 13.31, while the earnings-per-share (ttm) stands at $0.42. The company has a PEG of 4.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.87% over the week and 4.36% over the month.
Analysts forecast that Uniti Group Inc (UNIT) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 210.86%, and 6.70% over the next financial year.
Looking at the support for the UNIT, a number of firms have released research notes about the stock. Raymond James stated their Outperform rating for the stock in a research note on May 06, 2024, with the firm’s price target at $8-$6. BofA Securities coverage for the Uniti Group Inc (UNIT) stock in a research note released on November 07, 2023 offered a Underperform rating with a price target of $3.50. Citigroup was of a view on November 16, 2020 that the stock is Neutral, while Wells Fargo gave the stock Equal Weight rating on August 12, 2020, issuing a price target of $10. Barclays on their part issued Equal Weight rating on July 15, 2020.
