Uniti Group Inc (NASDAQ: UNIT) is 1.04% higher on its value in year-to-date trading and has touched a low of $2.57 and a high of $6.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UNIT stock was last observed hovering at around $5.43 in the last trading session, with the day’s gains setting it 0.41%.
Currently trading at $5.84, the stock is 13.64% and 30.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.13 million and changing 7.55% at the moment leaves the stock 22.58% off its SMA200. UNIT registered 34.87% gain for a year compared to 6-month loss of -1.02%. The firm has a 50-day simple moving average (SMA 50) of $4.5092 and a 200-day simple moving average (SMA200) of $4.76605.
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The stock witnessed a 33.94% gain in the last 1 month and extending the period to 3 months gives it a 100.00%, and is 11.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.17% over the week and 4.88% over the month.
Uniti Group Inc (UNIT) has around 813 employees, a market worth around $1.43B and $1.16B in sales. Current P/E ratio is 255.02 and Fwd P/E is 13.74. Profit margin for the company is 0.66%. Distance from 52-week low is 127.24% and -12.97% from its 52-week high. The company has generated returns on investments over the last 12 months (0.22%).
with sales reaching $290.37M over the same period.The EPS is expected to grow by 228.57% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -0.20% in year-over-year returns.
Uniti Group Inc (UNIT) Top Institutional Holders
406.0 institutions hold shares in Uniti Group Inc (UNIT), with institutional investors hold 88.34% of the company’s shares. The shares outstanding are 236.56M, and float is at 233.00M with Short Float at 7.04%. Institutions hold 86.15% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 38.87 million shares valued at $113.51 million. The investor’s holdings represent 16.4097% of the UNIT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 37.2 million shares valued at $108.62 million to account for 15.7016 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 10.12 million shares representing 4.2722% and valued at over $29.55 million, while STATE STREET CORP holds 4.0174 of the shares totaling 9.52 million with a market value of $27.79 million.
Uniti Group Inc (UNIT) Insider Activity
The most recent transaction is an insider sale by Mudry Ronald J., the company’s SVP-CHIEF REVENUE OFFICER. SEC filings show that Mudry Ronald J. sold 28,693 shares of the company’s common stock on Aug 06 ’24 at a price of $3.94 per share for a total of $0.11 million. Following the sale, the insider now owns 0.51 million shares.
