Uniti Group Inc (NASDAQ: UNIT) is -8.65% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UNIT stock was last observed hovering at around $5.07 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $5.28, the stock is -4.20% and -0.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 4.14% at the moment leaves the stock 11.18% off its SMA200. UNIT registered 17.07% gain for a year compared to 6-month gain of 18.92%. The firm has a 50-day simple moving average (SMA 50) of $5.2876 and a 200-day simple moving average (SMA200) of $4.74905.
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The stock witnessed a -4.35% loss in the last 1 month and extending the period to 3 months gives it a 43.48%, and is -3.83% down 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 4.98% over the week and 3.99% over the month.
Uniti Group Inc (UNIT) has around 813 employees, a market worth around $1.34B and $1.16B in sales. Current P/E ratio is 12.68 and Fwd P/E is 13.12. Profit margin for the company is 8.69%. Distance from 52-week low is 105.45% and -21.31% from its 52-week high. The company has generated returns on investments over the last 12 months (2.84%).
with sales reaching $294.17M over the same period.The EPS is expected to grow by 218.86% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
Uniti Group Inc (UNIT) Top Institutional Holders
410.0 institutions hold shares in Uniti Group Inc (UNIT), with institutional investors hold 90.61% of the company’s shares. The shares outstanding are 236.56M, and float is at 233.00M with Short Float at 6.69%. Institutions hold 88.31% 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.
