Uniti Group Inc (NASDAQ: UNIT) is 6.36% 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 $5.68 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $5.85, the stock is 6.02% and 2.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing 2.99% at the moment leaves the stock 23.20% off its SMA200. UNIT registered 1.04% gain for a year compared to 6-month gain of 51.55%. The firm has a 50-day simple moving average (SMA 50) of $5.7052 and a 200-day simple moving average (SMA200) of $4.748625.
The stock witnessed a -3.62% loss in the last 1 month and extending the period to 3 months gives it a 2.81%, and is 7.73% 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 3.64% over the week and 3.60% 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 14.05 and Fwd P/E is 14.13. Profit margin for the company is 8.69%. Distance from 52-week low is 127.63% and -12.82% from its 52-week high. The company has generated returns on investments over the last 12 months (2.84%).
The EPS is expected to grow by 210.86% this year
428.0 institutions hold shares in Uniti Group Inc (UNIT), with institutional investors hold 90.30% of the company’s shares. The shares outstanding are 237.49M, and float is at 227.95M with Short Float at 5.68%. Institutions hold 88.07% 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.
