Uniti Group Inc (NASDAQ: UNIT) is -4.00% 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 $5.35 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $5.28, the stock is -5.12% and -4.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing -1.31% at the moment leaves the stock 9.65% off its SMA200. UNIT registered -17.63% loss for a year compared to 6-month gain of 21.10%.
The stock witnessed a -0.38% loss in the last 1 month and extending the period to 3 months gives it a -10.66%, and is -7.37% 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 3.58% over the week and 4.29% over the month.
Uniti Group Inc (UNIT) has around 758 employees, a market worth around $1.29B and $1.17B in sales. Current P/E ratio is 14.04. Profit margin for the company is 7.82%. 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 (2.83%).
with sales reaching $295.39M over the same period.The EPS is expected to shrink by -57.24% this year, but quarterly earnings will post 3.50% year-over-year. Quarterly sales are estimated to grow 3.13% in year-over-year returns.
The shares outstanding are 237.51M, and float is at 227.20M with Short Float at 5.22%.
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 4.2642 and valued at over $29.55 million, while STATE STREET CORP holds 4.0098 of the shares totaling 9.52 million with a market value of $27.79 million.
Uniti Group Inc (UNIT) Insider Activity
A total of 0 insider transactions have happened at Uniti Group Inc (UNIT) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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.
Uniti Group Inc (UNIT): Who are the competitors?
One of the company’s main competitors (and peers) include Sunstone Hotel Investors Inc. (SHO) that is trading -7.14% down over the past 12 months.Annaly Capital Management Inc. (NLY) lies in the list of competitors of the Uniti Group Inc and is 11.69% higher over the same period from UNIT
