Uniti Group Inc (NASDAQ: UNIT) is -17.82% lower on its value in year-to-date trading and has touched a low of $2.57 and a high of $6.31 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 $5.00 in the last trading session, with the day’s loss setting it -0.48%.
Currently trading at $4.52, the stock is -2.98% and -8.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing -9.60% at the moment leaves the stock -12.73% off its SMA200. UNIT registered -25.04% loss for a year compared to 6-month loss of -10.85%.
The stock witnessed a -2.80% gain in the last 1 month and extending the period to 3 months gives it a -16.30%, and is -8.32% 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 4.59% over the week and 5.30% over the month.
Uniti Group Inc (UNIT) has around 758 employees, a market worth around $1.11B and $1.17B in sales. Current P/E ratio is 12.01. Profit margin for the company is 7.82%. Distance from 52-week low is 75.88% and -28.37% from its 52-week high. The company has generated returns on investments over the last 12 months (2.84%).
The EPS is expected to shrink by -57.24% this year.
Uniti Group Inc (UNIT) Top Institutional Holders
The shares outstanding are 237.51M, and float is at 228.40M with Short Float at 5.69%.
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 16.3789% 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 15.6721 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
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.
