Uniti Group Inc (NASDAQ: UNIT) is -13.64% 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 $4.66 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $4.75, the stock is 0.84% and -1.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.38 million and changing 1.93% at the moment leaves the stock -8.77% off its SMA200. UNIT registered 22.74% gain for a year compared to 6-month loss of -19.49%.
The stock witnessed a 5.56% gain in the last 1 month and extending the period to 3 months gives it a -13.16%, and is 9.20% 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 4.09% over the week and 4.27% over the month.
Uniti Group Inc (UNIT) has around 758 employees, a market worth around $1.17B and $1.17B in sales. Current P/E ratio is 18.12 and Fwd P/E is 6.83. Profit margin for the company is 5.30%. Distance from 52-week low is 84.82% and -24.72% from its 52-week high. The company has generated returns on investments over the last 12 months (1.65%).
The EPS is expected to shrink by 0.00% this year
The shares outstanding are 238.56M, and float is at 227.17M with Short Float at 5.55%.
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.
