Uniti Group Inc (NASDAQ: UNIT) is -21.45% 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 $4.43 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $4.32, the stock is -3.32% and -6.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -2.48% at the moment leaves the stock -17.54% off its SMA200. UNIT registered 36.71% gain for a year compared to 6-month loss of -26.90%. The firm has a 50-day simple moving average (SMA 50) of $4.6364 and a 200-day simple moving average (SMA200) of $5.23895.
The stock witnessed a -13.60% gain in the last 1 month and extending the period to 3 months gives it a -18.18%, and is -2.04% 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 2.53% over the week and 2.61% over the month.
Uniti Group Inc (UNIT) has around 758 employees, a market worth around $1.06B and $1.17B in sales. Current P/E ratio is 16.48 and Fwd P/E is 7.83. Profit margin for the company is 5.30%. Distance from 52-week low is 68.09% and -31.54% 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
428.0 institutions hold shares in Uniti Group Inc (UNIT), with institutional investors hold 92.72% of the company’s shares. The shares outstanding are 238.56M, and float is at 229.33M with Short Float at 6.11%. Institutions hold 90.23% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 38.87 million shares valued at $$113.51 million. The investor’s holdings represent 16.3789 of the UNIT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 37.2 million shares valued at $$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.
