Uniti Group Inc (NASDAQ: UNIT) is -25.27% 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 $4.10 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $4.11, the stock is -4.87% and -8.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing 0.24% at the moment leaves the stock -21.46% off its SMA200. UNIT registered 30.89% gain for a year compared to 6-month loss of -32.51%.
The stock witnessed a -15.26% gain in the last 1 month and extending the period to 3 months gives it a -20.04%, and is -3.75% 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 1.17% over the week and 2.09% over the month.
Uniti Group Inc (UNIT) has around 758 employees, a market worth around $1.01B and $1.17B in sales. Current P/E ratio is 15.68 and Fwd P/E is 7.31. Profit margin for the company is 5.30%. Distance from 52-week low is 59.92% and -34.87% 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 -6.58% this year.
Uniti Group Inc (UNIT) Top Institutional Holders
The shares outstanding are 238.56M, and float is at 229.27M with Short Float at 5.39%.
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.
