Is Uniti Group Inc. (UNIT) Set To Achieve Price Targets?

The stock of Uniti Group Inc. (NASDAQ:UNIT) decreased by remained unchanged at $14.31, down -0.62 percent. The last five days have seen an average of 3,211,040 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.58. The average number of shares traded over the last 20 days was 1,791,605, while the average volume over the last 50 days totaled 1,538,048.

UNIT stock appreciated 12.24% since last month. On 10/13/21, the company’s shares reached a one-month low of $11.57. The stock touched a high of $14.44 on 10/22/21, after rallying from a low of $8.70 in 52 weeks. The price of UNIT stock has risen by 21.99% or $2.58 this year, reaching a new high 12 times. Still, the stock price is down -0.90% from the 52-week high.


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Valuation Metrics

The PE ratio of Uniti Group Inc. has varied between 999.50 and 26.74 in the last five years. Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.13.

Uniti Group Inc.’s dividend is $0.60 per share per year. On Oct. 1, the company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.07 dividend decrease was reported on Friday February 28 2020, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -75.00%.

For the three months ended June 29, Uniti Group Inc.’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt. Uniti Group Inc.’s operating margin stood at 38.10% for the same period. Based on annual data, it had gross profit of -$236.99 million and revenue of $1.07 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UNIT’s return on assets (ROA) during the last 12 months has been 0.10%. There was a -11.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.20%.

Earnings Surprise

According to Uniti Group Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $268.18 million, while revenues rose by 0.51% to $272.59 million. It was predicted that Uniti Group Inc.’s quarterly earnings would be $0.2, but it ended up being $0.22, beating the consensus by -9.10%. EBITDA was $234.65 million for the quarter. At the end of Uniti Group Inc.’s most recent quarter ended June 29, its total debt was $4.97 billion. Equity owned by shareholders amounts to $233.41 million.

Technical Picture

Here’s a quick look at Uniti Group Inc.’s (UNIT) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 84.42%, suggesting the stock is Overbought, with a 54.28% historical volatility rate.

The stochastic %K and %D were 93.44% and 78.17% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 93.36%, the RSI (14) reading is 78.03%. On the 9-day MACD Oscillator, the stock is at 1.30, and the 14-day reading is at 1.44.

Analyst Ratings

In its most recent analyst report, Citigroup raised its rating on Uniti Group Inc. (NASDAQ: UNIT) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Uniti Group Inc. (UNIT) an Hold rating. UNIT is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.

What is UNIT’s price target for the next 12 months?

The current consensus forecast for the stock is between $9.50 and $16.00, with a median target price of $12.75. In analyzing these forecasts, the average price target given by analysts for Uniti Group Inc. (UNIT) is $13.10.

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