The stock of Uniti Group Inc. (NASDAQ:UNIT) decreased by -$0.07 on Friday to finish at $5.70, down -1.30 percent. The last five days have seen an average of 1,826,416 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.15. The average number of shares traded over the last 20 days was 2,304,139, while the average volume over the last 50 days totaled 3,166,664.
UNIT stock appreciated 19.89% since last month. On 07/17/23, the company’s shares reached a one-month low of $4.37. The stock touched a high of $10.39 on 02/02/23, after rallying from a low of $2.94 in 52 weeks. The price of UNIT stock has risen by 2.98% or $0.15 this year, reaching a new high 14 times. Still, the stock price is down -45.19% from the 52-week high.
Insider Transactions
UNIT stock investors should be aware that Uniti Group Inc. (UNIT) stock had its last reported insider trading activity 158 days ago on Mar 09. On Mar 09, President and CEO Gunderman Kenny acquired 225,000 shares at $4.37 each. This transaction resulted in the insider spending $983,250.
Valuation Metrics
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.
Financial Health
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 27.50% for the same period. Based on annual data, it had gross profit of $348.97 million and revenue of $1.13 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 -2.20%. There was a 12.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.80%.
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 $283.7 million, while revenues fell by -0.1% to $289.82 million. It was predicted that Uniti Group Inc.’s quarterly earnings would be $0.11, but it ended up being $0.11. EBITDA was $222.07 million for the quarter. At the end of Uniti Group Inc.’s most recent quarter ended June 29, its total debt was $5.49 billion. Equity owned by shareholders amounts to $238.69 million.
Technical Picture
Here’s a quick look at Uniti Group Inc.’s (UNIT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 61.14%, suggesting the stock is Neutral, with a 69.99% historical volatility rate.
The stochastic %K and %D were 82.43% and 88.32% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 71.49%, the RSI (14) reading is 60.91%. On the 9-day MACD Oscillator, the stock is at 0.23, and the 14-day reading is at 0.26.
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 3 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 $3.00 and $10.00, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Uniti Group Inc. (UNIT) is $6.25.
