As of Wednesday close, Uniti Group Inc.’s (NASDAQ:UNIT) stock was up $0.06, moving up 1.13 percent to $5.38. The average number of shares traded per day over the past five days has been 1,378,680 shares. 5 times new highs have been achieved over the past 5 days, with a $0.27 gain in that time frame. In the last twenty days, the average volume was 1,907,605, while in the previous 50 days, it was 2,433,250.
Since last month, UNIT stock retreated -3.58%. Shares of the company fell to $4.87 on 08/03/23, the lowest level in the past month. A 52-week high of $9.74 was reached on 02/02/23 after having rallying from a 52-week low of $2.94. Since the beginning of this year, UNIT’s stock price has dropped by -2.71% or -$0.15, and marked a new high 14 times. However, the stock has declined by -44.76% since its 52-week high.
UNIT stock investors should be aware that Uniti Group Inc. (UNIT) stock had its last reported insider trading activity 175 days ago on Mar 09. Gunderman Kenny, the President and CEO of the company, purchased of 225,000 shares for $4.37 on Mar 09. It resulted in a $983,250 investment by the insider.
Valuation Metrics
The latest dividend of $0.15 per share was paid out, remained unchanged from last year’s $0.15. On Friday February 28 2020, a $0.07 dividend decrease was announced.
Financial Health
In the three months ended June 29, Uniti Group Inc.’s quick ratio stood at 0.10, while its current ratio was 0.10, showing that the company is not able to pay off its debt. In the year ended June 29, operating margins totaled 27.50%. Based on annual data, UNIT earned $348.97 million in gross profit and brought in $1.13 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.50%. Return on equity (ROE) for the past 12 months was 4.80%.
In Uniti Group Inc.’s quarter-end financial report for June 29, it reported total debt of $5.39 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. UNIT’s revenue fell -0.1% to $289.82 million during the quarter, while net income inched up to $283.7 million. While analysts expected Uniti Group Inc. to report $0.11 quarterly earnings, the actual figure was $0.11 per share. During the quarter, the company generated $222.07 million in EBITDA. The value of shareholders’ equity is $238.69 million.
Technical Picture
This quick technical analysis looks at Uniti Group Inc.’s (UNIT) price momentum. With a historical volatility rate of 28.68%, the RSI 9-day stood at 57.33% on 30 August.
With respect to its five-day moving average, the current Uniti Group Inc. price is up by +5.28% percent or $0.27. At present, UNIT shares trade -2.71% below its 20-day simple moving average and +69.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +22.00% above its SMA50 and -27.79% below its SMA200.
Stochastic coefficient K was 34.29% and Stochastic coefficient D was 25.71%, while ATR was 0.20. Given the Stochastic reading of 40.00% for the 14-day period, the RSI (14) reading has been calculated as 55.24%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.05.
Analyst Ratings
Citigroup upgraded its rating on Uniti Group Inc. (NASDAQ: UNIT) to a Neutral in a note to investors on November 16, 2020. The analysts firm previously had a Sell rating on the stock.Uniti Group Inc. (UNIT) has been rated Hold by analysts. According to 1 brokerage firm, UNIT is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Uniti Group Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $3.00 – $10.00. Based on these forecasts, analysts predict Uniti Group Inc. (UNIT) will achieve an average price target of $6.25.
