Uniti Group Inc (NASDAQ:UNIT) saw a downside of -4.82% to close Monday at $4.54 after subtracting -$0.23 on the day. The 5-day average trading volume is 1,727,440 shares of the company’s common stock. It has gained $5.33 in the past week and touched a new high 2 times within the past 5 days. An average of 2,452,150 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,345,274.
UNIT’s 1-month performance is -11.15% or -$0.54 on its low of $4.52 reached on 09/25/23. The company’s shares have touched a 52-week low of $2.94 and high of $8.04, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, UNIT has lost -17.90% or -$0.99 and has reached a new high 14 times. However, the current price is down -43.53% from the 52-week high price.
Valuation Metrics
UNIT stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.76.
. In terms of profitability, the gross margin trailing 12 months is 54.94%. The firm’s gross profit as reported stood at $348.97 million against revenue of $1.13 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -110.87% to $25.3 million, while revenue of -$19.45 million was 176.88% off the previous quarter. Analysts expected UNIT to announce $0.11 per share in earnings in its latest quarter, but it posted $0.11, representing a 0.00% surprise. EBITDA for the quarter stood at more than $222.07 million. Shareholders hold equity totaling $238.69 million.
Let’s look briefly at Uniti Group Inc (UNIT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 30.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 78.68%.
The stock’s 5-day moving average is $4.90, reflecting a -13.19% or -$0.69 change from its current price. UNIT is currently trading -10.63% above its 20-day SMA, +47.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.42% and SMA200 by-35.60%.
Stochastic %K and %D was 11.75% and 23.93% and the average true range (ATR) pointed at 0.29. The RSI (14) points at 36.37%, while the 14-day stochastic is at 1.75% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at -0.26 and -0.26 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Uniti Group Inc (NASDAQ: UNIT), Citigroup upgraded it to a Neutral rating. They previously had a Sell rating on the stock. Analysts offering their rating for UNIT stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate UNIT as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is UNIT’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $10.00, with their median price target at $5.50. Looking at these predictions, the average price target given by analysts is for Uniti Group Inc (UNIT) stock is $6.25.
