Uniti Group Inc (NASDAQ:UNIT) traded with an addition of $0.09 to close at $4.67on Friday, an upside of 1.97 percent. An average of 1,907,206 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,505,747 shares traded, while the 50-day average volume stands at 2,147,201.
UNIT stock has decreased by -13.20% in the last month. The company shares reached their 1-month lowest point of $4.24 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.94 and a high of $8.04 in 52 weeks. It has reached a new high 14 times so far this year and lost -15.55% or -$0.84 in price. In spite of this, the price is down -41.92% from the 52-week high.
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Valuation Metrics
Uniti Group Inc (UNIT) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.78.
Financial Health
Its gross profit as reported stood at $348.97 million compared to revenue of $1.13 billion.
Earnings Surprise
For the three-month period that ended June 29, Uniti Group Inc had $5.39 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $25.3 million in the quarter, while revenues of -$19.45 million were shrunk -110.87%. The analyst consensus anticipated Uniti Group Inc’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.11, a 0.00% surprise. For the quarter, EBITDA amounted to $222.07 million. At the end of the quarter ending June 29, Uniti Group Inc’s stock balance sheet showed total debt was $5.49 billion. Shareholders own equity worth $238.69 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Uniti Group Inc (UNIT) price momentum. RSI 9-day as of the close on 28 September was 43.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.39%.
As of today, UNIT’s price is $4.52 -1.57% or -$0.07 from its 5-day moving average. UNIT is currently trading -12.57% lower than its 20-day SMA and +23.88% higher than its 100-day SMA. However, the stock’s current price level is -6.66% below the SMA50 and -22.91% below the SMA200.
The stochastic %K and %D were 19.51% and 10.38%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 33.33% and the average true range at 0.27, the RSI (14) stands at 43.68%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.34.
Analyst Ratings
Citigroup upgraded Uniti Group Inc (NASDAQ: UNIT) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Uniti Group Inc (UNIT) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell UNIT, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is UNIT’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $10.00, with a median target of $5.50. Taking a look at these predictions, the average price target given by analysts for Uniti Group Inc (UNIT) stock is $6.25.
