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As of close of business last night, Uniti Group Inc’s stock clocked out at $3.90, up 3.72% from its previous closing price of $3.76. In other words, the price has increased by $3.72 from its previous closing price. On the day, 3.4 million shares were traded. UNIT stock price reached its highest trading level at $3.91 during the session, while it also had its lowest trading level at $3.74.
Ratios:
To gain a deeper understanding of UNIT’s stock, we examine its different ratios.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on May 06, 2024, Downgraded its rating to Outperform and sets its target price to $6 from $8 previously.
On November 07, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $3.50.
Citigroup Upgraded its Sell to Neutral on November 16, 2020, whereas the target price for the stock was revised from $6 to $10.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UNIT now has a Market Capitalization of 937002304 and an Enterprise Value of 6655322112. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 69.77, and their Forward P/E ratio for the next fiscal year is 9.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81. Its current Enterprise Value per Revenue stands at 5.805 whereas that against EBITDA is 7.528.
Stock Price History:
The Beta on a monthly basis for UNIT is 1.34, which has changed by -0.2585551 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, UNIT has reached a high of $6.71, while it has fallen to a 52-week low of $2.57. The 50-Day Moving Average of the stock is 18.15%, while the 200-Day Moving Average is calculated to be -20.12%.
Shares Statistics:
It appears that UNIT traded 3.54M shares on average per day over the past three months and 2499530 shares per day over the past ten days. A total of 236.56M shares are outstanding, with a floating share count of 226.77M. Insiders hold about 4.45% of the company’s shares, while institutions hold 87.51% stake in the company. Shares short for UNIT as of 1719532800 were 17383563 with a Short Ratio of 4.91, compared to 1717113600 on 16674486. Therefore, it implies a Short% of Shares Outstanding of 17383563 and a Short% of Float of 10.91.
Dividends & Splits
With its trailing 12-month dividend rate of 0.6, UNIT has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.15957448The stock’s 5-year Average Dividend Yield is 8.56.
