Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The closing price of Uniti Group Inc (NASDAQ: UNIT) was $5.57 for the day, up 1.09% from the previous closing price of $5.51. In other words, the price has increased by $1.09 from its previous closing price. On the day, 1.43 million shares were traded. UNIT stock price reached its highest trading level at $5.65 during the session, while it also had its lowest trading level at $5.495.
Ratios:
Our analysis of UNIT’s different ratios will help us gain a deeper understanding of the company.
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.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 06 ’24 when Mudry Ronald J. sold 28,693 shares for $3.94 per share. The transaction valued at 113,050 led to the insider holds 513,761 shares of the business.
THE MUDRY FAM RLT bought 28,693 shares of UNIT for $113,071 on Aug 06 ’24.
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 1359720576 and an Enterprise Value of 7191015936. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.38, and their Forward P/E ratio for the next fiscal year is 13.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17. Its current Enterprise Value per Revenue stands at 6.203 whereas that against EBITDA is 8.187.
Stock Price History:
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 -2.74%, while the 200-Day Moving Average is calculated to be 15.87%.
Shares Statistics:
UNIT traded an average of 2.42M shares per day over the past three months and 2101370 shares per day over the past ten days. A total of 237.49M shares are outstanding, with a floating share count of 227.95M. Insiders hold about 6.62% of the company’s shares, while institutions hold 82.90% stake in the company. Shares short for UNIT as of 1732838400 were 12765961 with a Short Ratio of 5.27, compared to 1730332800 on 13236629. Therefore, it implies a Short% of Shares Outstanding of 12765961 and a Short% of Float of 7.8200005.
Dividends & Splits
With its trailing 12-month dividend rate of 0.45, UNIT has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.08166969The stock’s 5-year Average Dividend Yield is 8.43.
