Gaining Ground: Uniti Group Inc (UNIT) Closes Higher at 3.10, Up 2.31

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The price of Uniti Group Inc (NASDAQ: UNIT) closed at $3.10 in the last session, up 2.31% from day before closing price of $3.03. In other words, the price has increased by $2.31 from its previous closing price. On the day, 1.83 million shares were traded. UNIT stock price reached its highest trading level at $3.105 during the session, while it also had its lowest trading level at $2.935.

Ratios:

We take a closer look at UNIT’s different ratios to gain a better understanding of the stock.

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 744796672 and an Enterprise Value of 6463116288. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.46, and their Forward P/E ratio for the next fiscal year is 7.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61. Its current Enterprise Value per Revenue stands at 5.638 whereas that against EBITDA is 7.311.

Stock Price History:

The Beta on a monthly basis for UNIT is 1.31, which has changed by -0.37246966 over the last 52 weeks, in comparison to a change of 0.24704397 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 -12.40%, while the 200-Day Moving Average is calculated to be -36.96%.

Shares Statistics:

According to the various share statistics, UNIT traded on average about 3.42M shares per day over the past 3-months and 3024600 shares per day over the past 10 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 87.58% stake in the company. Shares short for UNIT as of 1718323200 were 17004346 with a Short Ratio of 4.97, compared to 1715731200 on 15676891. Therefore, it implies a Short% of Shares Outstanding of 17004346 and a Short% of Float of 10.6800005.

Dividends & Splits

The forward annual dividend rate for UNIT is 0.60, which was 0.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.19801982The stock’s 5-year Average Dividend Yield is 8.56.

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