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The price of Uniti Group Inc (NASDAQ: UNIT) closed at $5.55 in the last session, up 1.46% from day before closing price of $5.47. In other words, the price has increased by $1.46 from its previous closing price. On the day, 0.94 million shares were traded.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.33, and their Forward P/E ratio for the next fiscal year is 13.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17.
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 -1.22%, while the 200-Day Moving Average is calculated to be 17.03%.
Shares Statistics:
A total of 237.49M shares are outstanding, with a floating share count of 227.90M. Insiders hold about 6.64% of the company’s shares, while institutions hold 84.04% stake in the company.
