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After finishing at $3.69 in the prior trading day, Uniti Group Inc (NASDAQ: UNIT) closed at $3.53, down -4.34%. In other words, the price has decreased by -$4.34 from its previous closing price. On the day, 1.94 million shares were traded. UNIT stock price reached its highest trading level at $3.7 during the session, while it also had its lowest trading level at $3.51.
Ratios:
Our goal is to gain a better understanding of UNIT by taking a closer look at 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 848107200 and an Enterprise Value of 6566426624. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.15, and their Forward P/E ratio for the next fiscal year is 8.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73. Its current Enterprise Value per Revenue stands at 5.728 whereas that against EBITDA is 7.427.
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 9.67%, while the 200-Day Moving Average is calculated to be -27.15%.
Shares Statistics:
The stock has traded on average 3.54M shares per day over the past 3-months and 2697060 shares per day over the last 10 days, according to various share statistics. 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 86.65% stake in the company. Shares short for UNIT as of 1721001600 were 16462872 with a Short Ratio of 4.65, compared to 1718323200 on 17004346. Therefore, it implies a Short% of Shares Outstanding of 16462872 and a Short% of Float of 10.34.
Dividends & Splits
In the trailing 12 months, UNIT’s forward annual dividend rate was 0.6, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 0.16260163The stock’s 5-year Average Dividend Yield is 8.56.
