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After finishing at $5.88 in the prior trading day, Uniti Group Inc (NASDAQ: UNIT) closed at $5.91, up 0.51%. In other words, the price has increased by $0.51 from its previous closing price. On the day, 0.65 million shares were traded. UNIT stock price reached its highest trading level at $5.965 during the session, while it also had its lowest trading level at $5.885.
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.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1442719616 and an Enterprise Value of 7288662016. As of this moment, Uniti’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.20, and their Forward P/E ratio for the next fiscal year is 14.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25. Its current Enterprise Value per Revenue stands at 6.287 whereas that against EBITDA is 8.299.
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 5.18%, while the 200-Day Moving Average is calculated to be 23.02%.
Shares Statistics:
The stock has traded on average 2.66M shares per day over the past 3-months and 2266770 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 227.96M. Insiders hold about 6.62% of the company’s shares, while institutions hold 82.88% stake in the company. Shares short for UNIT as of 1731628800 were 13856916 with a Short Ratio of 5.21, compared to 1728950400 on 15582968. Therefore, it implies a Short% of Shares Outstanding of 13856916 and a Short% of Float of 8.49.
Dividends & Splits
In the trailing 12 months, UNIT’s forward annual dividend rate was 0.45, compared to 0.45 this year. Against a Trailing Annual Dividend Yield of 0.076530606The stock’s 5-year Average Dividend Yield is 8.43.
