In last trading session, Uniti Group Inc. (NASDAQ:UNIT) saw 1,249,470 shares changing hands with its beta currently measuring 0.93. Company’s recent per share price level of $10.6 trading at $0.28 or 2.71% at ring of the bell on the day assigns it a market valuation of $2.47 Billion. That closing price of UNIT’s stock is at a discount of -4.53% from its 52-week high price of $11.08 and is indicating a premium of 54.15% from its 52-week low price of $4.86. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.17 Million shares which gives us an average trading volume of 1.81 Million if we extend that period to 3-months.
For Uniti Group Inc. (UNIT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.7. Splitting up the data highlights that, out of 11 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.09 in the current quarter.
Uniti Group Inc. (NASDAQ:UNIT) trade information
Upright in the green today for gaining 2.71%, in the last five days UNIT remained trading in the green while hitting it’s week-highest on Wednesday, Nov 18 when the stock touched $10.84- price level, adding 2.21% to its value on the day. Uniti Group Inc.’s shares saw a change of 29.11% in year-to-date performance and have moved 13.01% in past 5-day. Uniti Group Inc. (NASDAQ:UNIT) showed a performance of 5.47% in past 30-days. Number of shares sold short was 14.3 Million shares which calculate 7.9 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $10.65 to the stock, which implies a rise of 0.47% to its current value. Analysts have been projecting $6 as a low price target for the stock while placing it at a high target of $16. It follows that stock’s current price would jump +50.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -43.4% for stock’s current value.
Uniti Group Inc. (UNIT) estimates and forecasts
Statistics highlight that Uniti Group Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +22.97% of value to its shares in past 6 months, showing an annual growth rate of -139.9% while that of industry is -3. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 250% in the current quarter and calculating 114.6% increase in the next quarter. This year revenue growth is estimated to rise 0.1% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $264.45 Million for the same. And 4 analysts are in estimates of company making revenue of $267.77 Million in the next quarter that will end in March 01, 2021. Company posted $268.54 Million and $266.16 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -1.5% while estimating it to be 0.6% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -0.8% while estimates for its earnings growth in next 5 years are of 8.6%
Uniti Group Inc. is more likely to be releasing its next quarterly report between November 09 and November 09, 2020, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.8%, the share has a forward dividend of 0.6 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 10.78%.
Uniti Group Inc. (NASDAQ:UNIT)’s Major holders
Insiders are in possession of 0.79% of company’s total shares while institution are holding 83.09% percent of that, with stock having share float percentage of 83.75%. Investors also watch the number of corporate investors in a company very closely, which is 352 institutions for Uniti Group Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at UNIT for having 31.01 Million shares of worth $326.73 Million. And as of September 29, 2020, it was holding 13.33% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 29Million shares on September 29, 2020. The number of shares represents firm’s hold over 12.46% of outstanding shares, having a total worth of $305.52 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Specialized-Real Estate Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 12050444 shares of worth $126.95 Million or 5.18% of the total outstanding shares. The later fund manager was in possession of 8.2 Million shares on July 30, 2020, making its stake of worth around $81.22 Million in the company or a holder of 3.52% of company’s stock.