In last trading session, Uniti Group Inc (NASDAQ:UNIT) saw 2.61 million shares changing hands with its beta currently measuring 1.28. Company’s recent per share price level of $3.62 trading at $0.11 or 3.13% at ring of the bell on the day assigns it a market valuation of $859.13M. That closing price of UNIT’s stock is at a discount of -85.36% from its 52-week high price of $6.71 and is indicating a premium of 29.01% from its 52-week low price of $2.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.88 million shares which gives us an average trading volume of 3.54 million if we extend that period to 3-months.

For Uniti Group Inc (UNIT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

Uniti Group Inc (NASDAQ:UNIT) trade information

Upright in the green during last session for gaining 3.13%, in the last five days UNIT remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $3.62 price level, adding 4.23% to its value on the day. Uniti Group Inc’s shares saw a change of -37.37% in year-to-date performance and have moved -2.16% in past 5-day. Uniti Group Inc (NASDAQ:UNIT) showed a performance of 35.07% in past 30-days. Number of shares sold short was 16.46 million shares which calculate 4.67 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 7.125 to the stock, which implies a rise of 49.19% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7.25. It follows that stock’s current price would drop -93.37% in reaching the projected high whereas dropping to the targeted low would mean a loss of -93.37% for stock’s current value.

Uniti Group Inc (UNIT) estimates and forecasts

Statistics highlight that Uniti Group Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -31.89% of value to its shares in past 6 months, showing an annual growth rate of 0.70% while that of industry is -3.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around 231.18% while estimates for its earnings growth in next 5 years are of 17.40%.

UNIT Dividends

Uniti Group Inc is more likely to be releasing its next quarterly report in August 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 16.57%, the share has a forward dividend of 0.60 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 8.56%.

Uniti Group Inc (NASDAQ:UNIT)’s Major holders

Insiders are in possession of 2.52% of company’s total shares while institution are holding 89.32 percent of that, with stock having share float percentage of 91.63%. Investors also watch the number of corporate investors in a company very closely, which is 89.32% institutions for Uniti Group Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at UNIT for having 39.36 million shares of worth $232.23 million. And as of 2024-03-31, it was holding 16.65 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 38.44 million shares on 2024-03-31. The number of shares represents firm’s hold over 16.2614 of outstanding shares, having a total worth of $226.81 million.