In the latest trading session, 0.42 million Uniti Group Inc (NASDAQ:UNIT) shares changed hands as the company’s beta touched 1.29. With the company’s most recent per share price at $3.55 changed hands at -$0.14 or -3.79% at last look, the market valuation stands at $842.52M. UNIT’s current price is a discount, trading about -89.01% off its 52-week high of $6.71. The share price had its 52-week low at $2.57, which suggests the last value was 27.61% up since then. When we look at Uniti Group Inc’s average trading volume, we note the 10-day average is 2.89 million shares, with the 3-month average coming to 3.54 million.
Analysts gave the Uniti Group Inc (UNIT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 1 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended UNIT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Uniti Group Inc (NASDAQ:UNIT) trade information
Instantly UNIT was in red as seen in intraday trades today. With action -3.53%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.58%, with the 5-day performance at -3.53% in the red. However, in the 30-day time frame, Uniti Group Inc (NASDAQ:UNIT) is 30.04% up. Looking at the short shares, we see there were 16.46 million shares sold at short interest cover period of 4.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7.125, meaning bulls need an upside of 50.18% from its recent market value. According to analyst projections, UNIT’s forecast low is 7 with 7.25 as the target high. To hit the forecast high, the stock’s price needs a -104.23% plunge from its current level, while the stock would need to soar -97.18% for it to hit the projected low.
Uniti Group Inc (UNIT) estimates and forecasts
Data shows that the Uniti Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.74% over the past 6 months, a 0.70% in annual growth rate that is considerably higher than the industry average of -3.00%.
The 2024 estimates are for Uniti Group Inc earnings to increase by 231.18%, but the outlook for the next 5-year period is at 17.40% per year.
UNIT Dividends
The 16.90% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 16.90% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 8.56 per year.
Uniti Group Inc (NASDAQ:UNIT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.52% of Uniti Group Inc shares while 89.25% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.56%. There are 89.25% institutions holding the Uniti Group Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 16.65% of the shares, roughly 39.36 million UNIT shares worth $232.23 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 16.2614% or 38.44 million shares worth $226.81 million as of 2024-03-31.
