During the recent session, Uniti Group Inc (NASDAQ:UNIT)’s traded shares were 0.87 million, with the beta value of the company hitting 1.24. At the last check today, the stock’s price was $4.11, reflecting an intraday loss of -2.84% or -$0.12. The 52-week high for the UNIT share is $6.71, that puts it down -63.26 from that peak though still a striking 37.47% gain since the share price plummeted to a 52-week low of $2.57. The company’s market capitalization is $1.00B, and the average intraday trading volume over the past 10 days was 3.59 million shares, and the average trade volume was 3.12 million shares over the past three months.
Uniti Group Inc (UNIT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. UNIT has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
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Uniti Group Inc (NASDAQ:UNIT) trade information
Uniti Group Inc (UNIT) registered a -2.84% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.84% in intraday trading to $4.11, hitting a weekly high. The stock’s 5-day price performance is 1.48%, and it has moved by 24.17% in 30 days. Based on these gigs, the overall price performance for the year is -27.77%. The short interest in Uniti Group Inc (NASDAQ:UNIT) is 16.46 million shares and it means that shorts have 4.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.12, which implies an increase of 42.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $7.25 respectively. As a result, UNIT is trading at a discount of -76.4% off the target high and -70.32% off the low.
Uniti Group Inc (UNIT) estimates and forecasts
Statistics show that Uniti Group Inc has outperformed its competitors in share price, compared to the industry in which it operates. Uniti Group Inc (UNIT) shares have gone down -15.43% during the last six months, with a year-to-date growth rate more than the industry average at 0.70% against -2.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 129.40% this quarter and then drop -15.40% in the quarter after that. In the rating firms’ projections, revenue will increase 1.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 290.94M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 293.61M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 290.9M and 285.66M respectively.
While earnings are projected to return 227.75% in 2024, the next five years will return 17.40% per annum.
UNIT Dividends
Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Uniti Group Inc is 0.60, with the dividend yield indicating at 14.60 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 8.57%.
Uniti Group Inc (NASDAQ:UNIT)’s Major holders
Uniti Group Inc insiders own 2.48% of total outstanding shares while institutional holders control 86.97%, with the float percentage being 89.19%. BLACKROCK INC. is the largest shareholder of the company, while 417.0 institutions own stock in it. As of 2024-03-31, the company held over 39.36 million shares (or 16.65% of all shares), a total value of $232.23 million in shares.
The next largest institutional holding, with 38.44 million shares, is of VANGUARD GROUP INC’s that is approximately 16.2614% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $226.81 million.
