Uniti Group Inc (NASDAQ:UNIT) has a beta value of 1.27 and has seen 0.8 million shares traded in the recent trading session. The company, currently valued at $977.82M, closed the recent trade at $4.01 per share which meant it gained $0.12 on the day or 2.96% during that session. The UNIT stock price is -67.33% off its 52-week high price of $6.71 and 35.91% above the 52-week low of $2.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.94 million shares traded. The 3-month trading volume is 3.13 million shares.
The consensus among analysts is that Uniti Group Inc (UNIT) is Buy stock at the moment, with a recommendation rating of 2.67. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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Uniti Group Inc (NASDAQ:UNIT) trade information
Sporting 2.96% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the UNIT stock price touched $4.01 or saw a rise of 7.82%. Year-to-date, Uniti Group Inc shares have moved -30.71%, while the 5-day performance has seen it change -3.03%. Over the past 30 days, the shares of Uniti Group Inc (NASDAQ:UNIT) have changed 6.52%. Short interest in the company has seen 16.5 million shares shorted with days to cover at 6.14.
Wall Street analysts have a consensus price target for the stock at $7.12, which means that the shares’ value could jump 43.68% from the levels at last check today. The projected low price target is $7.0 while the price target rests at a high of $7.25. In that case, then, we find that the latest price level in today’s session is -80.8% off the targeted high while a plunge would see the stock gain -74.56% from the levels at last check today.
Uniti Group Inc (UNIT) estimates and forecasts
Figures show that Uniti Group Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -22.68% over the past 6 months, with this year growth rate of 0.70%, compared to -2.90% for the industry.
Earnings growth for 2024 is a modest 228.57% while over the next 5 years, the company’s earnings are expected to increase by 17.40%.
UNIT Dividends
The forward dividend is 0.60 at a share yield of 14.98%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.57%.
Uniti Group Inc (NASDAQ:UNIT)’s Major holders
Insiders own 2.48% of the company shares, while shares held by institutions stand at 86.97% with a share float percentage of 89.18%. Investors are also buoyed by the number of investors in a company, with Uniti Group Inc having a total of 412.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 39.36 million shares worth more than $232.23 million. As of 2024-03-31, BLACKROCK INC. held 16.65% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 38.44 million shares as of 2024-03-31. The firm’s total holdings are worth over $226.81 million and represent 16.2614% of shares outstanding.
