Uniti Group Inc (NASDAQ:UNIT)’s traded shares stood at 0.64 million during the latest session, with the company’s beta value hitting 1.29. At the last check today, the stock’s price was $4.55, to imply an increase of 5.68% or $0.24 in intraday trading. The UNIT share’s 52-week high remains $6.71, putting it -47.47% down since that peak but still an impressive 43.52% since price per share fell to its 52-week low of $2.57. The company has a valuation of $1.11B, with an average of 2.7 million shares in intraday trading volume over the past 10 days and average of 3.12 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Uniti Group Inc (UNIT), translating to a mean rating of 2.67. Of 3 analyst(s) looking at the stock, 1 analyst(s) give UNIT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.1.
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Uniti Group Inc (NASDAQ:UNIT) trade information
After registering a 5.68% upside in the latest session, Uniti Group Inc (UNIT) has traded red over the past five days. The 5-day price performance for the stock is 10.29%, and 25.83% over 30 days. With these gigs, the year-to-date price performance is -21.19%. Short interest in Uniti Group Inc (NASDAQ:UNIT) saw shorts transact 16.5 million shares and set a 6.14 days time to cover.
The extremes give us $7 and $7.25 for target low and target high price respectively. As such, UNIT has been trading -59.34% off suggested target high and -53.85% from its likely low.
Uniti Group Inc (UNIT) estimates and forecasts
Looking at statistics comparing Uniti Group Inc share performance against respective industry, we note that the company has outperformed competitors. Uniti Group Inc (UNIT) shares are -20.51% down over the last 6 months, with its year-to-date growth rate higher than industry average at 0.70% against -2.90%. Revenue is forecast to grow 129.40% this quarter before falling -7.70% for the next one. The rating firms project that company’s revenue will grow 1.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 290.33M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 294M.Earnings reports from the last fiscal year show that sales brought in 290.9M and 285.66M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.20% before jumping 2.90% in the following quarter.
UNIT Dividends
Uniti Group Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Uniti Group Inc has a forward dividend ratio of 0.60, with the share yield ticking at 13.17% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 8.57%.
Uniti Group Inc (NASDAQ:UNIT)’s Major holders
Uniti Group Inc insiders hold 2.47% of total outstanding shares, with institutional holders owning 86.12% of the shares at 88.31% float percentage. In total, 86.12% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 38.87 million shares (or 16.4097% of shares), all amounting to roughly $113.51 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 37.2 million shares, or about 15.7016% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $108.62 million.
