Uniti Group Inc. [UNIT] Revenue clocked in at $1.14 billion, down -56.64% YTD: What’s Next?

Uniti Group Inc. [NASDAQ: UNIT] closed the trading session at $6.07 on 12/07/22. The day’s price range saw the stock hit a low of $5.98, while the highest price level was $6.53. The company report on December 6, 2022 that Uniti Group Inc. Announces Launch of Convertible Notes Offering.

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The Company also intends to grant to the initial purchasers of the Convertible Notes an option to purchase up to an additional $45 million aggregate principal amount of the Convertible Notes during a 13-day period beginning on, and including, the first day on which the Convertible Notes are issued.

The stocks have a year to date performance of -56.64 percent and weekly performance of -20.28 percent. The stock has been moved at -45.17 percent over the last six months. The stock has performed -12.84 percent around the most recent 30 days and changed -34.04 percent over the most recent 3-months.

If compared to the average trading volume of 1.92M shares, UNIT reached to a volume of 12670254 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Uniti Group Inc. [UNIT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UNIT shares is $10.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UNIT stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Uniti Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 16, 2020. The new note on the price target was released on August 12, 2020, representing the official price target for Uniti Group Inc. stock. Previously, the target price had yet another raise to $10, while Barclays analysts kept a Equal Weight rating on UNIT stock.

The Average True Range (ATR) for Uniti Group Inc. is set at 0.38, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 1.27.

UNIT stock trade performance evaluation

Uniti Group Inc. [UNIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.28. With this latest performance, UNIT shares dropped by -12.84% in over the last four-week period, additionally sinking by -45.17% over the last 6 months – not to mention a drop of -55.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UNIT stock in for the last two-week period is set at 31.61, with the RSI for the last a single of trading hit 23.97, and the three-weeks RSI is set at 35.82 for Uniti Group Inc. [UNIT]. The present Moving Average for the last 50 days of trading for this stock 7.23, while it was recorded at 7.07 for the last single week of trading, and 10.06 for the last 200 days.

Uniti Group Inc. [UNIT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Uniti Group Inc. [UNIT] shares currently have an operating margin of +50.34 and a Gross Margin at +60.22. Uniti Group Inc.’s Net Margin is presently recorded at +11.14.

Uniti Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.10.

Earnings per share (EPS) analysis for Uniti Group Inc. [UNIT] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UNIT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Uniti Group Inc. go to 34.00%.

Uniti Group Inc. [UNIT]: Insider Ownership positions

There are presently around $1,225 million, or 86.60% of UNIT stock, in the hands of institutional investors. The top three institutional holders of UNIT stocks are: BLACKROCK INC. with ownership of 37,945,737, which is approximately 0.662% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 37,795,754 shares of the stock with an approximate value of $229.61 million in UNIT stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $86.11 million in UNIT stock with ownership of nearly -30.775% of the company’s market capitalization.

Positions in Uniti Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 146 institutional holders increased their position in Uniti Group Inc. [NASDAQ:UNIT] by around 12,405,789 shares. Additionally, 125 investors decreased positions by around 13,063,978 shares, while 73 investors held positions by with 176,194,745 shares. The mentioned changes placed institutional holdings at 201,664,512 shares, according to the latest SEC report filing. UNIT stock had 37 new institutional investments in for a total of 2,612,664 shares, while 39 institutional investors sold positions of 972,125 shares during the same period.


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