Uniti Group Inc. [UNIT] gain 14.65% so far this year. What now?

Uniti Group Inc. [NASDAQ: UNIT] traded at a high on 01/26/23, posting a 0.79 gain after which it closed the day’ session at $6.34. The company report on January 26, 2023 that Uniti Signs Long-Haul Dark Fiber Agreement with Global Internet Provider.

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The Houston, TX to Jacksonville, FL route will require Uniti to build ten (10) new In-Line Amplifier (ILA) shelters where its customer will lease space and power to regenerate their optical signal. These locations will not only allow Uniti to lease additional space and power to other customers, but they will also allow Uniti to regenerate its own optical signal as it deploys its Private Wave Channel (PWC) product along this route in the near future.

The results of the trading session contributed to over 2506766 shares changing hands. Over the past one week, the price volatility of Uniti Group Inc. stands at 3.84% while the volatility over the past one month is 3.74%.

The market cap for UNIT stock reached $1.44 billion, with 235.74 million shares outstanding and 230.72 million shares in the current float. Compared to the average trading volume of 2.59M shares, UNIT reached a trading volume of 2506766 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $10.00 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 0.24, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 1.27.

How has UNIT stock performed recently?

Uniti Group Inc. [UNIT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.55. With this latest performance, UNIT shares gained by 10.45% in over the last four-week period, additionally sinking by -35.63% over the last 6 months – not to mention a drop of -47.39% 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 57.16, with the RSI for the last a single of trading hit 64.58, and the three-weeks RSI is set at 52.19 for Uniti Group Inc. [UNIT]. The present Moving Average for the last 50 days of trading for this stock 6.39, while it was recorded at 6.26 for the last single week of trading, and 8.82 for the last 200 days.

Uniti Group Inc. [UNIT]: Deeper insight into the 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 analysis for Uniti Group Inc. [UNIT]

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%.

Insider trade positions for Uniti Group Inc. [UNIT]

There are presently around $1,259 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 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 37,795,754 shares of the stock with an approximate value of $239.62 million in UNIT stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $89.86 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 February and at the time of the February reporting period, where 160 institutional holders increased their position in Uniti Group Inc. [NASDAQ:UNIT] by around 11,053,609 shares. Additionally, 117 investors decreased positions by around 14,079,481 shares, while 64 investors held positions by with 173,462,686 shares. The mentioned changes placed institutional holdings at 198,595,776 shares, according to the latest SEC report filing. UNIT stock had 44 new institutional investments in for a total of 1,394,201 shares, while 37 institutional investors sold positions of 858,784 shares during the same period.


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