Uniti Group Inc. [NASDAQ: UNIT] slipped around -0.11 points on Wednesday, while shares priced at $3.15 at the close of the session, down -3.37%. The company report on March 30, 2023 that Uniti Group Inc. To Report First Quarter 2023 Financial Results and Host Conference Call.
The conference call will be webcast live on Uniti’s Investor Relations website at investor.uniti.com. Those parties interested in participating via telephone may register on the Investor Relations website or by clicking here.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Compared to the average trading volume of 3.19M shares, UNIT reached a trading volume of 3392428 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 $6.83 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 0.23, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 0.63.
How has UNIT stock performed recently?
Uniti Group Inc. [UNIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.01. With this latest performance, UNIT shares dropped by -32.26% in over the last four-week period, additionally sinking by -59.25% over the last 6 months – not to mention a drop of -77.26% 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 26.09, with the RSI for the last a single of trading hit 26.19, and the three-weeks RSI is set at 27.19 for Uniti Group Inc. [UNIT]. The present Moving Average for the last 50 days of trading for this stock 4.98, while it was recorded at 3.36 for the last single week of trading, and 7.22 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 +51.47 and a Gross Margin at +61.38. Uniti Group Inc.’s Net Margin is presently recorded at -0.83.
Return on Total Capital for UNIT is now 17.99, given the latest momentum, and Return on Invested Capital for the company is -0.29. Additionally, UNIT Total Debt to Total Capital is recorded at 170.38, with Total Debt to Total Assets ending up at 113.46.
Reflecting on the efficiency of the workforce at the company, Uniti Group Inc. [UNIT] managed to generate an average of -$12,003 per employee. Receivables Turnover for the company is 11.82 with a Total Asset Turnover recorded at a value of 0.23.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 17.40%.
Insider trade positions for Uniti Group Inc. [UNIT]
There are presently around $674 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 38,923,690, which is approximately 2.577% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 38,272,931 shares of the stock with an approximate value of $124.77 million in UNIT stocks shares; and ELLIOTT INVESTMENT MANAGEMENT L.P., currently with $32.99 million in UNIT stock with ownership of nearly -28.597% of the company’s market capitalization.
Positions in Uniti Group Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 170 institutional holders increased their position in Uniti Group Inc. [NASDAQ:UNIT] by around 25,025,728 shares. Additionally, 128 investors decreased positions by around 19,279,071 shares, while 55 investors held positions by with 162,510,084 shares. The mentioned changes placed institutional holdings at 206,814,883 shares, according to the latest SEC report filing. UNIT stock had 53 new institutional investments in for a total of 4,553,054 shares, while 48 institutional investors sold positions of 2,804,095 shares during the same period.