Market cap of Uniti Group Inc [UNIT] reaches 861.51M – now what?

Uniti Group Inc [NASDAQ: UNIT] loss -4.22% or -0.16 points to close at $3.63 with a heavy trading volume of 2958084 shares.

The daily chart for UNIT points out that the company has recorded -31.25% loss over the past six months.

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If we look at the average trading volume of 2.78M shares, UNIT reached to a volume of 2958084 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $5.80 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 2.33. 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.

Raymond James have made an estimate for Uniti Group Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 06, 2024. The new note on the price target was released on November 07, 2023, representing the official price target for Uniti Group Inc stock. Previously, the target price had yet another raise from $6 to $10, while Citigroup kept a Neutral rating on UNIT stock.

The Average True Range (ATR) for Uniti Group Inc is set at 0.30, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 0.71.

Trading performance analysis for UNIT stock

Uniti Group Inc [UNIT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.47. With this latest performance, UNIT shares dropped by -31.51% in over the last four-week period, additionally sinking by -31.25% over the last 6 months – not to mention a rise of 6.76% 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 24.02, with the RSI for the last a single of trading hit 20.42, and the three-weeks RSI is set at 27.48 for Uniti Group Inc [UNIT]. The present Moving Average for the last 50 days of trading for this stock 5.47, while it was recorded at 3.79 for the last single week of trading, and 5.30 for the last 200 days.

Uniti Group Inc [UNIT]: An earnings per share (EPS) analysis

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%.

An analysis of Institutional ownership at Uniti Group Inc [UNIT]

The top three institutional holders of UNIT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in UNIT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in UNIT stock with ownership which is approximately 5.8386%.