Uniti Group Inc [NASDAQ: UNIT] surged by $0.03 during the normal trading session on while it closed the day at $2.71.
Uniti Group Inc stock has also loss -1.45% of its value over the past 7 days. However, UNIT stock has declined by -54.38% in the 3 months of the year. Over the past six months meanwhile, it has lost -49.72% and lost -53.11% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for UNIT stock reached $643.16 million, with 236.56 million shares outstanding and 226.77 million shares in the current float. Compared to the average trading volume of 3.18M shares, UNIT reached a trading volume of 3396734 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 $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 2.50. 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 0.19, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 0.53.
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 -1.45. With this latest performance, UNIT shares dropped by -16.36% in over the last four-week period, additionally sinking by -49.72% over the last 6 months – not to mention a drop of -39.78% 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 29.62, with the RSI for the last a single of trading hit 31.64, and the three-weeks RSI is set at 29.38 for Uniti Group Inc [UNIT]. The present Moving Average for the last 50 days of trading for this stock 3.90, while it was recorded at 2.74 for the last single week of trading, and 5.00 for the last 200 days.
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 17.40%.
Uniti Group Inc [UNIT]: Institutional Ownership
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%.
