Uniti Group Inc [NASDAQ: UNIT] traded at a high on Thursday, posting a 1.91 gain after which it closed the day’ session at $5.33.
The results of the trading session contributed to over 3251485 shares changing hands. Over the past one week, the price volatility of Uniti Group Inc stands at 4.40% while the volatility over the past one month is 4.74%.
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The market cap for UNIT stock reached $1.30 billion, with 236.56 million shares outstanding and 233.00 million shares in the current float. Compared to the average trading volume of 3.13M shares, UNIT reached a trading volume of 3251485 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 $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 2.67. 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 0.24, with the Price to Sales ratio for UNIT stock in the period of the last 12 months amounting to 1.12.
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 1.52. With this latest performance, UNIT shares gained by 20.86% in over the last four-week period, additionally sinking by -14.99% over the last 6 months – not to mention a rise of 3.70% 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 65.88, with the RSI for the last a single of trading hit 65.40, and the three-weeks RSI is set at 64.89 for Uniti Group Inc [UNIT]. The present Moving Average for the last 50 days of trading for this stock 4.30, while it was recorded at 5.33 for the last single week of trading, and 4.77 for the last 200 days.
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 $86.17%, or 88.36%% of UNIT stock, in the hands of institutional investors. The top three institutional holders of UNIT stocks are: BLACKROCK INC. with ownership of 38.87 million shares, which is approximately 16.4097%. VANGUARD GROUP INC, holding 37.2 million shares of the stock with an approximate value of $$108.62 million in UNIT stocks shares; and VANGUARD GROUP INC, currently with $$29.55 million in UNIT stock with ownership which is approximately 4.2722%.
