Is a Correction Looming Ahead for Uniti Group Inc. (UNIT)

Uniti Group Inc. (NASDAQ:UNIT) went up by 0.14% from its latest closing price compared to the recent 1-year high of $11.08. The company’s stock price has collected 10.47% of gains in the last five trading sessions. Press Release reported on 09/28/20 that Uniti Group Inc. to Participate in Deutsche Bank’s 28th Annual Leveraged Finance Conference

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Is It Worth Investing in Uniti Group Inc. (NASDAQ :UNIT) Right Now?

Plus, the 36-month beta value for UNIT is at 0.94. Opinions of the stock are interesting as 2 analysts out of 9 who provided ratings for Uniti Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 6 rated it as “hold,” and 1 as “sell.”


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The average price from analysts is $10.13, which is -$0.41 below the current price. UNIT currently public float of 184.13M and currently shorts hold a 8.17% ratio of that float. Today, the average trading volume of UNIT was 1.62M shares.

UNIT’s Market Performance

UNIT stocks went up by 10.47% for the week, with a monthly jump of 5.03% and a quarterly performance of 10.94%, while its annual performance rate touched 46.94%. The volatility ratio for the week stands at 3.48% while the volatility levels for the past 30 days are set at 4.44% for Uniti Group Inc.. The simple moving average for the period of the last 20 days is 9.83% for UNIT stocks with a simple moving average of 26.50% for the last 200 days.

Analysts’ Opinion of UNIT

Many brokerage firms have already submitted their reports for UNIT stocks, with Wells Fargo repeating the rating for UNIT by listing it as a “Equal Weight.” The predicted price for UNIT in the upcoming period, according to Wells Fargo is $10 based on the research report published on August 12th of the current year 2020.

Barclays, on the other hand, stated in their research note that they expect to see UNIT reach a price target of $10. The rating they have provided for UNIT stocks is “Equal Weight” according to the report published on July 15th, 2020.

Raymond James gave a rating of “Strong Buy” to UNIT, setting the target price at $13 in the report published on May 12th of the current year.

UNIT Trading at 7.66% from the 50-Day Moving Average

After a stumble in the market that brought UNIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.78% of loss for the given period.

Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 3.48%, as shares surge +5.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.71% upper at present.

During the last 5 trading sessions, UNIT rose by +10.47%, which changed the moving average for the period of 200-days by +41.99% in comparison to the 20-day moving average, which settled at $9.63. In addition, Uniti Group Inc. saw 28.50% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for UNIT

Current profitability levels for the company are sitting at:

  • +2.55 for the present operating margin
  • +48.09 for the gross margin

The net margin for Uniti Group Inc. stands at +0.92. The total capital return value is set at 0.77, while invested capital returns managed to touch 0.29. Equity return is now at value 39.60, with -14.00 for asset returns.

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Currently, EBITDA for the company is 257.44M with total debt to EBITDA at 6.13. When we switch over and look at the enterrpise to sales, we see a ratio of 6.13, with the company’s debt to enterprise value settled at 0.78. The receivables turnover for the company is 8.87 and the total asset turnover is 0.23.

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