In the past week, UNIT stock has gone down by -19.28%, with a monthly decline of -42.22% and a quarterly plunge of -42.80%. The volatility ratio for the week is 9.50%, and the volatility levels for the last 30 days are 5.74% for Uniti Group Inc. The simple moving average for the last 20 days is -30.71% for UNIT stock, with a simple moving average of -55.32% for the last 200 days.
Is It Worth Investing in Uniti Group Inc. (NASDAQ: UNIT) Right Now?
while the 36-month beta value is 1.40.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Uniti Group Inc. (UNIT) is $7.55, which is $3.38 above the current market price. The public float for UNIT is 230.72M, and currently, short sellers hold a 7.54% ratio of that floaft. The average trading volume of UNIT on March 17, 2023 was 2.88M shares.
UNIT) stock’s latest price update
Uniti Group Inc. (NASDAQ: UNIT)’s stock price has decreased by -7.87 compared to its previous closing price of 3.75. Nevertheless, the company has seen a loss of -19.28% in its stock price over the last five trading days. The Wall Street Journal reported on 10/20/21 that Zayo, Partners Seek to Buy Uniti, Windstream
Analysts’ Opinion of UNIT
In the past week, UNIT stock has gone down by -19.28%, with a monthly decline of -42.22% and a quarterly plunge of -42.80%. The volatility ratio for the week is 9.50%, and the volatility levels for the last 30 days are 5.74% for Uniti Group Inc. The simple moving average for the last 20 days is -30.71% for UNIT stock, with a simple moving average of -55.32% for the last 200 days.
Analysts’ Opinion of UNIT
Many brokerage firms have already submitted their reports for UNIT stocks, with Citigroup repeating the rating for UNIT by listing it as a “Neutral.” The predicted price for UNIT in the upcoming period, according to Citigroup is $10 based on the research report published on November 16th of the previous year 2020.
Wells Fargo, 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 August 12th, 2020.
Barclays gave a rating of “Equal Weight” to UNIT, setting the target price at $10 in the report published on July 15th of the previous year.
UNIT Trading at -39.32% 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 -75.75% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 9.50%, as shares sank -40.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.61% lower at present.
During the last 5 trading sessions, UNIT fell by -17.99%, which changed the moving average for the period of 200-days by -69.05% in comparison to the 20-day moving average, which settled at $4.87. In addition, Uniti Group Inc. saw -37.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UNIT starting from Gunderman Kenny, who purchase 225,000 shares at the price of $4.37 back on Mar 09. After this action, Gunderman Kenny now owns 1,372,596 shares of Uniti Group Inc., valued at $983,250 using the latest closing price.
Stock Fundamentals for UNIT
Current profitability levels for the company are sitting at:
- +51.47 for the present operating margin
- +61.38 for the gross margin
The net margin for Uniti Group Inc. stands at -0.83. Equity return is now at value 0.40, with -0.20 for asset returns.
Conclusion
In a nutshell, Uniti Group Inc. (UNIT) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
