In the past week, UNIT stock has gone up by 9.64%, with a monthly decline of -0.57% and a quarterly surge of 16.74%. The volatility ratio for the week is 6.51%, and the volatility levels for the last 30 days are 4.44% for Uniti Group Inc. The simple moving average for the last 20 days is 0.93% for UNIT’s stock, with a simple moving average of 6.60% for the last 200 days.
Is It Worth Investing in Uniti Group Inc. (NASDAQ: UNIT) Right Now?
Moreover, the 36-month beta value for UNIT is 1.39. Analysts have varying 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 recommended by analysts for Uniti Group Inc. (UNIT) is $6.25, which is $0.37 above the current market price. The public float for UNIT is 231.59M and currently, short sellers hold a 8.18% of that float. On September 18, 2023, UNIT’s average trading volume was 2.53M shares.
UNIT) stock’s latest price update
Uniti Group Inc. (NASDAQ: UNIT) has experienced a decline in its stock price by -4.21 compared to its previous closing price of 5.46. However, the company has seen a gain of 9.64% in its stock price over the last five trading days. Seeking Alpha reported 2023-09-10 that REITs can be very rewarding investments. But they can also lead to large losses if you pick the wrong ones. I highlight 5 mistakes to avoid at all costs.
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 16, 2020 of the previous year 2020.
UNIT Trading at 0.57% 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 -41.50% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 6.51%, as shares surge +0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.19% upper at present.
During the last 5 trading sessions, UNIT rose by +9.64%, which changed the moving average for the period of 200-days by -27.66% in comparison to the 20-day moving average, which settled at $5.18. In addition, Uniti Group Inc. saw -5.42% 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. The total capital return value is set at 17.99, while invested capital returns managed to touch -0.29. Equity return is now at value 4.80, with -2.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 4.71, with the company’s debt to enterprise value settled at 0.81. The receivables turnover for the company is 11.82 and the total asset turnover is 0.23.
Conclusion
To wrap up, the performance of Uniti Group Inc. (UNIT) has been mixed in recent times. The stock has received a mixed of “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.
