Uniti Group Inc (UNIT) Stock: A SWOT Analysis

Company’s 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”

The public float for UNIT is 230.88M, and currently, short sellers hold a 8.57% ratio of that floaft. The average trading volume of UNIT on April 03, 2024 was 1.78M shares.

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UNIT) stock’s latest price update

Uniti Group Inc (NASDAQ: UNIT)’s stock price has dropped by -1.35 in relation to previous closing price of 5.92. Nevertheless, the company has seen a loss of -3.31% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-13 that Uniti Group owns valuable fiber assets but struggles with high leverage and debt servicing costs. Two pathways for UNIT stock to overcome its debt burden: lease-up of existing fiber capacity and sale of assets or the company. The demand for fiber is increasing due to 5G and AI, creating opportunities for the Company to generate more cash flow and potentially improve its financial situation.

UNIT’s Market Performance

UNIT’s stock has fallen by -3.31% in the past week, with a monthly drop of -8.89% and a quarterly rise of 1.04%. The volatility ratio for the week is 2.94% while the volatility levels for the last 30 days are 3.41% for Uniti Group Inc. The simple moving average for the past 20 days is -6.31% for UNIT’s stock, with a 11.20% simple moving average for the past 200 days.

Analysts’ Opinion of UNIT

Many brokerage firms have already submitted their reports for UNIT stocks, with BofA Securities repeating the rating for UNIT by listing it as a “Underperform.” The predicted price for UNIT in the upcoming period, according to BofA Securities is $3.50 based on the research report published on November 07, 2023 of the previous year 2023.

Citigroup, on the other hand, stated in their research note that they expect to see UNIT reach a price target of $10, previously predicting the price at $6. The rating they have provided for UNIT stocks is “Neutral” according to the report published on November 16th, 2020.

Wells Fargo gave a rating of “Equal Weight” to UNIT, setting the target price at $10 in the report published on August 12th of the previous year.

UNIT Trading at 2.10% 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 -12.97% of loss for the given period.

Volatility was left at 3.41%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -10.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.16% upper at present.

During the last 5 trading sessions, UNIT fell by -3.31%, which changed the moving average for the period of 200-days by +30.07% in comparison to the 20-day moving average, which settled at $6.20. In addition, Uniti Group Inc saw 1.04% 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:

  • 0.07 for the present operating margin
  • 0.52 for the gross margin

The net margin for Uniti Group Inc stands at -0.04. The total capital return value is set at 0.02.

Based on Uniti Group Inc (UNIT), the company’s capital structure generated 1.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at -2.22. The interest coverage ratio of the stock is 0.16.

Currently, EBITDA for the company is 888.91 million with net debt to EBITDA at 6.51. When we switch over and look at the enterprise to sales, we see a ratio of 6.19. The receivables turnover for the company is 8.37for trailing twelve months and the total asset turnover is 0.23.

Conclusion

In a nutshell, Uniti Group Inc (UNIT) has experienced a mixed 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.

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