The price-to-earnings ratio for Uniti Group Inc (NASDAQ: UNIT) is above average at 64.40x, Company’s 36-month beta value is 1.29.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 226.77M, and currently, short sellers hold a 7.26% ratio of that floaft. The average trading volume of UNIT on July 30, 2024 was 3.54M shares.
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UNIT) stock’s latest price update
Uniti Group Inc (NASDAQ: UNIT)’s stock price has increased by 1.98 compared to its previous closing price of 3.53. However, the company has seen a -0.55% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-30 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Uniti (UNIT), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended June 2024.
UNIT’s Market Performance
Uniti Group Inc (UNIT) has seen a -0.55% fall in stock performance for the week, with a 23.29% gain in the past month and a -36.84% plunge in the past quarter. The volatility ratio for the week is 4.41%, and the volatility levels for the past 30 days are at 5.46% for UNIT. The simple moving average for the last 20 days is 6.45% for UNIT stock, with a simple moving average of -25.61% for the last 200 days.
Analysts’ Opinion of UNIT
Many brokerage firms have already submitted their reports for UNIT stocks, with Raymond James repeating the rating for UNIT by listing it as a “Outperform.” The predicted price for UNIT in the upcoming period, according to Raymond James is $6 based on the research report published on May 06, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see UNIT reach a price target of $3.50. The rating they have provided for UNIT stocks is “Underperform” according to the report published on November 07th, 2023.
Citigroup gave a rating of “Neutral” to UNIT, setting the target price at $10 in the report published on November 16th of the previous year.
UNIT Trading at 12.02% 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 -46.35% of loss for the given period.
Volatility was left at 5.46%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares surge +31.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.41% lower at present.
During the last 5 trading sessions, UNIT fell by -0.14%, which changed the moving average for the period of 200-days by -25.00% in comparison to the 20-day moving average, which settled at $3.43. In addition, Uniti Group Inc saw -37.72% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for UNIT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.55 for the gross margin
The net margin for Uniti Group Inc stands at 0.01. The total capital return value is set at 0.05.
Based on Uniti Group Inc (UNIT), the company’s capital structure generated 1.78 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 -2.28. The interest coverage ratio of the stock is 0.33.
Currently, EBITDA for the company is 888.91 million with net debt to EBITDA at 6.12. When we switch over and look at the enterprise to sales, we see a ratio of 5.52. The receivables turnover for the company is 8.37for trailing twelve months and the total asset turnover is 0.24.
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.
