Uniti Group Inc (NASDAQ: UNIT) has seen a rise in its stock price by 8.05 in relation to its previous close of 4.35. However, the company has experienced a 6.82% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-08-29 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Is It Worth Investing in Uniti Group Inc (NASDAQ: UNIT) Right Now?
The price-to-earnings ratio for Uniti Group Inc (NASDAQ: UNIT) is above average at 205.24x, 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.”
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The public float for UNIT is 232.68M, and currently, short sellers hold a 7.16% ratio of that floaft. The average trading volume of UNIT on September 05, 2024 was 3.00M shares.
UNIT’s Market Performance
UNIT’s stock has seen a 6.82% increase for the week, with a 27.72% rise in the past month and a 55.63% gain in the past quarter. The volatility ratio for the week is 4.75%, and the volatility levels for the past 30 days are at 5.86% for Uniti Group Inc The simple moving average for the past 20 days is 10.24% for UNIT’s stock, with a -1.79% simple moving average for the past 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 26.38% 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 -29.96% of loss for the given period.
Volatility was left at 5.86%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares surge +13.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +77.36% upper at present.
During the last 5 trading sessions, UNIT rose by +6.82%, which changed the moving average for the period of 200-days by -11.82% in comparison to the 20-day moving average, which settled at $4.29. In addition, Uniti Group Inc saw -18.69% 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 Mudry Ronald J., who sale 28,693 shares at the price of $3.94 back on Aug 06 ’24. After this action, Mudry Ronald J. now owns 513,761 shares of Uniti Group Inc, valued at $113,050 using the latest closing price.
THE MUDRY FAM RLT, the Officer of Uniti Group Inc, proposed sale 28,693 shares at $3.94 during a trade that took place back on Aug 06 ’24, which means that THE MUDRY FAM RLT is holding shares at $113,071 based on the most recent closing price.
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 1.76 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 -2.32. 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 6.16. When we switch over and look at the enterprise to sales, we see a ratio of 5.74. The receivables turnover for the company is 7.74for trailing twelve months and the total asset turnover is 0.24.
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.
