Uniti Group Inc (NASDAQ:UNIT) does about 2.35M shares in volume on a normal day but saw 12806595 shares change hands in Monday trading. The company now has a market cap of 907.25M USD. Its current market price is $3.80, marking a decrease of -14.41% compared to the previous close of $4.44. The 52 week high reached by this stock is $6.71 whilst the lowest price level in 52 weeks is $3.22.
Uniti Group Inc (UNIT) has a 20-day trading average at $5.47 and the current price is -43.37% off the 52-week high compared with 18.01% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.84 and its 200-day simple moving average is $5.36. If we look at the stock’s price movements over the week, volatility stands at 14.36%, which decreases to 6.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 23.17 to suggest the stock is oversold.
The consensus objective for the share price is $6.00, suggesting that the stock has a potential upside of 36.67% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 06, 2024 when Raymond James downgraded the stock to “Outperform” and issued a price target of between $8 and $6. BofA Securities also downgraded the stock to “Underperform” from Neutral on November 07, 2023 at a price target of $3.50. Citigroup upgraded its price target at $6-$10.
Uniti Group Inc (UNIT) stock is down -33.33% over the week and -32.38% over the past month. Its price is -34.26% year-to-date and 4.40% over the past year.
To reach the target analysts have set, the stock logically needs to grow 36.67 percent from here.
The company has a return on investment of 0.19%. The price to earnings ratio (P/E ratio) amounts to 67.98 while the forward price to earnings ratio is 8.27. The beta has a value of 1.39. Price to sales ratio is 0.75.
