Uniti Group Inc (NASDAQ:UNIT) currently has a daily average trading volume of 2.88M but it saw 1605293 shares traded in last market. With a market cap of 1.38B USD, the company’s current market price of $5.64 came falling about -1.05 while comparing to the previous closing price of $5.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.71 and as low as $2.57. In the recent trading on the day, stock has struck highest price mark of $5.61 while lowest mark touched by it was $5.746.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Raymond James which downgraded the stock as “Outperform” in its note to investors issued on May 06, 2024, recommending a price target of between $8 and $6 for it. BofA Securities downgraded its recommendation for the stock as a “Underperform” from “Neutral” on November 07, 2023 while assigning a price target of $3.50. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $6 and $10.
Over the week, UNIT’s stock price is moving -2.08% down while it is 4.06% when we observe its performance for the past one month. Year-to-date it is -2.42% down and over the past year, the stock is showing an upside performance of 31.16%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.34 beaten by the consensus estimate of 0.11 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-31, for which analysts forecasted an EPS of 0.1 while estimate for next year EPS is 0.45. In next quarter, company is expected to be making quarterly sales of $293.74M as analysts are expecting the sales for current fiscal year at $1.17B and seeing the company making $1.2B in sales next year. Moreover, analysts are in estimates of $290.37M for current-quarter revenue.
Currently, Uniti Group Inc’s total number of outstanding shares is 236.56M with 2.47% of that held by the insiders while 86.26% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.22%. It has a price to earnings ratio (P/E ratio) of 246.29 while having a 14.75 of forward P/E ratio. Stock’s beta reads 1.32. Stock has a price to sale or P/S ratio amounts to 1.19. Its return on asset (ROA) is 0.15% on average.
