Currently, Uniti Group Inc. [UNIT] is trading at $5.23, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UNIT shares have gain 7.17% over the last week, with a monthly amount glided 0.97%, and seem to be holding up well over a long-time horizon.
On 13, September 2023, Uniti Group Inc. to Participate at the RBC Capital Markets 2023 Global Communications Infrastructure Conference. In a post published today on Yahoo Finance, Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Chief Revenue Officer, Ron Mudry, will participate in a panel discussion at the RBC Capital Markets 2023 Global Communications Infrastructure Conference. The panel is scheduled for 9:10 AM CST / 10:10 AM EST on September 27, 2023 in Chicago, IL.
From an analyst’s perspective:
Uniti Group Inc. [NASDAQ: UNIT] stock has seen the most recent analyst activity on November 16, 2020, when Citigroup upgraded its rating to a Neutral and also boosted its price target to $10 from $6.
This stock has fluctuated between a low of $2.94 and a high of $8.66 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $6.25 within the next 12 months. Uniti Group Inc. [NASDAQ: UNIT] shares were valued at $5.23 at the most recent close of the market. An investor can expect a potential return of 19.5% based on the average UNIT price forecast.
Analyzing the UNIT fundamentals
Recent quarter sales for Uniti Group Inc. [NASDAQ:UNIT] were 283.7 billion which represents -0.10% decline. In the same period, the company’s revenue per employee was $1,439,856, whereas its income per employee was -$12,003. Gross Margin for this corporation currently stands at +61.38% with Operating Margin at +51.47%, Pretax Margin comes in at -2.47%, and Net Margin reading is -0.83%. An extended look at the Principal structure reveals enduring liabilities to the total capital of 170.38 and enduring liabilities to assets of 113.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.09 points at the first support level, and at 4.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.45, and for the 2nd resistance point, it is at 5.68.
Uniti Group Inc. [UNIT] reported earnings per share of $0.11 for its fiscal quarter that ended on 6/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2023 were -$0.08 per share as compared to estimates of $0.01 per share, a difference of -$0.09 representing a surprise of -900.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Uniti Group Inc. [NASDAQ:UNIT] is 0.10. Considering the valuation of this stock, the price to sales ratio is 1.15.
Transactions by insiders
Recent insider trading involved Gunderman Kenny, President and CEO, that happened on Mar 09 when 0.23 million shares were purchased.