Uniti Group Inc (UNIT) stock poised to deliver a potential return of 8.85%

Uniti Group Inc [UNIT] stock prices are up 2.18% to $6.55 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UNIT shares have gain 17.59% over the last week, with a monthly amount glided 21.75%, and seem to be holding up well over a long-time horizon.

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On 29, February 2024, Uniti Group Inc. Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Recently Announced ABS Bridge Financing & Asset Sales Further Strengthen Balance Sheet.

From an analyst’s perspective:

Uniti Group Inc [NASDAQ: UNIT] stock has seen the most recent analyst activity on November 07, 2023, when BofA Securities downgraded its rating to a Underperform but kept the price target unchanged to $3.50 for it. Previously, Citigroup upgraded its rating to Neutral on November 16, 2020, and elevated its price target to $10. On August 12, 2020, upgrade upgraded it’s rating to Equal Weight but maintained its price target of $10 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $10 on July 15, 2020. Raymond James upgraded its rating to a Strong Buy but $13 remained the price target by the analyst firm on May 12, 2020. Raymond James upgraded its rating to Outperform for this stock on March 03, 2020. In a note dated March 02, 2020, Cowen upgraded an Outperform rating on this stock but restated the target price of $13.

The stock price of Uniti Group Inc [UNIT] has been fluctuating between $2.94 and $6.42 over the past year. Currently, Wall Street analysts expect the stock to reach $7.13 within the next 12 months. Uniti Group Inc [NASDAQ: UNIT] shares were valued at $6.55 at the most recent close of the market. An investor can expect a potential return of 8.85% based on the average UNIT price forecast.

Analyzing the UNIT fundamentals

The Uniti Group Inc [NASDAQ:UNIT] reported sales of 1.15B for trailing twelve months, representing a drop of -49.66%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is 0.03 and Total Capital is -0.04.

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 6.39 points at the first support level, and at 6.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.64, and for the 2nd resistance point, it is at 6.74.

Uniti Group Inc [UNIT] reported earnings per share of $0.13 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.03 and a surprise factor of 30.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.34 per share as compared to estimates of $0.11 per share, a difference of -$0.45 representing a surprise of -409.10%.