At the time of writing, Uniti Group Inc [UNIT] stock is trading at $5.70, down -0.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 11, April 2024, Uniti Group Inc. Releases 2023 Environmental, Social and Governance Report. In a post published today on Yahoo Finance, Uniti Group Inc. (“Uniti” or the “Company”) (Nasdaq: UNIT) announced today the release of its 2023 Environmental, Social and Governance (“ESG”) Report. This report provides an overview of Uniti’s ESG-related policies and commitments, as well as highlights important accomplishments achieved in 2023.
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.
For the past year, the stock price of Uniti Group Inc fluctuated between $2.94 and $6.71. 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 $5.70 at the most recent close of the market. An investor can expect a potential return of 25.09% based on the average UNIT price forecast.
Analyzing the UNIT fundamentals
According to Uniti Group Inc [NASDAQ:UNIT], the company’s sales were 1.15B for trailing twelve months, which represents an -49.66% plunge. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.02 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.22.
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 5.63 points at the first support level, and at 5.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.80, and for the 2nd resistance point, it is at 5.89.
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%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.18.
