A new trading day began on Friday, with Uniti Group Inc (NASDAQ: UNIT) stock price up 4.14% from the previous day of trading, before settling in for the closing price of $5.07. UNIT’s price has ranged from $2.57 to $6.71 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 2.48%. Meanwhile, its annual earnings per share averaged 218.86%. With a float of $233.00 million, this company’s outstanding shares have now reached $236.56 million.
Considering the fact that the conglomerate employs 813 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 45.91%, operating margin of 34.53%, and the pretax margin is 6.71%.
Uniti Group Inc (UNIT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Specialty Industry. The insider ownership of Uniti Group Inc is 4.57%, while institutional ownership is 82.70%. The most recent insider transaction that took place on Aug 06 ’24, was worth 113,050. In this transaction SVP-CHIEF REVENUE OFFICER of this company sold 28,693 shares at a rate of $3.94, taking the stock ownership to the 513,761 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 28,693 for $3.94, making the entire transaction worth $113,071.
Uniti Group Inc (UNIT) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.13 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 218.86% per share during the next fiscal year.
Uniti Group Inc (NASDAQ: UNIT) Trading Performance Indicators
Here are Uniti Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of N/A. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.42, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.40 in one year’s time.
Technical Analysis of Uniti Group Inc (UNIT)
Compared to the last year’s volume of 2.66 million, its volume of 2.83 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.86%. Additionally, its Average True Range was 0.24.
During the past 100 days, Uniti Group Inc’s (UNIT) raw stochastic average was set at 80.53%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.63% in the past 14 days, which was lower than the 65.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.29, while its 200-day Moving Average is $4.75. Nevertheless, the first resistance level for the watch stands at $5.43 in the near term. At $5.58, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.74. If the price goes on to break the first support level at $5.12, it is likely to go to the next support level at $4.96. Should the price break the second support level, the third support level stands at $4.81.
Uniti Group Inc (NASDAQ: UNIT) Key Stats
With a market capitalization of 1.34 billion, the company has a total of 244,151K Shares Outstanding. Currently, annual sales are 1,150 M while annual income is -81,710 K. The company’s previous quarter sales were 294,950 K while its latest quarter income was 18,280 K.
