Uniti Group Inc (UNIT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Uniti Group Inc (UNIT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -1.55%, to $4.44. The Uniti Group Inc has recorded 31,793 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Uniti Group Inc. Declares $0.15 Per Share Quarterly Dividend.

Stocks Info

This NASDAQ-listed company operates within the REIT – Specialty industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $4.51 and fluctuated between $4.6500 as its day high and $4.3700 as its day low. The current market capitalization of Uniti Group Inc is $1.08B. A total of 1.67 million shares were traded on the day, compared to an average of 1.97M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, UNIT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 22 SELLs from insiders. Insiders purchased 868,224 shares during that period but sold 108,531.

In the most recent transaction, Gunderman Kenny bought 225,000 shares of UNIT for 4.37 per share on Mar 09. After the transaction, the President and CEO now owns 1,372,596 company shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. UNIT’s most recent ex-dividend date was 9/7/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 9/22/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/15/2023. The UNIT stock dividend was $0.15 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for UNIT in the last 3 months, the mean price target is $6.25 with high estimates of $10.00 and low estimates of $3.00. In terms of 52-week highs and lows, UNIT has a high of $8.04 and a low of $2.94.

As of this writing, UNIT has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.08. The company reported an EPS of -$0.08 in the last quarter, which was -900.00% lower than expectations of $0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. UNIT’s latest balance sheet shows that the firm has $58.90M in Cash & Short Term Investments as of fiscal 2021. There were $5.11B in debt and $1.63B in liabilities at the time. Its Book Value Per Share was -$9.87, while its Total Shareholder’s Equity was -$2.11B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UNIT is Buy with a score of 3.22.