Stocks of Uniti Group Inc (NASDAQ:UNIT) traded higher last session on Wall Street, down -9.30% to $5.07.
UNIT stock price is now -3.76% away from the 50-day moving average and 6.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target reduced from $8 to $6, Raymond James Downgraded its rating from Strong Buy to Outperform for Uniti Group Inc (NASDAQ: UNIT). On November 07, 2023, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $3.50, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Mudry Ronald J., SVP-CHIEF REVENUE OFFICER sold 28,693 shares of the company’s stock on Aug 06 ’24. The stock was sold for $113,050 at an average price of $3.94. Upon completion of the transaction, the SVP-CHIEF REVENUE OFFICER now directly owns 513,761 shares in the company, valued at $2.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Officer THE MUDRY FAM RLT bought 28,693 shares of the business’s stock. A total of $113,071 was incurred on buying the stock at an average price of $3.94. A total of 4.57% of the company’s stock is owned by insiders.
During the past 12 months, Uniti Group Inc has had a low of $2.57 and a high of $6.71. According to the stock market information, the enterprise value for the company is $7115120640, which is based on a 221.40 price-to-earnings ratio, a 73.80 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for UNIT is $5.2682 and a two-hundred day moving average price translates $4.7495 for the stock.
The latest earnings results from Uniti Group Inc (NASDAQ: UNIT) was released for 2024-06-30. The company reported revenue of $294.95 million for the quarter, compared to $283.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.97 percent.
