Uniti Group Climbs 10.64% Next Stop 8.62
$Uniti Group Inc(UNIT)$
Uniti Group Inc (UNIT) Soared +10.64%: High-Volume Breakout Tests Key $8.32 Resistance
Latest Close Data
Closed at $8.32 on Feb 1, 2026, up +10.64% on the day. The stock is now ~18.7% below its 52-week high of $10.23.
Core Market Drivers
A powerful surge was driven by significant buying volume, nearly 5x the average (Volume Ratio: 4.96).
The recent short interest data shows elevated levels (~33% short volume ratio on Jan 30), suggesting potential short covering contributed to the upward momentum. No major company-specific news was reported, indicating this may be a technically-driven move.
Technical Analysis
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Volume exploded to 7.77M shares, confirming strong institutional interest.
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The MACD (0.025) has turned positive, signaling a potential bullish crossover.
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The RSI-6 at 81.1 indicates the stock is in overbought territory on a short-term basis, suggesting a possible near-term pullback or consolidation.
Key Price Levels
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Immediate Pivot/Resistance: $8.32 (today's close and recent resistance). A sustained break above could target $8.62 (today's high).
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Strong Resistance: $8.62 (today's intraday high).
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Primary Support: $7.59 (today's low). A break below may test $7.13.
Valuation Perspective
The stock trades at a remarkably low P/E (TTM) of 1.17 and a P/S (TTM) of 1.23.
While the Forward P/E is negative due to expected earnings volatility, the current multiples are deeply discounted compared to industry averages, highlighting significant value if the operational outlook stabilizes.
Analyst Targets
7 analysts have an average price target of $7.97 (slightly below current price), with a high of $11.00. Sentiment is mixed: 1 Strong Buy, 1 Buy, 5 Hold, 1 Underperform.
Weekly Outlook
Expect volatility and potential consolidation near the $8.32 resistance after today's sharp move.
The overbought RSI suggests a pullback towards $7.80-$8.00 could provide a healthier entry. A confirmed breakout above $8.62 could open the path to $9.00+. A break below $7.59 may signal a retreat to the $7.13 support zone.
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