Is Ubiquiti Inc. (NYSE:UI) A Good Opportunity?


The UI stock price fluctuated between $305.88 and $314.49 throughout the trading session with the volume trading being 36385 shares, which represented a negative variation when compared to the three months average volume of 83412 shares.

The share price of Ubiquiti Inc. (NYSE:UI) dipped -1.32% to close Monday’s market session at $306.92, lower as compared to yesterday’s close which brings the market valuation of the company to $19.28B.

The 52-week high for the Ubiquiti Inc.’s shares is $401.81. That puts it -23.62% from that peak but still a 67.91% gain since the share price dropped to a 52-week low of $150.75, while the S&P 500’s share price change was of 36.19%.

The company currently has a 35.02 P/E ratio and a price target of $253.


What does the trading volume tell us about the UI stock?

During the last trading session, Ubiquiti Inc. (NYSE:UI) has seen growth in its daily volume. The daily volume was of 83412, while in the last 10 days the average was 62.38k and last three months – 83.41k.
The increasing interest in the UI stock from the investors is helping to drive the stock price up.

Growing short interest

The Ubiquiti Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 450.5k shares being shorted which translates into 5.02 of a short ratio for UI, while in the previous month the shorted shares were 622.1k.

Ubiquiti Inc. (NYSE:UI) financials

With a market cap of 19.28B, Ubiquiti Inc. holds a total cash of $263.8M that translates into $4.2 per share, while the total debt is of $612.07M.

The company has seen a decrease in the revenue with a year-over-year quarterly revenue growth percentage of 38.50%. The current revenue is of $1.74B that is $27.45 per share.
This is a good sign for the future.