UI Stock Summary and Trading Ideas (Ubiquiti | NYSE:UI)

Ubiquiti Inc is a wireless and wireline network equipment provider for small Internet service providers and small- and midsize-business integrators. Its product is based on two primary categories namely Service Provider Technology and Enterprise Technology. The company generates maximum revenue from Enterprise Technology. Geographically, it derives a majority of revenue from North America and also has a presence in Europe, the Middle East and Africa; Asia Pacific and South America.

Ubiquiti trades on the NYSE stock market under the symbol UI.

As of January 3, 2025, UI stock price climbed to $343.98 with 56,639 million shares trading.

UI has a beta of 1.04, meaning it tends to be more sensitive to market movements. UI has a correlation of 0.11 to the broad based SPY ETF.

UI has a market cap of $20.78 billion. This is considered a Large Cap stock.

Last quarter Ubiquiti reported $550 million in Revenue and $2.14 earnings per share. This beat revenue expectation by $27 million and exceeded earnings estimates by $.51.

In the last 3 years, UI traded as high as $366.34 and as low as $103.00.

The top ETF exchange traded funds that UI belongs to (by Net Assets): VXF, COWG, IYZ, TDIV, VYM.

UI has outperformed the market in the last year with a return of +166.2%, while the SPY ETF gained +27.8%. In the last 3 month period, UI beat the market returning +52.9%, while SPY returned +4.6%. However, in the most recent 2 weeks UI has underperformed the stock market by returning +0.1%, while SPY returned +0.1%.

UI support price is $327.62 and resistance is $346.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UI shares will trade within this expected range on the day.