Alert: Major Price Decline (8/27/24)-Ubiquiti Inc (NYSE: UI).

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Ubiquiti Inc (NYSE: UI) stock closed at $184.83 on 8/27/24 after a major decline of -10.2%. Moreover, unusually high trading volume at 199% of normal accompanied the decline. The stock has risen 3.2% during the last week and has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

UI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be an important Value Eraser.

Ubiquiti is currently unrated.

Rating Review

The stock is currently unrated.

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