Is This Stock a Screaming Buy: Unifi Inc. (NYSE:UFI)

Equity Research firms currently have a positive stance on shares of Unifi Inc. (NYSE:UFI). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $48.00 on a short term basis.

At the time of writing, the stock was trading at $29.40. This represents a change from the opening price of -0.54%. In terms of performance, year to date, the stock is 4.80%. The monthly stock performance comes in at 7.47%. For the quarter, shares are performing at 8.74%. Weekly performance analysis shows the equity at 2.18%.

In taking a look at technical levels, shares are trading 8.27% away from the 50 day simple moving average and 14.94% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -10.88% away from it’s 52- week high and 41.96% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Unifi Inc.’s RSI stands at 62.85. In looking at volatility levels, the shares saw weekly volatility of 2.22% and 2.37% over the past month.

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