Is Inspire Small/Mid Cap ETF (ISMD) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: NASDAQ.COM
Overview of Inspire Small/Mid Cap ETF (ISMD): Launched in 2017, ISMD is a smart beta ETF that aims to match the performance of the Inspire Small/Mid Cap Impact Equal Weight Index, focusing on 500 inspiring small and mid-cap U.S. companies, with an expense ratio of 0.59% and a current dividend yield of 1.28%.
Performance and Comparison: The ETF has shown a 7.93% increase recently and a 25.50% rise over the past year, while also being compared to other ETFs like iShares ESG Aware MSCI USA ETF and JPMorgan Nasdaq Equity Premium Income ETF, which offer lower expense ratios and potentially lower risk options for investors.
Analyst Views on UNIT
Wall Street analysts forecast UNIT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for UNIT is 6.88 USD with a low forecast of 6.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
1 Buy
2 Hold
1 Sell
Hold
Current: 7.690
Low
6.00
Averages
6.88
High
8.00
Current: 7.690
Low
6.00
Averages
6.88
High
8.00
About UNIT
Uniti Group Inc. is a premier insurgent fiber provider dedicated to enabling mission-critical connectivity across the United States. It offers advanced communications services, including fiber-based broadband to residential and business customers, managed cloud communications and security services for enterprises and government entities and tailored wave and transport solutions for carriers, content providers and large cloud computing and storage service providers. Its segments include Kinetic, Uniti Solutions, and Fiber Infrastructure. Kinetic segment offers local and long-distance voice services and Web conferencing products. Uniti Solutions segment includes software solutions and network connectivity. Fiber Infrastructure segment offers network bandwidth to other telecommunications carriers, network operators, content providers and storage service providers. Its portfolio of services is offered through a suite of brands: Uniti Wholesale, Kinetic, Uniti Fiber, and Uniti Solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
