U has 36-month beta value of 2.42. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for U is 260.46M, and currently, short sellers hold a 10.96% ratio of that float. The average trading volume of U on April 29, 2024 was 8.99M shares.
U) stock’s latest price update
Unity Software Inc (NYSE: U)’s stock price has plunge by 3.47relation to previous closing price of 23.32. Nevertheless, the company has seen a 5.42% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-26 that One prediction says that from 2024 to 2030, the metaverse market will grow at a compounded annual growth rate (CAGR) of 38%, leading to an eventual $507.8 billion valuation, putting it on the radar for every savvy investor. However, does the growth figure mean you should buy metaverse stocks on the dip?
U’s Market Performance
Unity Software Inc (U) has experienced a 5.42% rise in stock performance for the past week, with a -10.60% drop in the past month, and a -27.12% drop in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are at 3.45% for U. The simple moving average for the last 20 days is -3.07% for U stock, with a simple moving average of -25.82% for the last 200 days.
Analysts’ Opinion of U
Many brokerage firms have already submitted their reports for U stocks, with Piper Sandler repeating the rating for U by listing it as a “Neutral.” The predicted price for U in the upcoming period, according to Piper Sandler is $30 based on the research report published on February 27, 2024 of the current year 2024.
Piper Sandler gave a rating of “Underweight” to U, setting the target price at $35 in the report published on January 02nd of the current year.
U Trading at -11.27% from the 50-Day Moving Average
After a stumble in the market that brought U to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.82% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -9.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.88% lower at present.
During the last 5 trading sessions, U rose by +5.42%, which changed the moving average for the period of 200-days by -44.77% in comparison to the 20-day moving average, which settled at $24.76. In addition, Unity Software Inc saw -40.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at U starting from Carpenter Carol W., who sale 2,000 shares at the price of $26.58 back on Apr 01 ’24. After this action, Carpenter Carol W. now owns 444,617 shares of Unity Software Inc, valued at $53,160 using the latest closing price.
Gupta Anirma, the SVP, Chief Legal Officer of Unity Software Inc, sale 927 shares at $26.93 during a trade that took place back on Mar 25 ’24, which means that Gupta Anirma is holding 387,743 shares at $24,964 based on the most recent closing price.
Stock Fundamentals for U
Current profitability levels for the company are sitting at:
- -0.37 for the present operating margin
- 0.66 for the gross margin
The net margin for Unity Software Inc stands at -0.38. The total capital return value is set at -0.13. Equity return is now at value -24.50, with -10.90 for asset returns.
Based on Unity Software Inc (U), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is -32.6.
Currently, EBITDA for the company is -200.87 million with net debt to EBITDA at -6.03. When we switch over and look at the enterprise to sales, we see a ratio of 4.74. The receivables turnover for the company is 3.58for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
To put it simply, Unity Software Inc (U) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
