The stock of Unity Software Inc (U) has seen a 2.53% increase in the past week, with a -2.29% drop in the past month, and a -24.67% decrease in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are at 3.42% for U. The simple moving average for the last 20 days is 1.12% for U’s stock, with a simple moving average of -22.68% for the last 200 days.
Is It Worth Investing in Unity Software Inc (NYSE: U) Right Now?
The stock has a 36-month beta value of 2.40. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for U is 259.92M, and at present, short sellers hold a 10.98% of that float. On May 06, 2024, the average trading volume of U was 8.89M shares.
U) stock’s latest price update
Unity Software Inc (NYSE: U) has experienced a rise in its stock price by 2.40 compared to its previous closing price of 24.16. However, the company has seen a gain of 2.53% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that Unity Software (U) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
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 -5.95% 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 -50.60% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.25% lower at present.
During the last 5 trading sessions, U rose by +2.53%, which changed the moving average for the period of 200-days by -48.99% in comparison to the 20-day moving average, which settled at $24.43. In addition, Unity Software Inc saw -39.50% 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 $24.18 back on May 01 ’24. After this action, Carpenter Carol W. now owns 442,617 shares of Unity Software Inc, valued at $48,360 using the latest closing price.
Gupta Anirma, the SVP, Chief Legal Officer of Unity Software Inc, sale 1,037 shares at $24.42 during a trade that took place back on Apr 29 ’24, which means that Gupta Anirma is holding 386,706 shares at $25,324 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 4.85. 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 sum up, Unity Software Inc (U) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
