Unity Software Inc (NYSE: U) has seen a decline in its stock price by -7.70 in relation to its previous close of 22.21. However, the company has experienced a -1.58% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-07 that Unity Software Inc. (U) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.39. This compares to earnings of $0.18 per share a year ago.
Is It Worth Investing in Unity Software Inc (NYSE: U) Right Now?
Additionally, the 36-month beta value for U is 2.30. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 6 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
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The public float for U is 286.71M and currently, short sellers hold a 8.95% ratio of that float. The average trading volume of U on November 11, 2024 was 12.16M shares.
U’s Market Performance
U stock saw a decrease of -1.58% in the past week, with a monthly decline of -1.82% and a quarterly a decrease of 34.78%. The volatility ratio for the week is 6.86%, and the volatility levels for the last 30 days are 5.17% for Unity Software Inc (U). The simple moving average for the past 20 days is -2.77% for U’s stock, with a -6.46% simple moving average for the past 200 days.
Analysts’ Opinion of U
Many brokerage firms have already submitted their reports for U stocks, with Wells Fargo repeating the rating for U by listing it as a “Equal Weight.” The predicted price for U in the upcoming period, according to Wells Fargo is $20 based on the research report published on October 29, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see U reach a price target of $25, previously predicting the price at $20. The rating they have provided for U stocks is “Buy” according to the report published on September 13th, 2024.
Morgan Stanley gave a rating of “Overweight” to U, setting the target price at $22 in the report published on September 03rd of the current year.
U Trading at 0.39% 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 -52.92% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 6.86%, as shares sank -5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.98% upper at present.
During the last 5 trading sessions, U fell by -1.58%, which changed the moving average for the period of 200-days by -37.65% in comparison to the 20-day moving average, which settled at $21.08. In addition, Unity Software Inc saw -49.87% 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 Lee Michelle K., who sale 800 shares at the price of $20.58 back on Sep 18 ’24. After this action, Lee Michelle K. now owns 7,215 shares of Unity Software Inc, valued at $16,464 using the latest closing price.
Lee Michelle K., the Director of Unity Software Inc, proposed sale 800 shares at $20.58 during a trade that took place back on Sep 18 ’24, which means that Lee Michelle K. is holding shares at $16,464 based on the most recent closing price.
Stock Fundamentals for U
Current profitability levels for the company are sitting at:
- -0.31 for the present operating margin
- 0.68 for the gross margin
The net margin for Unity Software Inc stands at -0.4. The total capital return value is set at -0.1. Equity return is now at value -24.72, with -11.22 for asset returns.
Based on Unity Software Inc (U), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.7. The interest coverage ratio of the stock is -50.16.
Currently, EBITDA for the company is -200.87 million with net debt to EBITDA at -4.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.56. The receivables turnover for the company is 3.41for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In conclusion, Unity Software Inc (U) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
