U has 36-month beta value of 2.26. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for U is 286.71M, and currently, short sellers hold a 8.51% ratio of that float. The average trading volume of U on November 18, 2024 was 11.79M shares.
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U) stock’s latest price update
The stock of Unity Software Inc (NYSE: U) has decreased by -7.96 when compared to last closing price of 18.84.Despite this, the company has seen a loss of -15.41% in its stock price over the last five trading days. zacks.com reported 2024-11-14 that Recently, Zacks.com users have been paying close attention to Unity Software (U). This makes it worthwhile to examine what the stock has in store.
U’s Market Performance
Unity Software Inc (U) has seen a -15.41% fall in stock performance for the week, with a -18.48% decline in the past month and a 3.71% surge in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 5.17% for U. The simple moving average for the past 20 days is -14.87% for U’s stock, with a -19.58% 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 -16.13% 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 -60.17% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares sank -21.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.33% upper at present.
During the last 5 trading sessions, U fell by -15.41%, which changed the moving average for the period of 200-days by -45.76% in comparison to the 20-day moving average, which settled at $20.37. In addition, Unity Software Inc saw -57.59% 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 Tomer Bar-Zeev, who proposed sale 250,000 shares at the price of $19.13 back on Nov 15 ’24. After this action, Tomer Bar-Zeev now owns shares of Unity Software Inc, valued at $4,782,500 using the latest closing price.
SEQUOIA GROVE II, LLC, the Director of Unity Software Inc, proposed sale 10,076 shares at $19.26 during a trade that took place back on Nov 12 ’24, which means that SEQUOIA GROVE II, LLC is holding shares at $194,052 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 -25.61.
Currently, EBITDA for the company is -209.35 million with net debt to EBITDA at -3.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. 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
To put it simply, Unity Software Inc (U) has had a bad performance in recent times. Analysts have a bullish 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.
