Unity Software Inc (NYSE: U)’s stock price has gone rise by 1.12 in comparison to its previous close of 22.26, however, the company has experienced a -7.90% decrease in its stock price over the last five trading days. zacks.com reported 2024-12-20 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.
Is It Worth Investing in Unity Software Inc (NYSE: U) Right Now?
The 36-month beta value for U is at 2.33. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for U is 299.36M, and currently, shorts hold a 8.09% of that float. The average trading volume for U on December 23, 2024 was 11.68M shares.
U’s Market Performance
The stock of Unity Software Inc (U) has seen a -7.90% decrease in the past week, with a 4.07% rise in the past month, and a 5.33% gain in the past quarter. The volatility ratio for the week is 7.06%, and the volatility levels for the past 30 days are at 6.40% for U. The simple moving average for the past 20 days is -9.36% for U’s stock, with a 8.77% 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 0.80% 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 -48.30% of loss for the given period.
Volatility was left at 6.40%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares surge +0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.81% upper at present.
During the last 5 trading sessions, U fell by -7.90%, which changed the moving average for the period of 200-days by -17.67% in comparison to the 20-day moving average, which settled at $24.83. In addition, Unity Software Inc saw -44.95% 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 Barrysmith Mark, who sale 1,228 shares at the price of $24.44 back on Dec 16 ’24. After this action, Barrysmith Mark now owns 453,638 shares of Unity Software Inc, valued at $30,012 using the latest closing price.
Barrysmith Mark, the Officer of Unity Software Inc, proposed sale 1,228 shares at $24.44 during a trade that took place back on Dec 16 ’24, which means that Barrysmith Mark is holding shares at $30,012 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 5.04. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
