Unity Software Inc. (U) Reached A New High 1 time During The Past Five Days

As of Friday close, Unity Software Inc.’s (NYSE:U) stock was up $4.01, moving up 11.43 percent to $39.10. The average number of shares traded per day over the past five days has been 24,354,061 shares. 1 time new highs have been achieved over the past 5 days, with a -$18.24 fall in that time frame. In the last twenty days, the average volume was 9,221,200, while in the previous 50 days, it was 5,808,914.

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Since last month, U stock retreated -58.42%. Shares of the company fell to $29.09 on 05/12/22, the lowest level in the past month. A 52-week high of $210.00 was reached on 01/03/22 after having rallying from a 52-week low of $29.09. Since the beginning of this year, U’s stock price has dropped by -72.66% or -$103.89, and marked a new high 1 time. However, the stock has declined by -81.38% since its 52-week high.

Unity Software Inc. (U) last reported insider trading activity 12 days ago on May 02. Whitten Marc, the SVP & GM, Create Solutions of the company, disposed of 3,433 shares for $65.54 on May 02. It resulted in a $225,008 divestment by the insider. Whitten Marc sold 2,283 shares at an average price of $98.59 on Apr 01. The insider now owns 219,897 shares following the transaction. On Mar 02, Director Helgason David sold 83,333 shares at $101.31 apiece. The transaction was valued at $8,442,446.

Financial Health

In the three months ended September 29, Unity Software Inc.’s quick ratio stood at 3.40, while its current ratio was 3.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.71, and the total debt-to-equity ratio was 0.71. On the profitability front, the trailing twelve-month gross margin is 77.20% percent. In the year ended September 29, operating margins totaled -47.90%. Based on annual data, U earned $856.9 million in gross profit and brought in $1.11 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -13.00%. Return on equity (ROE) for the past 12 months was -25.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. U’s revenue rose 26.66% to $315.86 million during the quarter, while net income inched up to $320.13 million. While analysts expected Unity Software Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.06 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$129.69 million in EBITDA. The liabilities of Unity Software Inc. were 2.58 billion at the end of its most recent quarter ended September 29, and its total debt was $122.37 million. The value of shareholders’ equity is $296.01 million.

Technical Picture

This quick technical analysis looks at Unity Software Inc.’s (U) price momentum. With a historical volatility rate of 259.84%, the RSI 9-day stood at 26.71% on 13 May.

With respect to its five-day moving average, the current Unity Software Inc. price is down by -31.81% percent or -$18.24. At present, U shares trade -56.13% below its 20-day simple moving average and -71.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -58.81% below its SMA50 and -64.85% below its SMA200.

Stochastic coefficient K was 11.27% and Stochastic coefficient D was 7.50%, while ATR was 7.91. Given the Stochastic reading of 20.04% for the 14-day period, the RSI (14) reading has been calculated as 27.90%. As of today, the MACD Oscillator reading stands at -16.24, while the 14-day reading stands at -22.85.

Analyst Ratings

Unity Software Inc. downgraded its rating on Unity Software Inc. (NYSE: U) to a Neutral in a note to investors on May 11, 2022. The analysts firm previously had an Outperform rating on the stock.


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