Unity Software Inc. (U) Price Target: Is It Set To Rise Or Fall In Price?

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PTGX
PTGX

Unity Software Inc. (NYSE:U) finished Thursday with a subtraction of -$1.58 to close at $33.32, a downside of -4.53 percent. An average of 7,530,480 shares of common stock have been traded in the last five days. There was a fall of -$4.72 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 8,492,510 shares traded, while the 50-day average volume stands at 9,779,946.

U stock has decreased by -25.82% in the last month. The company shares reached their 1-month lowest point of $33.19 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $29.09 and a high of $210.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -76.70% or -$109.67 in price. In spite of this, the price is down -84.13% from the 52-week high.


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Insider Transactions

8 days have passed since Unity Software Inc. (U) last reported insider trading activity. Carpenter Carol W., who is SVP & Chief Marketing Officer, most recently acquired $797 shares at $36.67 per share on Sep 15. In this transaction, the insider spent $29,226. SVP & GM, Create Solutions, Whitten Marc, disposed of 6,546 shares at a price of $45.93 on Aug 26. The insider now owns more than $300,658 worth of shares. Prior to that, SVP and CFO Visoso Luis Felipe went on to Sale 9,894 shares at $45.94 each on Aug 26. An amount of $454,530 was transacted.

Valuation Metrics

Unity Software Inc. (U) has a trailing price-to-sales (P/S) ratio at 8.79, the price-to-book (PB) ratio at 4.33, and the price-to-cash flow ratio at 1217.69.

Financial Health

The quick ratio of Unity Software Inc. for the three months ended March 30 was 3.40, and the current ratio was 3.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.75 and a total debt to equity ratio of 0.75 for the quarter ending March 30. Its gross profit as reported stood at $856.9 million compared to revenue of $1.11 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Unity Software Inc.’s return on assets was -15.20%.

Earnings Surprise

For the three-month period that ended March 30, Unity Software Inc. had $591.48 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$204.16 million in the quarter, while revenues of -$177.56 million were grew 27.34%. The analyst consensus anticipated Unity Software Inc.’s latest quarter earnings to come in at -$0.08 per share, but it turned out to be -$0.08, a 0.00% surprise. For the quarter, EBITDA amounted to -$155.03 million. Shareholders own equity worth $298.16 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Unity Software Inc. (U) price momentum. RSI 9-day as of the close on 22 September was 29.16%, suggesting the stock is oversold, with historical volatility in this time frame at 85.21%.

As of today, U’s price is $35.16 -12.41% or -$4.72 from its 5-day moving average. U is currently trading -27.19% lower than its 20-day SMA and -49.83% lower than its 100-day SMA. However, the stock’s current price level is +1.52% above the SMA50 and -77.42% below the SMA200.

The stochastic %K and %D were 2.84% and 5.51%, respectively, and the average true range (ATR) was 2.69. With the 14-day stochastic at 1.36% and the average true range at 2.93, the RSI (14) stands at 34.30%. The stock has reached -2.26 on the 9-day MACD Oscillator while the 14-day reading was at -3.33.

Analyst Ratings

Wolfe Research launched coverage on Unity Software Inc. (NYSE: U) in its analyst report released on August 17, 2022. The firm assigned the stock an Outperform rating.

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