Unity Software Inc (NYSE:U) saw a downside of -0.79% to close Monday at $31.36 after subtracting -$0.25 on the day. The 5-day average trading volume is 9,823,840 shares of the company’s common stock. It has gained $34.48 in the past week and touched a new high 1 time within the past 5 days. An average of 11,130,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,310,072.
U’s 1-month performance is -7.36% or -$3.36 on its low of $30.81 reached on 09/25/23. The company’s shares have touched a 52-week low of $21.22 and high of $50.08, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, U has achieved 9.69% or $2.77 and has reached a new high 17 times. However, the current price is down -37.38% from the 52-week high price.
Insider Transactions
U stock investors last saw insider trading activity on Sep 15.Silver Lake Group, L.L.C. (Director) most recently sold 188,007 shares at $36.76 per share on Sep 15. This transaction cost the insider $6,911,966. Director, Sisco Robynne, sold 25,768 shares at a price of $40.00 on Sep 06. Then, on Sep 06, Director Helgason David sold 12,500 shares at a price of $40.00 per share. This transaction amounted to $500,004.
Valuation Metrics
U stock has a beta of 2.42. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.65 while the price-to-book (PB) in the most recent quarter is 3.49.
Unity Software Inc’s quick ratio for the recent period was 2.45, with the current ratio over the same period at 2.45. In terms of profitability, the gross margin trailing 12 months is 68.34%. The trailing 12-month EBITDA margin is -45.80%. The firm’s gross profit as reported stood at $948.52 million against revenue of $1.39 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -6.24% to -$192.16 million, while revenue of -$253.03 million was -31.68% off the previous quarter. EBITDA for the quarter stood at more than -$80.37 million. U stock balance sheet for the recent quarter shows that total liabilities totaled 4.23 billion, with total debt at $2.87 billion. Shareholders hold equity totaling $383.46 million.
Let’s look briefly at Unity Software Inc (U) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 26.05% to suggest the stock is trending oversold, with historical volatility in this time period at 46.26%.
The stock’s 5-day moving average is $32.40, reflecting a -6.25% or -$2.09 change from its current price. U is currently trading -9.68% above its 20-day SMA, +23.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -29.27% and SMA200 by-8.62%.
Stochastic %K and %D was 2.73% and 6.08% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 31.54%, while the 14-day stochastic is at 5.95% with the period’s ATR at 1.78. The stock’s 9-day MACD Oscillator is pointing at -2.24 and -3.88 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Unity Software Inc (NYSE: U), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for U stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate U as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.
What is U’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $56.00, with their median price target at $48.50. Looking at these predictions, the average price target given by analysts is for Unity Software Inc (U) stock is $45.93.
