In recent trading session, Unity Software Inc (NYSE:U) saw 2.07 million shares changing hands at last check today with its beta currently measuring 2.43. Company’s recent per share price level of $27.10 trading at -$0.47 or -1.70% at last check today assigns it a market valuation of $10.46B. That most recent trading price of U’s stock is at a discount of -84.8% from its 52-week high price of $50.08 and is indicating a premium of 18.08% from its 52-week low price of $22.20. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.25 million shares which gives us an average trading volume of 11.43 million if we extend that period to 3-months.
Unity Software Inc (NYSE:U) trade information
Upright in the red during last session for losing -1.70%, in the last five days U remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $27.10 price level, adding 4.85% to its value on the day. Unity Software Inc’s shares saw a change of -33.72% in year-to-date performance and have moved 3.87% in past 5-day. Unity Software Inc (NYSE:U) showed a performance of -12.64% in past 30-days. Number of shares sold short was 37.81 million shares which calculate 3.29 days to cover the short interests.
Unity Software Inc (U) estimates and forecasts
Statistics highlight that Unity Software Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -14.59% of value to its shares in past 6 months, showing an annual growth rate of 48.78% while that of industry is 20.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 6.00% in the current quarter and calculating 13.70% increase in the next quarter. This year revenue growth is estimated to fall -17.20% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $432.29 million for the same. And 18 analysts are in estimates of company making revenue of $442.45 million in the next quarter that will end on Jun 2024. Company posted $500.36 million and $533.48 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -13.60% while estimating it to be -17.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -34.36% during past 5 years.
U Dividends
Unity Software Inc is more likely to be releasing its next quarterly report between May 08 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Unity Software Inc (NYSE:U)’s Major holders
Insiders are in possession of 10.82% of company’s total shares while institution are holding 71.52 percent of that, with stock having share float percentage of 80.20%. Investors also watch the number of corporate investors in a company very closely, which is 71.52% institutions for Unity Software Inc that are currently holding shares of the company. Silver Lake Group, LLC is the top institutional holder at U for having 34.74 million shares of worth $939.42 million. And as of Dec 30, 2023, it was holding 9.00% of the company’s outstanding shares.
The second largest institutional holder is Sc Us (ttgp), Ltd., which was holding about 27.35 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 7.09% of outstanding shares, having a total worth of $739.71 million.
On the other hand, Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 8.38 million shares of worth $226.57 million or 2.17% of the total outstanding shares. The later fund manager was in possession of 8.33 million shares on Jan 30, 2024, making its stake of worth around $225.25 million in the company or a holder of 2.16% of company’s stock.
