During the last session, Unity Software Inc (NYSE:U)’s traded shares were 6.18 million, with the beta value of the company hitting 2.41. At the end of the trading day, the stock’s price was $25.32, reflecting an intraday loss of -1.71% or -$0.44. The 52-week high for the U share is $50.08, that puts it down -97.79 from that peak though still a striking 12.32% gain since the share price plummeted to a 52-week low of $22.20. The company’s market capitalization is $9.77B, and the average intraday trading volume over the past 10 days was 7.24 million shares, and the average trade volume was 10.83 million shares over the past three months.
Unity Software Inc (NYSE:U) trade information
Unity Software Inc (U) registered a -1.71% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.71% in intraday trading to $25.32, hitting a weekly high. The stock’s 5-day price performance is -6.19%, and it has moved by -5.84% in 30 days. Based on these gigs, the overall price performance for the year is -21.29%. The short interest in Unity Software Inc (NYSE:U) is 32.84 million shares and it means that shorts have 2.59 day(s) to cover.
Unity Software Inc (U) estimates and forecasts
Statistics show that Unity Software Inc has outperformed its competitors in share price, compared to the industry in which it operates. Unity Software Inc (U) shares have gone down -13.64% during the last six months, with a year-to-date growth rate more than the industry average at 48.78% against 20.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 6.00% this quarter and then jump 13.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -17.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $432.28 million as predicted by 18 analyst(s). Meanwhile, a consensus of 18 analyst(s) estimates revenue growth to $442.45 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $500.36 million and $533.48 million respectively. In this case, analysts expect current quarter sales to shrink by -13.60% and then drop by -17.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -34.36%. While earnings are projected to return -38.36% in 2024.
U Dividends
Unity Software Inc is due to release its next quarterly earnings between May 08 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Unity Software Inc (NYSE:U)’s Major holders
Unity Software Inc insiders own 10.82% of total outstanding shares while institutional holders control 71.52%, with the float percentage being 80.20%. Silver Lake Group, LLC is the largest shareholder of the company, while 761 institutions own stock in it. As of Jun 29, 2023, the company held over 34.98 million shares (or 9.12% of all shares), a total value of $1.52 billion in shares.
The next largest institutional holding, with 27.45 million shares, is of Sc Us (ttgp), Ltd.’s that is approximately 7.16% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.19 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Unity Software Inc (U) shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 29, 2023 indicates that ARK ETF Tr-ARK Innovation ETF owns about 7.99 million shares. This amounts to just over 2.08 percent of the company’s overall shares, with a $250.68 million market value. The same data shows that the other fund manager holds slightly less at 7.7 million, or about 2.01% of the stock, which is worth about $334.3 million.
