Unity Software Inc (NYSE:U) has a beta value of 2.41 and has seen 5.21 million shares traded in the last trading session. The company, currently valued at $10.45B, closed the last trade at $27.08 per share which meant it gained $0.87 on the day or 3.32% during that session. The U stock price is -84.93% off its 52-week high price of $50.08 and 18.02% above the 52-week low of $22.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.55 million shares traded. The 3-month trading volume is 10.58 million shares.
Unity Software Inc (NYSE:U) trade information
Sporting 3.32% in the green in last session, the stock has traded in the green over the last five days, when the U stock price touched $27.08 or saw a rise of 0.18%. Year-to-date, Unity Software Inc shares have moved -33.77%, while the 5-day performance has seen it change 3.16%. Over the past 30 days, the shares of Unity Software Inc (NYSE:U) have changed 0.07%. Short interest in the company has seen 32.84 million shares shorted with days to cover at 2.59.
Unity Software Inc (U) estimates and forecasts
Figures show that Unity Software Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -10.18% over the past 6 months, with this year growth rate of 48.78%, compared to 19.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 6.00% and 13.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -17.20%.
18 analysts offering their estimates for the company have set an average revenue estimate of $432.28 million for the current quarter. 18 have an estimated revenue figure of $442.45 million for the next quarter concluding in Jun 2024. Year-ago sales stood $500.36 million and $533.48 million respectively for this quarter and the next, and analysts expect sales will shrink by -13.60% for the current quarter and -17.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -34.36% over the past 5 years.
U Dividends
Unity Software Inc is expected to release its next earnings report on May 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Unity Software Inc (NYSE:U)’s Major holders
Insiders own 10.82% of the company shares, while shares held by institutions stand at 71.52% with a share float percentage of 80.20%. Investors are also buoyed by the number of investors in a company, with Unity Software Inc having a total of 761 institutions that hold shares in the company. The top two institutional holders are Silver Lake Group, LLC with over 34.98 million shares worth more than $1.52 billion. As of Jun 29, 2023, Silver Lake Group, LLC held 9.12% of shares outstanding.
The other major institutional holder is Sc Us (ttgp), Ltd., with the holding of over 27.45 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $1.19 billion and represent 7.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 2.08% shares in the company for having 7.99 million shares of worth $250.68 million while later fund manager owns 7.7 million shares of worth $334.3 million as of Jun 29, 2023, which makes it owner of about 2.01% of company’s outstanding stock.
