In today’s recent session, 0.88 million shares of the Unity Software Inc (NYSE:U) have been traded, and its beta is 2.26. Most recently the company’s share price was $17.40, and it changed around -$0.32 or -1.81% from the last close, which brings the market valuation of the company to $6.91B. U at last check was trading at a discount to its 52-week high of $43.54, offering almost -150.23% off that amount. The share price’s 52-week low was $13.90, which indicates that the recent value has risen by an impressive 20.11% since then. We note from Unity Software Inc’s average daily trading volume that its 10-day average is 8.36 million shares, with the 3-month average coming to 9.72 million.
Unity Software Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.61. If we narrow it down even further, the data shows that 3 out of 29 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 15 recommended U as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Unity Software Inc is expected to report earnings per share of -0.37 for the current quarter.
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Unity Software Inc (NYSE:U) trade information
Instantly U has been showing red trend so far today with a performance of -1.81% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 18.06 on recent trading dayincreased the stock’s daily price by 3.65%. The company’s shares are currently down -57.45% year-to-date, but still up 2.23% over the last five days. On the other hand, Unity Software Inc (NYSE:U) is 6.42% up in the 30-day period. We can see from the shorts that 30.56 million shares have been sold at a short interest cover period of 3.52 day(s).
The consensus price target as assigned by Wall Street analysts is $54.5, which translates to bulls needing to increase their stock price by 68.07% from its current value. Analyst projections state that U is forecast to be at a low of $14 and a high of $180.
Unity Software Inc (U) estimates and forecasts
Unity Software Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.91 percent over the past six months and at a -563.41% annual growth rate that is well below the industry average of 17.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -15.60% in revenue this quarter, and will report an increase of 39.40% in the next quarter. The year-over-year growth rate is expected to be -19.40%, down from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 429.36M in revenue for the current quarter. 17 analysts expect Unity Software Inc to make 427.41M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 553.71M and 609.27M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.50%. Forecasts for the next quarter put sales growth at -29.80%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -34.36%.
U Dividends
Unity Software Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
Unity Software Inc (NYSE:U)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.68% of Unity Software Inc shares, and 73.32% of them are in the hands of institutional investors. The stock currently has a share float of 82.09%. Unity Software Inc stock is held by 648.0 institutions, with SILVER LAKE GROUP, L.L.C. being the largest institutional investor. By 2024-06-30, it held 8.9721% of the shares, which is about 34.74 million shares worth $564.8 million.
SC US (TTGP), LTD., with 8.3301% or 32.25 million shares worth $524.39 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 14.35 shares worth $248.47 million, making up 3.62% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 8.37 shares worth around $144.94 million, which represents about 2.11% of the total shares outstanding.
