Unity Software Inc (NYSE:U) has a beta value of 2.29 and has seen 1.47 million shares traded in the recent trading session. The company, currently valued at $8.33B, closed the recent trade at $20.98 per share which meant it gained $0.67 on the day or 3.31% during that session. The U stock price is -107.53% off its 52-week high price of $43.54 and 33.75% above the 52-week low of $13.90. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.3 million shares traded. The 3-month trading volume is 12.14 million shares.
The consensus among analysts is that Unity Software Inc (U) is Hold stock at the moment, with a recommendation rating of 2.40. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 10 out of 21 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.36.
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Unity Software Inc (NYSE:U) trade information
Sporting 3.31% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the U stock price touched $20.98 or saw a rise of 1.59%. Year-to-date, Unity Software Inc shares have moved -48.69%, while the 5-day performance has seen it change 1.21%. Over the past 30 days, the shares of Unity Software Inc (NYSE:U) have changed -1.03%. Short interest in the company has seen 25.66 million shares shorted with days to cover at 1.89.
Wall Street analysts have a consensus price target for the stock at $54.5, which means that the shares’ value could jump 61.5% from the levels at last check today.. The projected low price target is $15.0 while the price target rests at a high of $180.0. In that case, then, we find that the latest price level in today’s session is -757.96% off the targeted high while a plunge would see the stock lose 28.5% from the levels at last check today..
Unity Software Inc (U) estimates and forecasts
Figures show that Unity Software Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -17.14% over the past 6 months, with this year growth rate of -553.66%, compared to 19.70% for the industry. Revenue growth from the last financial year stood is estimated to be -19.30%.
17 analysts offering their estimates for the company have set an average revenue estimate of 429.44M for the current quarter. 17 have an estimated revenue figure of 427.8M for the next ending quarter. Year-ago sales stood 553.71M and 609.27M respectively for this quarter and the next, and analysts expect sales will shrink by -22.40% for the current quarter and -19.30% 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. Earnings growth for 2024 is a modest -20.46% while over the next 5 years, the company’s earnings are expected to decrease by -4.00%.
U Dividends
Unity Software Inc is expected to release its next earnings report on 2024-Nov-07 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 10.69% of the company shares, while shares held by institutions stand at 72.40% with a share float percentage of 81.06%. Investors are also buoyed by the number of investors in a company, with Unity Software Inc having a total of 614.0 institutions that hold shares in the company. The top two institutional holders are SILVER LAKE GROUP, L.L.C. with over 34.74 million shares worth more than $564.8 million. As of 2024-06-30, SILVER LAKE GROUP, L.L.C. held 8.9721% of shares outstanding.
The other major institutional holder is SC US (TTGP), LTD., with the holding of over 32.25 million shares as of 2024-06-30. The firm’s total holdings are worth over $524.39 million and represent 8.3301% of shares outstanding.
