During the last session, Unity Software Inc (NYSE:U)’s traded shares were 3.65 million, with the beta value of the company hitting 2.30. At the end of the trading day, the stock’s price was $21.97, reflecting an intraday gain of 1.57% or $0.34. The 52-week high for the U share is $43.54, that puts it down -98.18 from that peak though still a striking 36.73% gain since the share price plummeted to a 52-week low of $13.90. The company’s market capitalization is $8.85B, and the average intraday trading volume over the past 10 days was 15.36 million shares, and the average trade volume was 12.37 million shares over the past three months.
Unity Software Inc (U) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.35. U has a Sell rating from 3 analyst(s) out of 21 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 7 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.37.
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Unity Software Inc (NYSE:U) trade information
Unity Software Inc (U) registered a 1.57% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.57% in intraday trading to $21.97, hitting a weekly high. The stock’s 5-day price performance is 16.61%, and it has moved by 8.49% in 30 days. Based on these gigs, the overall price performance for the year is -22.70%. The short interest in Unity Software Inc (NYSE:U) is 24.4 million shares and it means that shorts have 2.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $54.5, which implies an increase of 59.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15 and $180 respectively. As a result, U is trading at a discount of -719.3% off the target high and 31.73% off the low.
Unity Software Inc (U) estimates and forecasts
Statistics show that Unity Software Inc has underperformed its competitors in share price, compared to the industry in which it operates. Unity Software Inc (U) shares have gone up 12.09% during the last six months, with a year-to-date growth rate less than the industry average at -517.07% against 24.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -66.44% this quarter and then drop -44.28% in the quarter after that. In the rating firms’ projections, revenue will decrease -18.44% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 433.3M as predicted by 18 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 438.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 609.27M and 460.38M respectively. In this case, analysts expect current quarter sales to shrink by -28.88% and then drop by -4.72% 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 -15.74% in 2024, the next five years will return -4.00% per annum.
U Dividends
Unity Software Inc is due to release its next quarterly earnings in December. 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 10.65% of total outstanding shares while institutional holders control 76.92%, with the float percentage being 86.09%. SILVER LAKE GROUP, L.L.C. is the largest shareholder of the company, while 592.0 institutions own stock in it. As of 2024-06-30, the company held over 34.74 million shares (or 8.9721% of all shares), a total value of $564.8 million in shares.
The next largest institutional holding, with 32.25 million shares, is of SC US (TTGP), LTD.’s that is approximately 8.3301% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $524.39 million.
Also, the Mutual Funds coming in first place with the largest holdings of Unity Software Inc (U) shares are Growth Fund of America Inc and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that Growth Fund of America Inc owns about 17.84 shares. This amounts to just over 4.43 percent of the company’s overall shares, with a $391.1 million market value. The same data shows that the other fund manager holds slightly less at 8.76, or about 2.17% of the stock, which is worth about $192.03 million.
