In the last trading session, 14.24 million shares of the Unity Software Inc (NYSE:U) were traded, and its beta was 2.33. Most recently the company’s share price was $27.38, and it changed around -$0.34 or -1.23% from the last close, which brings the market valuation of the company to $11.07B. U currently trades at a discount to its 52-week high of $43.54, offering almost -59.02% off that amount. The share price’s 52-week low was $13.90, which indicates that the current value has risen by an impressive 49.23% since then. We note from Unity Software Inc’s average daily trading volume that its 10-day average is 13.69 million shares, with the 3-month average coming to 12.87 million.
Unity Software Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.25. If we narrow it down even further, the data shows that 2 out of 30 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 15 recommended U as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
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Unity Software Inc (NYSE:U) trade information
Instantly U has showed a red trend with a performance of -1.23% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 28.67 on recent trading dayincreased the stock’s daily price by 4.5%. The company’s shares are currently down -33.04% year-to-date, but still up 12.91% over the last five days. On the other hand, Unity Software Inc (NYSE:U) is 23.28% up in the 30-day period. We can see from the shorts that 23.59 million shares have been sold at a short interest cover period of 2.45 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to decrease their stock price by -19.04% from its current value. Analyst projections state that U is forecast to be at a low of $15 and a high of $27.
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 risen 52.37 percent over the past six months and at a -517.07% annual growth rate that is well below the industry average of 24.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -34.36%. Unity Software Inc earnings are expected to increase by -15.74% in 2024, but the outlook is negative -4.00% per year for the next five years.
U Dividends
Unity Software Inc’s next quarterly earnings report is expected to be released in January.
Unity Software Inc (NYSE:U)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.61% of Unity Software Inc shares, and 77.57% of them are in the hands of institutional investors. The stock currently has a share float of 86.78%. Unity Software Inc stock is held by 588.0 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.
