Unity Software Inc (NYSE:U) traded at $25.03 at last check on Monday, April 29, made an upward move of 3.75% on its previous day’s price.
Looking at the stock we see that its previous close was $24.13. In terms of its 52-week price range, U has a high of $50.08 and a low of $22.20. The company’s stock has lost about -6.24% over that past 30 days.
Unity Software Inc has a market cap of $9.78 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.62, with the EPS growth for the year raised at -$1.71 for 2024 and -$1.18 for next year. These figures represent 20.80% and 31.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $431.55 million, with a low of $416.8 million and a high of $470.08 million. The median projection represents growth adding up to -13.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.81 billion, or -17.30% down from figures reported last year.
There have been 1 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the U stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 1.09% off its SMA20 and -7.21% from its 50-day simple moving average. The RSI (14) is pointing at 49.03 while the volatility over the past week is 3.77% and jumps to 3.45% over the past one month. The beta value is 2.41, while the average true range (ATR) is currently pointing at 0.99.
Coming back to Unity Software Inc (NYSE:U), we note that the average 3-month trading volume was 8.98 million. Current shares outstanding are 384.87 million.
The insiders hold 33.36% of the company’s shares while institutions hold 48.47%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -38.77% down in year-to-date price movement.
