Unity Software Inc (NYSE:U) price on Wednesday, May 21, fall -6.39% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.81.
A look at the stock’s price movement, the close in the last trading session was $22.23. Turning to its 52-week performance, $30.88 and $13.90 were the 52-week high and 52-week low respectively. Overall, U moved 3.17% over the past month.
Unity Software Inc’s market cap currently stands at around $8.65 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Turning to the stock’s technical picture we see that short term indicators suggest on average that U is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 7 recommend U as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
U’s current price about -3.70% and 0.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.25, while 7-day volatility ratio is 6.28% and 5.28% in the 30-day chart. Further, Unity Software Inc (U) has a beta value of 2.26, and an average true range (ATR) of 1.33. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $16 and high of $30. Looking at the price targets, the low is 23.11% off current price level while to achieve the yearly target high, price needs to move -44.16%. Nonetheless, investors will most likely welcome a -10.52% jump to $23 which is the analysts’ median price.
If we refocus on Unity Software Inc (NYSE:U), historical trading data shows that trading volumes averaged 10.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 415.41 million shares.
The 24.39% of Unity Software Inc’s shares are in the hands of company insiders while institutional holders own 62.90% of the company’s shares. Current price change has pushed the stock -7.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the U stock continues to rise going into the next quarter.
