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After finishing at $15.21 in the prior trading day, Unity Software Inc (NYSE: U) closed at $16.25, up 6.84%. In other words, the price has increased by $6.84 from its previous closing price. On the day, 13.32 million shares were traded. U stock price reached its highest trading level at $16.63 during the session, while it also had its lowest trading level at $15.22.
Ratios:
Our goal is to gain a better understanding of U by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.65. For the most recent quarter (mrq), Quick Ratio is recorded 2.35 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on February 27, 2024, Upgraded its rating to Neutral and sets its target price to $30 from $35 previously.
Piper Sandler Downgraded its Neutral to Underweight on January 02, 2024, whereas the target price for the stock was revised from $20 to $35.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 13 ’24 when Whitten Marc bought 79,844 shares for $16.32 per share.
Gupta Anirma bought 1,506 shares of U for $25,195 on Jul 29 ’24. On Jul 29 ’24, another insider, Gupta Anirma, who serves as the SVP, Chief Legal Officer of the company, sold 1,506 shares for $16.73 each. As a result, the insider received 25,195 and left with 409,540 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, U now has a Market Capitalization of 6448942080 and an Enterprise Value of 7777067008. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.08 while its Price-to-Book (P/B) ratio in mrq is 2.02. Its current Enterprise Value per Revenue stands at 3.77 whereas that against EBITDA is -28.4.
Stock Price History:
Over the past 52 weeks, U has reached a high of $43.54, while it has fallen to a 52-week low of $13.90. The 50-Day Moving Average of the stock is -0.69%, while the 200-Day Moving Average is calculated to be -37.45%.
Shares Statistics:
The stock has traded on average 9.94M shares per day over the past 3-months and 14812860 shares per day over the last 10 days, according to various share statistics. A total of 384.87M shares are outstanding, with a floating share count of 284.48M. Insiders hold about 27.22% of the company’s shares, while institutions hold 52.72% stake in the company. Shares short for U as of 1722384000 were 30555922 with a Short Ratio of 3.08, compared to 1719532800 on 30382601. Therefore, it implies a Short% of Shares Outstanding of 30555922 and a Short% of Float of 8.05.
