Market Watch Highlights: Unity Software Inc (U) Ends on an Downturn Note at 17.26

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As of close of business last night, Unity Software Inc’s stock clocked out at $17.26, down -2.60% from its previous closing price of $17.72. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 4.28 million shares were traded. U stock price reached its highest trading level at $17.65 during the session, while it also had its lowest trading level at $17.0701.

Ratios:

To gain a deeper understanding of U’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.81. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 26 ’24 when The Felix sold 6,272 shares for $17.61 per share. The transaction valued at 110,450 led to the insider holds 453,679 shares of the business.

Gupta Anirma sold 10,998 shares of U for $193,895 on Aug 26 ’24. The SVP, Chief Legal Officer now owns 586,276 shares after completing the transaction at $17.63 per share. On Aug 26 ’24, another insider, Barrysmith Mark, who serves as the SVP, CAO and Interim CFO of the company, sold 1,903 shares for $17.62 each. As a result, the insider received 33,531 and left with 462,978 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 6849768960 and an Enterprise Value of 8177893376. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 3.964 whereas that against EBITDA is -29.864.

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 6.66%, while the 200-Day Moving Average is calculated to be -32.39%.

Shares Statistics:

It appears that U traded 9.72M shares on average per day over the past three months and 7466400 shares per day over the past ten days. A total of 384.87M shares are outstanding, with a floating share count of 281.14M. Insiders hold about 29.16% of the company’s shares, while institutions hold 53.45% stake in the company. Shares short for U as of 1722384000 were 30555922 with a Short Ratio of 3.19, compared to 1719532800 on 30382601. Therefore, it implies a Short% of Shares Outstanding of 30555922 and a Short% of Float of 8.05.

Earnings Estimates

A comprehensive evaluation of Unity Software Inc (U) is underway, with the input of 10.0 analysts contributing to its current rating.The consensus estimate for the next quarter is -$0.4, with high estimates of -$0.28 and low estimates of -$0.58.

Analysts are recommending an EPS of between -$1.44 and -$2.14 for the fiscal current year, implying an average EPS of -$1.8. EPS for the following year is -$1.14, with 12.0 analysts recommending between -$0.26 and -$1.73.

Revenue Estimates

In the current quarter, 17 analysts expect revenue to total $429.36M. It ranges from a high estimate of $456M to a low estimate of $415.15M. As of the current estimate, Unity Software Inc’s year-ago sales were $553.71MFor the next quarter, 17 analysts are estimating revenue of $427.41M. There is a high estimate of $489M for the next quarter, whereas the lowest estimate is $413M.

A total of 20 analysts have provided revenue estimates for U’s current fiscal year. The highest revenue estimate was $1.86B, while the lowest revenue estimate was $1.69B, resulting in an average revenue estimate of $1.76B. In the same quarter a year ago, actual revenue was $2.19BBased on 20 analysts’ estimates, the company’s revenue will be $1.8B in the next fiscal year. The high estimate is $2.03B and the low estimate is $1.68B.

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