The closing price of Unity Software Inc (NYSE: U) was $27.57 for the day, up 1.55% from the previous closing price of $27.15. In other words, the price has increased by $+0.42 from its previous closing price. On the day, 9434561 shares were traded.
Ratios:
Our analysis of U’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.52. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.86.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 08 ’24 when The Felix sold 5,000 shares for $27.28 per share. The transaction valued at 136,400 led to the insider holds 293,948 shares of the business.
Bar-Zeev Tomer sold 250,000 shares of U for $6,647,500 on Mar 05 ’24. The Director now owns 4,498,146 shares after completing the transaction at $26.59 per share. On Mar 01 ’24, another insider, Carpenter Carol W., who serves as the SVP & Chief Marketing Officer of the company, sold 2,000 shares for $29.35 each. As a result, the insider received 58,700 and left with 446,617 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 10.48B and an Enterprise Value of 11.60B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 5.30 whereas that against EBITDA is -55.41.
Stock Price History:
Over the past 52 weeks, U has reached a high of $50.08, while it has fallen to a 52-week low of $22.20. The 50-Day Moving Average of the stock is 31.14, while the 200-Day Moving Average is calculated to be 34.28.
Shares Statistics:
U traded an average of 11.45M shares per day over the past three months and 9.25M shares per day over the past ten days. A total of 384.87M shares are outstanding, with a floating share count of 255.26M. Insiders hold about 33.86% of the company’s shares, while institutions hold 48.00% stake in the company. Shares short for U as of Feb 29, 2024 were 37.81M with a Short Ratio of 3.30, compared to 29.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.80% and a Short% of Float of 10.57%.
Earnings Estimates
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of -$0.63 for the current quarter, with a high estimate of -$0.24 and a low estimate of -$1, while EPS last year was -$0.67. The consensus estimate for the next quarter is -$0.44, with high estimates of -$0.08 and low estimates of -$0.89.
Analysts are recommending an EPS of between -$0.31 and -$3.42 for the fiscal current year, implying an average EPS of -$1.7. EPS for the following year is -$1.17, with 15 analysts recommending between -$0.11 and -$2.77.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 18 analysts. It ranges from a high estimate of $470.08M to a low estimate of $416.8M. As of the current estimate, Unity Software Inc’s year-ago sales were $500.36M, an estimated decrease of -13.60% from the year-ago figure. For the next quarter, 18 analysts are estimating revenue of $442.45M, a decrease of -17.10% less than the figure of -$13.60% in the same quarter last year. There is a high estimate of $464.3M for the next quarter, whereas the lowest estimate is $420M.
A total of 23 analysts have provided revenue estimates for U’s current fiscal year. The highest revenue estimate was $1.99B, while the lowest revenue estimate was $1.75B, resulting in an average revenue estimate of $1.81B. In the same quarter a year ago, actual revenue was $2.19B, down -17.20% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $2.02B in the next fiscal year. The high estimate is $2.18B and the low estimate is $1.92B. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.
