The trading price of Unity Software Inc. (NYSE:U) floating lower at last check on Monday, Feb 22, closing at $121.4, -3.94% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $116.14 and $120.00. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $174.94 and a 52-week low of $65.11. Over the past month, the stock has suffered -17.56% in value.
Unity Software Inc., whose market valuation is $32.05 Billion at the time of this writing, is expected to release its quarterly earnings report in Apr 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.12 per share this quarter, however they have predicted annual earnings per share of -$0.35 for 2021 and -$0.16 for 2022. It means analysts are expecting annual earnings per share growth of -0.1% this year and -0.54% next year.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned U a recommendation rating is 11. Out of them, 3 rate it a Hold, while 6 recommend Buy, whereas none assign an Outperform rating. 1 analyst(s) have tagged Unity Software Inc. (U) as Underperform, while 1 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that U’s price is currently -15.53% off the SMA20 and -20.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 31.67, and weekly volatility stands at 4.34%. When measured over the past 30 days, the indicator reaches 5.73%. Unity Software Inc. (NYSE:U)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 7.75. With analysts defining $62-$175 as the low and high price targets, we arrive at a consensus price target of $142.11 for the trailing 12-month period. The current price is about -46.83% off the estimated low and 50.07% off the forecast high, based on this estimate. Investors will be thrilled if U’s share price rises to $150, which is the median consensus price. At that level, U’s share price would be +28.63% above current price.
To see how Unity Software Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: U stock’s performance was -3.94% at last check in today’s session, and 0% in the past year, while Paypal Holdings (PYPL) has been trading -3.3% in recent session and positioned +134.35% higher than it was a year ago. Another comparable company Square (SQ) saw its stock trading -2.22% lower in today’s session but was up +222.72% in a year. Furthermore, Zoom Video Communications Cl A (ZM) showed a decline of -3.94% today while its price kept declining at 0% over the past year. Unity Software Inc. has a P/E ratio of 0, compared to Paypal Holdings 81.1 and Square’s 597.34. Also during today’s trading, the S&P 500 Index has soared -0.48%, while the Dow Jones Industrial also saw a positive session, up +0.05% today.
An evaluation of the daily trading volume of Unity Software Inc. (NYSE:U) indicates that the 3-month average is 3.16 Million. However, this figure has increased over the past 10 days to an average of 5.51 Million.
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Currently, records show that 273.54 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 16.25% of outstanding shares, whereas institutions hold 61.97%. The stats also highlight that short interest as of January 28, 2021, stood at 5.84 Million shares, resulting in a short ratio of 2.9 at that time. From this, we can conclude that short interest is 2.14% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 6.73 Million. However, since the stock’s price has seen -20.9% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.