Unity Software Inc. (NYSE:U) price is hovering lower on Wednesday, September 15, dropping -0.71% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $131.73, with intraday deals fluctuating between $130.61 and $135.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $174.94 and 52-week low of $65.11. The stock added 2.22% on its value in the past month.
Unity Software Inc., which has a market valuation of $36.95 billion, is expected to release its quarterly earnings report Nov 10, 2021 – Nov 15, 2021. Analysts tracking U have forecast the quarterly EPS to shrink by -0.07 per share this quarter, while the same analysts predict the annual EPS to hit -$0.23 for the year 2021 and up to -$0.13 for 2022. In this case, analysts estimate an annual EPS growth of 41.00% for the year and 43.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $264.21 million, with the likely lows of $260.01 million and highs of $275 million. The average estimate suggests sales growth for the quarter will likely rise by 31.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.06 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 37.50% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give U a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that U’s price is at present 2.79% off the SMA20 and 13.37% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 58.66, with weekly volatility standing at 3.72%. The indicator jumps to 3.95% when calculated based on the past 30 days. Unity Software Inc. (NYSE:U)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 5.29.
An analysis of the Unity Software Inc. (NYSE:U) stock in terms of its daily trading volume indicates that the 3-month average is 3.15 million.
Current records show that the company has 280.37M in outstanding shares. The insiders’ percentage holdings are 1.80% of outstanding shares while the percentage share held by institutions stands at 73.80%. But the -14.17% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.