Unity Software Inc. (NYSE:U) traded at $35.14 at close of the session on Monday, 01/23/23, made an upward move of 12.23% on its previous day’s price.
Looking at the stock we see that its previous close was $31.31 and the beta (5Y monthly) reads 1.97 with the day’s price range being $31.17 – $35.395. In terms of its 52-week price range, U has a high of $119.65 and a low of $21.22. The company’s stock has gained about 26.72% over that past 30 days.
Unity Software Inc. has a market cap of $13.07 billion and is expected to release its quarterly earnings report on Feb 01, 2023 – Feb 06, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.43 for 2022 and -$0.02 for next year. These figures represent -95.50% and 95.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $322.32 million, with a low of $315 million and a high of $337 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.35 billion, or 21.30% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the U stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 27 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Unity Software Inc. (U) stock as a Hold, while 13 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 20.87% off its SMA20 and 11.42% from its 50-day simple moving average. The RSI (14) is pointing at 61.04 while the volatility over the past week is 9.28% and jumps to 7.76% over the past one month. The average price target for the stock over the next 12 months is $34.87, with the estimates having a low of $16.00 and a high of $71.00. These price ends are 54.47% and -102.05% off the current price level respectively, although investors could be excited at the prospect of a 0.4% if the U share price touches on the median price of $35.00.
Let’s briefly compare Unity Software Inc. (U) stock to its peers. We find that current price change of 12.23% and -69.06% over the past 12 months for U competes that of Roblox Corporation (RBLX), which has seen its stock price rise 3.19% in the last trading session and was -51.57% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.
Coming back to Unity Software Inc. (NYSE:U), we note that the average 3-month trading volume was 12.32 million, while that of the preceding 10-day period stands at 9.95 million. Current shares outstanding are 403.04 million.
The insiders hold 1.90% of the company’s shares while institutions hold 57.30%. The data shows that short shares as of Oct 13, 2022, stood at 29.13 million at a short ratio of 4.21. This represents a 9.70% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 30.83 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.91% up in year-to-date price movement.