Unity Software Inc (NYSE:U) price on Tuesday, December 24, rose 1.97% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $22.80.
A look at the stock’s price movement, the close in the last trading session was $22.36, moving within a range at $21.985 and $23.0306. The beta value (5-Year monthly) was 2.291. Turning to its 52-week performance, $43.54 and $13.90 were the 52-week high and 52-week low respectively. Overall, U moved -3.14% over the past month.
Unity Software Inc’s market cap currently stands at around $9.37 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that U is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
21 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 10 analyst(s) rate the stock as a Hold, 7 recommend U as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
U’s current price about -7.75% and 1.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.77, while 7-day volatility ratio is 6.52% and 6.06% in the 30-day chart. Further, Unity Software Inc (U) has a beta value of 2.34, and an average true range (ATR) of 1.45. Analysts have given the company’s stock an average 52-week price target of $22.5, forecast between a low of $15 and high of $27. Looking at the price targets, the low is 34.21% off current price level while to achieve the yearly target high, price needs to move -18.42%. Nonetheless, investors will most likely welcome a 1.32% jump to $22.5 which is the analysts’ median price.
If we refocus on Unity Software Inc (NYSE:U), historical trading data shows that trading volumes averaged 8.44 over the past 10 days and 11.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 402.58 million shares.
The 25.69% of Unity Software Inc’s shares are in the hands of company insiders while institutional holders own 56.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.23 million on 2024-11-29, giving us a short ratio of 2.03. The data shows that as of 2024-11-29 short interest in Unity Software Inc (U) stood at 626.0000000000001 of shares outstanding, with shares short falling to 24.4 million registered in 2024-10-31. Current price change has pushed the stock -44.27% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the U stock continues to rise going into the next quarter.
