Unity Software Inc (NYSE:U) price on Thursday, January 16, fall -1.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.75.
A look at the stock’s price movement, the close in the last trading session was $22.04, moving within a range at $21.38 and $22.1. The beta value (5-Year monthly) was 2.291. Turning to its 52-week performance, $35.56 and $13.90 were the 52-week high and 52-week low respectively. Overall, U moved -11.01% over the past month.
Unity Software Inc’s market cap currently stands at around $8.76 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that U is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -4.78% and -5.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.74, while 7-day volatility ratio is 5.68% and 6.44% in the 30-day chart. Further, Unity Software Inc (U) has a beta value of 2.32, and an average true range (ATR) of 1.52. 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 31.03% off current price level while to achieve the yearly target high, price needs to move -24.14%. Nonetheless, investors will most likely welcome a -3.45% 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 11.87 over the past 10 days and 10.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 402.58 million shares.
The 24.89% of Unity Software Inc’s shares are in the hands of company insiders while institutional holders own 56.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.53 million on 2024-12-31, giving us a short ratio of 2.35. The data shows that as of 2024-12-31 short interest in Unity Software Inc (U) stood at 634.0 of shares outstanding, with shares short rising to 24.23 million registered in 2024-11-29. Current price change has pushed the stock -3.20% 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.
