Unity Software Inc (NYSE:U) price on current trading day, rose 1.94% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.56.
A look at the stock’s price movement, the close in the last trading session was $21.15, moving within a range at $21.1111 and $21.94. The beta value (5-Year monthly) was 2.269. Turning to its 52-week performance, $30.88 and $13.90 were the 52-week high and 52-week low respectively. Overall, U moved -1.19% over the past month.
Unity Software Inc’s market cap currently stands at around $8.83 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 415.08M for the company’s revenue for the quarter, with a low and high estimate of 409.1M and 422.17M respectively. The average forecast suggests down to a -9.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.78B, representing a -1.99% decline on that reported in the last financial year.
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 50% 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 -9.82% and -4.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.33, while 7-day volatility ratio is 4.82% and 7.56% in the 30-day chart. Further, Unity Software Inc (U) has a beta value of 2.28, and an average true range (ATR) of 1.62. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -39.15% off current price level while to achieve the yearly target high, price needs to move -39.15%. Nonetheless, investors will most likely welcome a -39.15% jump to $30 which is the analysts’ median price.
If we refocus on Unity Software Inc (NYSE:U), historical trading data shows that trading volumes averaged 9.98 over the past 10 days and 11.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 409.39 million shares.
The 24.46% of Unity Software Inc’s shares are in the hands of company insiders while institutional holders own 56.02% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.9 million on 2025-02-28, giving us a short ratio of 2.16. The data shows that as of 2025-02-28 short interest in Unity Software Inc (U) stood at 810.0 of shares outstanding, with shares short rising to 24.47 million registered in 2025-01-31. Current price change has pushed the stock -4.05% 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.
