Unity Software Inc (NYSE:U) price on Thursday, April 10, fall -4.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.08.
A look at the stock’s price movement, the close in the last trading session was $19.99, moving within a range at $17.98 and $19.27. The beta value (5-Year monthly) was 2.313. Turning to its 52-week performance, $30.88 and $13.90 were the 52-week high and 52-week low respectively. Overall, U moved -11.30% over the past month.
Unity Software Inc’s market cap currently stands at around $7.82 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 415.77M for the company’s revenue for the quarter, with a low and high estimate of 409.1M and 429.5M respectively. The average forecast suggests down to a -9.69% 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 -1.98% 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 100% Sell. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -6.06% and -12.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.67, while 7-day volatility ratio is 13.90% and 7.34% in the 30-day chart. Further, Unity Software Inc (U) has a beta value of 2.28, and an average true range (ATR) of 1.85. Analysts have given the company’s stock an average 52-week price target of $23, forecast between a low of $16 and high of $30. Looking at the price targets, the low is 16.14% off current price level while to achieve the yearly target high, price needs to move -57.23%. Nonetheless, investors will most likely welcome a -20.55% jump to $23 which is the analysts’ median price.
If we refocus on Unity Software Inc (NYSE:U), historical trading data shows that trading volumes averaged 11.27 over the past 10 days and 11.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 409.39 million shares.
The 24.41% of Unity Software Inc’s shares are in the hands of company insiders while institutional holders own 56.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.79 million on 2025-03-14, giving us a short ratio of 1.78. The data shows that as of 2025-03-14 short interest in Unity Software Inc (U) stood at 806.99995 of shares outstanding, with shares short rising to 28.57 million registered in 2025-02-14. Current price change has pushed the stock -15.09% 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.
