Unity Software Inc [U] stock prices are up 3.53% to $24.94 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The U shares have gain 9.19% over the last week, with a monthly amount drifted -5.32%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Unity Software Inc [NYSE: U] stock has seen the most recent analyst activity on October 29, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $20. Previously, Stifel reaffirmed its Buy rating on September 13, 2024, and elevated its price target to $25. On September 03, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $22 on the stock. Piper Sandler upgraded its rating to a Neutral and decreased its price target to $30 on February 27, 2024. Macquarie downgraded its rating to a Underperform. Piper Sandler downgraded its rating to Underweight for this stock on January 02, 2024, and upped its price target to $35. In a note dated December 18, 2023, HSBC Securities initiated an Hold rating.
The stock price of Unity Software Inc [U] has been fluctuating between $13.90 and $39.29 over the past year. Currently, Wall Street analysts expect the stock to reach $21.33 within the next 12 months. Unity Software Inc [NYSE: U] shares were valued at $24.94 at the most recent close of the market. An investor can expect a potential drop of -14.47% based on the average U price forecast.
Analyzing the U fundamentals
The Unity Software Inc [NYSE:U] reported sales of 1.97B for trailing twelve months, representing a drop of -17.95%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.25 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.38 points at the first support level, and at 23.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.65, and for the 2nd resistance point, it is at 26.36.
Ratios To Look Out For
It’s worth pointing out that Unity Software Inc [NYSE:U]’s Current Ratio is 2.41. Also, the Quick Ratio is 2.41, while the Cash Ratio stands at 1.6. Considering the valuation of this stock, the price to sales ratio is 5.02, the price to book ratio is 3.15.
Transactions by insiders
Recent insider trading involved Bar-Zeev Tomer, Director, that happened on Jan 02 ’25 when 0.25 million shares were sold. Director, Tomer Bar-Zeev completed a deal on Jan 02 ’25 to buy 0.75 million shares. Meanwhile, SVP, CAO and Interim CFO Barrysmith Mark sold 1228.0 shares on Dec 16 ’24.
