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Unity Software Inc (U) Analysis & Forecast for 2024

Unity Software Inc (NYSE: U) is -62.04% lower on its value in year-to-date trading and has touched a low of $15.23 and a high of $50.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The U stock was last observed hovering at around $16.15 in the last trading session, with the day’s loss setting it -0.63%.

Currently trading at $15.52, the stock is -5.75% and -20.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.81 million and changing -3.90% at the moment leaves the stock -43.94% off its SMA200. U registered -61.64% loss for a year compared to 6-month loss of -58.92%.

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The stock witnessed a -13.92% gain in the last 1 month and extending the period to 3 months gives it a -40.79%, and is -1.83% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.24% over the week and 4.38% over the month.

Unity Software Inc (U) has around 6748 employees, a market worth around $6.07B and $2.15B in sales. Fwd P/E is 15.39. Profit margin for the company is -40.05%. Distance from 52-week low is 1.90% and -69.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.58%).

with sales reaching $439.22M over the same period.The EPS is expected to shrink by -28.39% this year, but quarterly earnings will post -16.00% year-over-year. Quarterly sales are estimated to shrink -17.70% in year-over-year returns.

Unity Software Inc (U) Top Institutional Holders

The shares outstanding are 384.87M, and float is at 284.72M with Short Float at 11.75%.

Unity Software Inc (U) Insider Activity

The most recent transaction is an insider sale by Gupta Anirma,the company’sSVP, Chief Legal Officer. SEC filings show that Gupta Anirma sold 1,566 shares of the company’s common stock on Jun 24 ’24 at a price of $15.88 per share for a total of $24868.0. Following the sale, the insider now owns 0.36 million shares.

Unity Software Inc disclosed in a document filed with the SEC on Jun 18 ’24 that Lee Michelle K. (Director) sold a total of 800 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $16.32 per share for $13056.0. Following the transaction, the insider now directly holds 9261.0 shares of the U stock.

Still, SEC filings show that on May 29 ’24, Whitten Marc (Chief Prod & Tech Officer) disposed off 9,405 shares at an average price of $18.81 for $0.18 million. The insider now directly holds 948,836 shares of Unity Software Inc (U).

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