Unity Software Inc [U] fell -15.41% so far this year. What now?

Unity Software Inc [NYSE: U] stock went on a downward path that fall over -0.66% on Friday, amounting to a one-week price decrease of less than -8.44%. The company report on January 9, 2024 at 8:00 AM that Unity Announces Fourth Quarter and Fiscal Year 2023 Financial Results Webcast.

Unity (NYSE: U) announced today it will release fourth quarter and Fiscal Year 2023 financial results after the market close on Monday, February 26, 2024, with a webcast to follow at 2 p.m. PT/5 p.m. ET.

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The webcast and shareholder letter will be accessible at investors.unity.com. A replay of the webcast will also be available on Unity’s Investor Relations website.

Over the last 12 months, U stock rose by 6.23%. The one-year Unity Software Inc stock forecast points to a potential upside of 0.57. The average equity rating for U stock is currently 2.44, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $13.14 billion, with 374.24 million shares outstanding and 229.37 million shares in the current float. Compared to the average trading volume of 12.59M shares, U stock reached a trading volume of 12860768 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Unity Software Inc [U]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for U shares is $34.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on U stock is a recommendation set at 2.44. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Unity Software Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 02, 2024.

The Average True Range (ATR) for Unity Software Inc is set at 2.13, with the Price to Sales ratio for U stock in the period of the last 12 months amounting to 6.48. The Price to Book ratio for the last quarter was 4.05, with the Price to Cash per share for the same quarter was set at 3.97. Price to Free Cash Flow for U in the course of the last twelve months was 242.62 with Quick ratio for the last quarter at 2.34.

U Stock Performance Analysis:

Unity Software Inc [U] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.44. With this latest performance, U shares gained by 4.22% in over the last four-week period, additionally sinking by -21.99% over the last 6 months – not to mention a rise of 6.23% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for U stock in for the last two-week period is set at 44.47, with the RSI for the last a single of trading hit 38.17, and the three-weeks RSI is set at 48.07 for Unity Software Inc [U]. The present Moving Average for the last 50 days of trading for this stock 33.15, while it was recorded at 36.28 for the last single week of trading, and 33.88 for the last 200 days.

Insight into Unity Software Inc Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Unity Software Inc [U] shares currently have an operating margin of -61.01 and a Gross Margin at +68.23. Unity Software Inc’s Net Margin is presently recorded at -66.21.

Return on Total Capital for U is now -15.69, given the latest momentum, and Return on Invested Capital for the company is -17.49. Return on Equity for this stock declined to -31.10, with Return on Assets sitting at -14.53. When it comes to the capital structure of this company, Unity Software Inc [U] has a Total Debt to Total Equity ratio set at 80.76. Additionally, U Total Debt to Total Capital is recorded at 44.68, with Total Debt to Total Assets ending up at 36.37. Long-Term Debt to Equity for the company is recorded at 79.78, with the Long-Term Debt to Total Capital now at 44.14.

Reflecting on the efficiency of the workforce at the company, Unity Software Inc [U] managed to generate an average of -$119,572 per employee. Receivables Turnover for the company is 2.86 with a Total Asset Turnover recorded at a value of 0.22.Unity Software Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.34 and a Current Ratio set at 2.34.

Unity Software Inc [U] Institutonal Ownership Details

The top three institutional holders of U stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in U stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in U stock with ownership which is approximately 5.8325%.