There’s Something Awry at Unity Software Inc (NYSE:U) Since Share Price Gets Ahead of Fundamentals

The stock of Unity Software Inc (NYSE:U) last traded at $16.08, down -2.31% from the previous session.

U stock price is now -26.17% away from the 50-day moving average and -44.64% away from the 200-day moving average. The market capitalization of the company currently stands at $6.29B.

Top 5 Artificial Intelligence Stocks to Buy for 2024

By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it. According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."

Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"


With the price target reduced from $35 to $30, Piper Sandler Upgraded its rating from Underweight to Neutral for Unity Software Inc (NYSE: U). , while ‘Piper Sandler’ rates the stock as ‘Underweight’

In other news, Lee Michelle K., Director sold 800 shares of the company’s stock on Jun 18 ’24. The stock was sold for $13,056 at an average price of $16.32. Upon completion of the transaction, the Director now directly owns 9,261 shares in the company, valued at $0.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 29 ’24, Chief Prod & Tech Officer Whitten Marc sold 9,405 shares of the business’s stock. A total of $176,908 was realized by selling the stock at an average price of $18.81. This leaves the insider owning 948,836 shares of the company worth $15.26 million. A total of 27.19% of the company’s stock is owned by insiders.

During the past 12 months, Unity Software Inc has had a low of $15.97 and a high of $50.08. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 2.14, and a quick ratio of 2.14. The fifty day moving average price for U is $21.5758 and a two-hundred day moving average price translates $28.93925 for the stock.

The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-03-31. The net profit margin was -40.05% and return on equity was -25.89% for U. The company reported revenue of $460.38 million for the quarter, compared to $500.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.99 percent.

Related Posts