Unity Software Stock Price on March 11, 2024
| U Stock | USD 21.67 0.42 1.90% |
If you're considering investing in Unity Stock, it is important to understand the factors that can impact its price. As of today, the current price of Unity Software stands at 21.67, as last reported on the 19th of May, with the highest price reaching 22.16 and the lowest price hitting 21.56 during the day. Unity Software owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the firm had a -0.2% return per unit of risk over the last 3 months. Unity Software exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Unity Software's Coefficient Of Variation of (420.24), risk adjusted performance of (0.13), and Variance of 8.14 to confirm the risk estimate we provide.
Stock Based Compensation is likely to gain to about 681.1 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 2.2 B in 2024. . At this time, Unity Software's Price Earnings To Growth Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 81.18 in 2024, whereas Price Book Value Ratio is likely to drop 4.64 in 2024. Unity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Unity |
Sharpe Ratio = -0.2022
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| Negative Returns | U |
Estimated Market Risk
| 2.81 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.57 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Unity Software is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Unity Software by adding Unity Software to a well-diversified portfolio.
Price Book 2.9797 | Enterprise Value Ebitda (50.66) | Price Sales 4.3355 | Shares Float 274.8 M | Wall Street Target Price 27.58 |
Unity Software Valuation on March 11, 2024
It is possible to determine the worth of Unity Software on a given historical date. On March 11, 2024 Unity was worth 27.01 at the beginning of the trading date compared to the closed value of 27.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unity Software stock. Still, in general, we apply an absolute valuation method to find Unity Software's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Unity Software where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unity Software's related companies.
| Open | High | Low | Close | Volume | |
| 27.63 | 28.12 | 26.99 | 27.06 | 7,719,399 | |
03/11/2024 | 27.01 | 27.54 | 26.80 | 27.10 | 6,792,612 |
| 27.02 | 27.07 | 25.58 | 25.98 | 16,837,105 |
| Backtest Unity Software | | | Unity Software History | | | Unity Software Valuation | Previous | Next |
Unity Software Trading Date Momentum on March 11, 2024
| On March 12 2024 Unity Software was traded for 25.98 at the closing time. The highest price during the trading period was 27.07 and the lowest recorded bid was listed for 25.58 . The volume for the day was 16.8 M. This history from March 12, 2024 contributed to the next trading day price decline. The trading price change to the next closing price was 4.13% . The trading price change to the current price is 1.88% . |
Unity Software Fundamentals Correlations and Trends
By evaluating Unity Software's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Unity Software's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Unity financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Unity Software Stock history
Unity Software investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Unity is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Unity Software will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Unity Software stock prices may prove useful in developing a viable investing in Unity Software
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 380.5 M | 293.3 M | |
| Net Loss | -829 M | -787.5 M |
Unity Software Quarterly Net Working Capital |
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Unity Software Stock Technical Analysis
Unity Software technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Unity Software Period Price Range
Low | March 11, 2024
| High |
27.01 | 27.10 |
Unity Software May 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Unity Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Unity Software shares will generate the highest return on investment. By undertsting and applying Unity Software stock market strength indicators, traders can identify Unity Software entry and exit signals to maximize returns
| Accumulation Distribution | 182518.0 | |||
| Daily Balance Of Power | 0.1216 | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 27.17 | |||
| Day Typical Price | 27.15 | |||
| Price Action Indicator | (0.03) | |||
| Period Momentum Indicator | (5.43) |
Unity Software Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Unity Software's price direction in advance. Along with the technical and fundamental analysis of Unity Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Unity to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.81) | |||
| Total Risk Alpha | (1.12) | |||
| Treynor Ratio | (0.51) |
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| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Software. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Unity Stock please use our How to Invest in Unity Software guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Unity Stock analysis
When running Unity Software's price analysis, check to measure Unity Software's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Unity Software is operating at the current time. Most of Unity Software's value examination focuses on studying past and present price action to predict the probability of Unity Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Unity Software's price. Additionally, you may evaluate how the addition of Unity Software to your portfolios can decrease your overall portfolio volatility.
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Is Unity Software's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Unity Software. If investors know Unity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Unity Software listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.24) | Revenue Per Share 5.603 | Quarterly Revenue Growth (0.08) | Return On Assets (0.07) | Return On Equity (0.24) |
The market value of Unity Software is measured differently than its book value, which is the value of Unity that is recorded on the company's balance sheet. Investors also form their own opinion of Unity Software's value that differs from its market value or its book value, called intrinsic value, which is Unity Software's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Unity Software's market value can be influenced by many factors that don't directly affect Unity Software's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Unity Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Software's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.