The stock of Unity Software Inc (NYSE:U) last traded at $17.26, down -2.60% from the previous session.
U stock price is now 6.66% away from the 50-day moving average and -32.39% away from the 200-day moving average. The market capitalization of the company currently stands at $6.85B.
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"
Sponsored
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, The Felix, SVP Product & Technology, Grow sold 6,272 shares of the company’s stock on Aug 26 ’24. The stock was sold for $110,450 at an average price of $17.61. Upon completion of the transaction, the SVP Product & Technology, Grow now directly owns 453,679 shares in the company, valued at $7.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, SVP, Chief Legal Officer Gupta Anirma sold 10,998 shares of the business’s stock. A total of $193,895 was realized by selling the stock at an average price of $17.63. This leaves the insider owning 586,276 shares of the company worth $10.12 million. A total of 29.16% of the company’s stock is owned by insiders.
During the past 12 months, Unity Software Inc has had a low of $13.90 and a high of $43.54. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 2.35, and a quick ratio of 2.35. The fifty day moving average price for U is $16.1996 and a two-hundred day moving average price translates $25.4833 for the stock.
The latest earnings results from Unity Software Inc (NYSE: U) was released for 2024-06-30. The net profit margin was -38.46% and return on equity was -23.93% for U. The company reported revenue of $449.26 million for the quarter, compared to $533.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.79 percent.
