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UNITY SOFTWARE INC

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$U - Oh the magic of analyst downgradeBozz update: NYSE:U The stock experienced a significant pullback following Piper Sandler's analyst downgrade from Neutral to Underweight, with an increase in the price target from $20 to $35. A staggering 75% surge from the Neutral rating – because logic, right? Does the analyst realize how absurd that rating sounds? What magical transformation happened to make the stock 75% more valuable under the illustrious Underweight category than when it was just Neutral? But I digress. Returning to the chart, the stock hit the upper trendline of the sideways channel and produced a doji before the inevitable rejection. The MACD is teasing a potential bearish crossing, albeit in the early stages. Should the bulls muster the strength to reclaim levels above $41.50 promptly, there's a decent chance of a breakout from the channel. However, if not, brace yourselves for the risk of a further descent. Support levels to watch: $36.50 $35.50 $33.50
NYSE:U
by PaperBozz
Unity Software Surprising 25% Stock Rally Unity Software Inc (NYSE: NYSE:U ) has experienced a notable fluctuation in its stock price over recent periods. With a current market capitalization of $15.31 billion, the company's stock is trading at $42.14. Over the past week, Unity's shares have seen a marginal decline of 0.25%. However, looking at a broader timeframe, the stock has gained an impressive 25.03% over the past three months. This growth is particularly striking when considering the company's past and current GF Value. Unity's Competitive Landscape In comparison to its competitors, Unity stands out with a higher market cap than BILL Holdings Inc (BILL, Financial) at $8.94 billion, Ceridian HCM Holding Inc (CDAY, Financial) at $10.48 billion, and Paylocity Holding Corp (PCTY, Financial) at $9.3 billion. This suggests that Unity holds a stronger position in the market, potentially offering a more stable investment opportunity. Technical Analysis Unity Software has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The stock is moving within a rectangle formation. An established break predicts a further rise. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the stock RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
NYSE:ULong
by DEXWireNews
$U Breaking Above 50 DMANYSE:U has been a bit of a troubled stock. However, they did beat on earnings, and they have announced 265 job cuts and office closures to boost profit. I am taking a chance here on a "turnaround play." I opened a ¼ size position just a bit ago. I’ll place my stop just under the low of the day (that’s about a 9% stop, bigger than I like but it has moved that much today, hence the smaller position size). I like the volume on earnings day along with follow-up volume the next day. It is on track today to be about 150% of the last 10 days average volume so buyers are showing up. Although it is now above its 50 DMA it has yet to cross the 40-week MA (white) and just above that in light green is the 18-month AVWAP. Those could be strong areas of resistance, TBD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:ULong
by jaxdog
Unity Software (NYSE: U) Resurrection Unity Software Inc. is an American video game software development company based in San Francisco. It was founded in Denmark in 2004 as Over the Edge Entertainment and changed its name in 2007. Unity Technologies is best known for the development of Unity, a licensed game engine used to create video games and other applications. Unity Software's earnings report Does Not Look Good Shares of 3D virtual reality company Unity Software (U 7.01%) plunged 12% at the open on Friday after reporting an earnings miss Thursday evening. Heading into Q3, analysts had forecast Unity would earn $0.17 per share on $553.7 million in sales. Instead, Unity reported a $0.32 per share loss, and its sales fell short of expectations at just $544.2 million. That sounds like bad news, and explains the steep early sell-off at Unity. On the plus side, the stock already seems to be recovering. Unity Software sales and earnings And yet the news wasn't all bad. As Unity Software pointed out, its revenues may have missed estimates, and "we believe we can do better." Nevertheless, Unity did still grow its sales 69% year over year, which...isn't too shabby. Similarly, while management failed to deliver Wall Street's expected profit, it did cut its losses in half from the year-ago quarter. Net losses fell from $250 million to $125 million per generally accepted accounting principles (GAAP). And the negativity of the company's net profit margin improved significantly, from negative 77% a year ago to negative 23% this time around. Should you buy Unity Software stock? This means that Unity effectively flipped from burning cash to generating cash profit in Q3. And while management did not provide guidance through the end of this year, year to date, the company has generated $118 million in positive free cash flow, according to data from S&P Global Market Intelligence. If this trend continues, the company might generate as much as $157 million in free cash flow this year -- and deliver its first full year of positive free cash flow ever. Admittedly, at a current-year valuation of more than 61 times free cash flow, the stock isn't obviously cheap. Still, analysts polled by S&P think Unity Software will double its free-cash-flow number next year, then nearly double it again in 2025 -- putting the company at about $590 million in cash generation that year.
NYSE:ULong
by DEXWireNews
1
Gamers against Unity (Means opportunity)The chart pattern before the move to the upside on June reminds me of PLTR, but in this case it quickly retraced back to the origin. Fundamentals are that gamers are mad at Unity for being aggressive with their licensing fees, hurting indie game developer's earnings. Bad PR is sticky in the gaming industry so the perception of the company to the general public will remain negative for a while, whether you like that for longs or not is up to you.
NYSE:ULong
by Tilt-a-lot
$U - Can it bounce?NYSE:U On Oct 4 post, I mentioned that it has a risk of falling to $26. It is currently trading at a critical support level. If there is a reversal in the cards this is where it needs to bounce. The stock falls to all time low of $21.22 back in November 9, 2022 on the day of ER that marked the bottom. Well guess what? We are in November 2023 and ER is scheduled on November 9 and stock is trading around $25! Will it be the same this time? I think we should see a potential bounce soon. Upside targets: $27 $31 $34 $36.50 Downside risk: $24 to $21
NYSE:ULong
by PaperBozz
levels to manage Unity long-term positionCopy & Paste from the Verge: Unity has changed its pricing model, and game developers are pissed off: The news was met with fear, anger, and disgust from the game development community. The primary complaint is that these changes would be particularly harmful to solo, indie, marginalized, and mobile developers. Developers are also concerned these new fees could impact digital preservation efforts as now game makers are seemingly incentivized to delist older games so they aren’t charged for them. There’s also the question of how Unity plans on tracking installs and whether or not such tools run afoul of government privacy laws.
NYSE:U
by KhanhC.Hoang