Bet on metaverse now? 📲
Unity - company provides its own engine for creating games with virtual reality support.
For example, almost all multiplayer cryptocurrency games are made on the Unity engine:
SANDUSDT , 
AXSUSDT , DAR, MANA and others.Also, a huge number of games without the use of blockchain technologies.
This tells us about the growing demand for services of this company.
From the historical maximum, the stock has already fallen by -85%!
The company is currently unprofitable, but revenue is growing at a good pace.
Company's P/S multiplier is normal: P/S~7.
The company is expected to reach net income next year: Forward P/e ~33.
Should you buy Unity stock now?
According to technical analysis, stock has been moving sideways for a year now.
During this time, volumes of paper have grown, which means that investors are accumulating shares.
However, there are no insider buying yet, which means we haven't seen great prices yet.
📊 Outcome:
According to fundamental analysis, the business still looks bad, but the Unity direction is very promising.
According to technical analysis, the paper looks attractive for long-term purchases, but we can still see a lower price.
Ticker:
U ❇️ Forecast "optimistic in long term"
💵 Recommended buy prices: $25, $21, $16
💰 Volume per idea: up to 1.5% of the deposit
🎯 Goals: $45, $58, $76
📈 Growth potential up: to 150% by the end of 2023.
📉 Potential to drop up: to 50% by the end of summer.
Write in the comments on what other assets you want to get an analysis 🔍
If you are interested in receiving promising ideas on market, dont forget subscribe to channel! In profile you will find a lot of interesting things.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.