Shares of Unity Biotechnology (NASDAQ: UBX) fell over 63% today after the company announced disappointing results from a clinical trial involving its lead drug candidate, UBX0101. At the 12-week mark of a phase 2 study, the pipeline asset failed to meet its primary endpoint in alleviating moderate to severe painful osteoarthritis (OA) of the knee.
Full Answer
Why is Unity software stock down?
Jan 04, 2022 · Shares of Unity Software ( U -7.55%) plunged 17.1% in December, according to data provided by S&P Global Market Intelligence. A large portion of this drop occurred immediately after the company ...
Why did unity stock fall 5% in August?
Feb 04, 2022 · Unity was a losing investment in January likely because investors have soured on stocks with high valuations. Throughout January, Unity had positive business developments and investors recognize...
Is Unity Technologies a high-valuation growth stock to buy?
Mar 03, 2021 · Unity Software reported revenue of $220 million, up 39% year over year. But investors were likely more focused on the deceleration in revenue growth over previous quarters, where fourth-quarter ...
Can unity stock continue to grow revenue in 2022?
Dec 03, 2021 · The decline in Unity's stock price could also have had something to do with its valuation. It hit an all-time high during November and was trading at around 55 times sales -- …
What happened
Shares of Unity Software ( NYSE:U) lost 28.2% in value last month, according to data provided by S&P Global Market Intelligence .
So what
Unity Software reported revenue of $220 million, up 39% year over year. But investors were likely more focused on the deceleration in revenue growth over previous quarters, where fourth-quarter growth was below the full-year increase of 43%.
Now what
Management's outlook for 2021 overshadowed the improvement on the bottom line. Guidance calls for full-year revenue to come in between $950 million and $970 million. That represents year-over-year growth of just 24% at the midpoint, which raises concerns about Unity's valuation.
What happened
Shares of Unity Software ( NYSE:U), a tech company that provides a platform for creating, running, and monetizing creative games, saw its stock fall 14% on Friday.
So what
Unity reported Q4 revenue of $220 million, up 39% year over year. Analysts, on average, were expecting revenue of $204 million. Perhaps explaining why the market may be disappointed, this growth was a significant slowdown from Unity's 53.3% revenue growth in the third quarter.
