Unity Bancorp Stock Price on April 16, 2024
| UNTY Stock | USD 27.44 0.17 0.62% |
Below is the normalized historical share price chart for Unity Bancorp extending back to November 21, 1995. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Unity Bancorp stands at 27.44, as last reported on the 3rd of May, with the highest price reaching 27.54 and the lowest price hitting 27.22 during the day.
If you're considering investing in Unity Stock, it is important to understand the factors that can impact its price. We consider Unity Bancorp very steady. Unity Bancorp owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0292, which indicates the firm had a 0.0292% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Unity Bancorp, which you can use to evaluate the volatility of the company. Please validate Unity Bancorp's Variance of 5.52, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,857) to confirm if the risk estimate we provide is consistent with the expected return of 0.0645%.
At this time, Unity Bancorp's Total Stockholder Equity is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 2.7 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 9.2 M in 2024. . At this time, Unity Bancorp's Price Earnings Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 1.40 in 2024, whereas Price To Sales Ratio is likely to drop 1.82 in 2024. Unity Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of January 1997 | 200 Day MA 26.3218 | 50 Day MA 27.2238 | Beta 1.058 |
Unity |
Sharpe Ratio = 0.0292
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| Cash | Small Risk | UNTY | High Risk | Huge Risk |
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Estimated Market Risk
| 2.21 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Unity Bancorp is performing at about 2% of its full potential. 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 Bancorp by adding it to a well-diversified portfolio.
Price Book 1.0097 | Price Sales 2.6484 | Shares Float 6.2 M | Dividend Share 0.49 | Wall Street Target Price 33.33 |
Unity Bancorp Main Headline on 16th of April 2024
Unity Bancorp First Quarter 2024 Earnings EPS Beats Expectat... by simplywall.st
Unity Bancorp First Quarter 2024 Results Key Financial Results Revenue US24.9m down 1.2 percent from 1Q...
Unity Bancorp Valuation on April 16, 2024
It is possible to determine the worth of Unity Bancorp on a given historical date. On April 16, 2024 Unity was worth 26.26 at the beginning of the trading date compared to the closed value of 26.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Unity Bancorp stock. Still, in general, we apply an absolute valuation method to find Unity Bancorp'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 Bancorp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Unity Bancorp's related companies.
| Open | High | Low | Close | Volume | |
| 26.34 | 26.70 | 26.33 | 26.43 | 16,085 | |
04/16/2024 | 26.26 | 26.45 | 26.26 | 26.40 | 5,461 |
| 26.38 | 26.47 | 26.28 | 26.28 | 25,653 |
| Backtest Unity Bancorp | | | Unity Bancorp History | | | Unity Bancorp Valuation | Previous | Next |
Unity Bancorp Trading Date Momentum on April 16, 2024
| On April 17 2024 Unity Bancorp was traded for 26.28 at the closing time. The top price for the day was 26.47 and the lowest listed price was 26.28 . The trading volume for the day was 25.7 K. The trading history from April 17, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.45% . The trading price change against the current closing price is 3.22% . |
Unity Bancorp Fundamentals Correlations and Trends
By evaluating Unity Bancorp'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 Bancorp'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 Bancorp Stock history
Unity Bancorp 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 Bancorp 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 Bancorp stock prices may prove useful in developing a viable investing in Unity Bancorp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 10.3 M | 9.2 M | |
| Net Income Applicable To Common Shares | 44.2 M | 46.4 M |
Unity Bancorp Stock Technical Analysis
Unity Bancorp 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 Bancorp Period Price Range
Low | April 16, 2024
| High |
26.26 | 26.40 |
Unity Bancorp May 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Unity Bancorp 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 Bancorp shares will generate the highest return on investment. By undertsting and applying Unity Bancorp stock market strength indicators, traders can identify Unity Bancorp entry and exit signals to maximize returns
| Accumulation Distribution | 39.23 | |||
| Daily Balance Of Power | 0.7368 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 26.36 | |||
| Day Typical Price | 26.37 | |||
| Price Action Indicator | 0.11 | |||
| Period Momentum Indicator | 1.04 |
Unity Bancorp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Unity Bancorp'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 | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.06) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unity Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Unity Stock please use our How to Invest in Unity Bancorp guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Unity Stock analysis
When running Unity Bancorp's price analysis, check to measure Unity Bancorp'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 Bancorp is operating at the current time. Most of Unity Bancorp's value examination focuses on studying past and present price action to predict the probability of Unity Bancorp'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 Bancorp's price. Additionally, you may evaluate how the addition of Unity Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is Unity Bancorp'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 Bancorp. 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 Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 0.49 | Earnings Share 3.81 | Revenue Per Share 9.864 | Quarterly Revenue Growth (0.01) |
The market value of Unity Bancorp 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 Bancorp's value that differs from its market value or its book value, called intrinsic value, which is Unity Bancorp'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 Bancorp's market value can be influenced by many factors that don't directly affect Unity Bancorp'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 Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Unity Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Unity Bancorp'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.