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The Most Promising Stocks for May 2021

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April was an eventful month. We had several earnings reports released, saw new all-time highs, and finally, we heard President Joe Biden’s tax proposals of increasing up to 43.6%. These were the main factors that have affected the prices the month, but some of them were just probably overreacted by the market. For example, the government is likely to increase taxes, but not by that much. It was simply a proposal and it will be in the background for the upcoming months.

All in all, April was an overall green month, which means that stocks have recovered successfully from the correction they suffered back in March. For May, analysts do expect to see the markets continuing in the upward mode. Let’s see which stocks could perform well and could be worth buying this month.

Source: Walletinvestor.com Magazine

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1. Unity Software Inc. [ U ]

Sector: Technology
Industry: Software – Application

Current price: $103.76 | 1 year: +17.22% | 5 years: +92.77%

Unity Software Inc. provides software solutions. The Company offers graphic tools to create, run, and monetize real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. Unity Software serves customers worldwide. It was founded in 2004 and is headquartered in San Francisco, California. 

Unity Software has a market cap of $28.9 billion with an enterprise value of $27.45 billion. Their price to sales ratio is 37.42. It is trading at $103.76 with a 52-week high of $174.94 and a 52-week low of $65.11. The stock has an average 10-day volume of $2.35 with outstanding shares of $273.45 million. The company is not yet profitable, but they are on the right track. They had a revenue of $772.44 million, which means a revenue per share of $4.55. Their quarterly revenue growth is 39.40%. They are sitting total cash of $1.75 billion and their current ratio is 4.14. Unity has a strong business model and has the potential to grow because of it.

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