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Is Unity Software Stock a Buy Now?

TheMotleyFool

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Is Unity Software Stock a Buy Now?: https://g.foolcdn.com/editorial/images/782196/friends-gaming-home.jpg

Unity Software's (NYSE: U) stock has declined more than 60% over the past 12 months. The game engine provider repeatedly disappointed investors with its decelerating growth, persistent losses, and murky plans for the future.

But after that steep decline, Unity trades at just 4 times this year's sales and 17 times its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Should you buy this out-of-favor growth stock as a turnaround play?

Image source: Getty Images.

Source Fool.com

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