Uber Technologies Inc. (NYSE:UBER) went up by 6.55% from its latest closing price compared to the recent 1-year high of $52.36. The company’s stock price has collected -8.05% of loss in the last five trading sessions. The Wall Street Journal reported on 05/27/22 that Uber and Lyft’s New Road: Fewer Drivers, Thrifty Riders and Jittery Investors
Is It Worth Investing in Uber Technologies Inc. (NYSE :UBER) Right Now?
Opinions of the stock are interesting as 35 analysts out of 44 who provided ratings for Uber Technologies Inc. declared the stock was a “buy,” while 4 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $48.79, which is $28.55 above the current price. UBER currently public float of 1.95B and currently shorts hold a 3.81% ratio of that float. Today, the average trading volume of UBER was 34.37M shares.
UBER’s Market Performance
UBER stocks went down by -8.05% for the week, with a monthly drop of -2.89% and a quarterly performance of -34.62%, while its annual performance rate touched -56.12%. The volatility ratio for the week stands at 6.06% while the volatility levels for the past 30 days are set at 5.90% for Uber Technologies Inc. The simple moving average for the period of the last 20 days is -6.38% for UBER stocks with a simple moving average of -40.42% for the last 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with Bernstein repeating the rating for UBER by listing it as a “Outperform.” The predicted price for UBER in the upcoming period, according to Bernstein is $35 based on the research report published on May 24th of the current year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see UBER reach a price target of $50, previously predicting the price at $78. The rating they have provided for UBER stocks is “Buy” according to the report published on April 20th, 2022.
Deutsche Bank gave a rating of “Buy” to UBER, setting the target price at $50 in the report published on March 11th of the current year.
UBER Trading at -18.69% from the 50-Day Moving Average
After a stumble in the market that brought UBER to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.35% of loss for the given period.
Volatility was left at 5.90%, however, over the last 30 days, the volatility rate increased by 6.06%, as shares sank -6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.72% lower at present.
During the last 5 trading sessions, UBER fell by -8.05%, which changed the moving average for the period of 200-days by -46.31% in comparison to the 20-day moving average, which settled at $23.23. In addition, Uber Technologies Inc. saw -47.98% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at UBER starting from KHOSROWSHAHI DARA, who purchase 200,000 shares at the price of $26.73 back on May 06. After this action, KHOSROWSHAHI DARA now owns 1,420,968 shares of Uber Technologies Inc., valued at $5,345,520 using the latest closing price.
KHOSROWSHAHI DARA, the Chief Executive Officer of Uber Technologies Inc., purchase 200,000 shares at $44.92 during a trade that took place back on Nov 15, which means that KHOSROWSHAHI DARA is holding 1,178,200 shares at $8,984,540 based on the most recent closing price.
Stock Fundamentals for UBER
Current profitability levels for the company are sitting at:
- -21.74 for the present operating margin
- +31.92 for the gross margin
The net margin for Uber Technologies Inc. stands at -2.84. Equity return is now at value -49.10, with -17.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.