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Daily High to Daily Low: Is It Safe to Buy Uber Technologies Inc. (UBER)?

Uber Technologies Inc. (NYSE:UBER) went up by 2.53% from its latest closing price compared to the recent 1-year high of $45.90. The company’s stock price has collected -4.16% of loss in the last five trading sessions. Barron’s reported on 11/08/22 that Lyft Stock Tumbles on Growth Concerns. Uber Casts a Shadow.

Is It Worth Investing in Uber Technologies Inc. (NYSE :UBER) Right Now?

Plus, the 36-month beta value for UBER is at 1.13. Opinions of the stock are interesting as 36 analysts out of 45 who provided ratings for Uber Technologies Inc. declared the stock was a “buy,” while 5 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $46.43, which is $17.34 above the current price. UBER currently public float of 1.98B and currently shorts hold a 2.37% ratio of that float. Today, the average trading volume of UBER was 26.59M shares.

UBER’s Market Performance

UBER stocks went down by -4.16% for the week, with a monthly jump of 1.52% and a quarterly performance of -2.80%, while its annual performance rate touched -32.54%. The volatility ratio for the week stands at 3.08% while the volatility levels for the past 30 days are set at 4.69% for Uber Technologies Inc. The simple moving average for the period of the last 20 days is 0.96% for UBER stocks with a simple moving average of 1.00% for the last 200 days.

Analysts’ Opinion of UBER

Many brokerage firms have already submitted their reports for UBER stocks, with Raymond James repeating the rating for UBER by listing it as a “Outperform.” The predicted price for UBER in the upcoming period, according to Raymond James is $38 based on the research report published on August 03rd of the current year 2022.

Wedbush gave a rating of “Outperform” to UBER, setting the target price at $38 in the report published on June 29th of the current year.

UBER Trading at 1.56% 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 -37.28% of loss for the given period.

Volatility was left at 4.69%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +2.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.89% lower at present.

During the last 5 trading sessions, UBER fell by -4.16%, which changed the moving average for the period of 200-days by -24.91% in comparison to the 20-day moving average, which settled at $28.54. In addition, Uber Technologies Inc. saw -31.34% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at UBER starting from Hazelbaker Jill, who sale 63,100 shares at the price of $31.02 back on Nov 15. After this action, Hazelbaker Jill now owns 80,750 shares of Uber Technologies Inc., valued at $1,957,362 using the latest closing price.

Hazelbaker Jill, the of Uber Technologies Inc., sale 50,000 shares at $30.01 during a trade that took place back on Nov 11, which means that Hazelbaker Jill is holding 145,750 shares at $1,500,500 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 -97.50, with -26.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.