Moreover, the 36-month beta value for UBER is 1.22. Analysts have varying opinions on the stock, with 35 analysts rating it as a “buy,” 6 as “overweight,” 3 as “hold,” and 2 as “sell.”
The average price recommended by analysts for Uber Technologies Inc. (UBER) is $47.55, which is $15.42 above the current market price. The public float for UBER is 1.99B and currently, short sellers hold a 2.80% of that float. On March 16, 2023, UBER’s average trading volume was 24.88M shares.
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UBER) stock’s latest price update
Uber Technologies Inc. (NYSE: UBER)’s stock price has increased by 0.50 compared to its previous closing price of 31.97. however, the company has experienced a -0.59% decrease in its stock price over the last five trading days. The Wall Street Journal reported on 03/13/23 that Court Ruling Hands Victory to Uber, Lyft
UBER’s Market Performance
Uber Technologies Inc. (UBER) has experienced a -0.59% fall in stock performance for the past week, with a -8.80% drop in the past month, and a 19.09% rise in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 3.77% for UBER. The simple moving average for the last 20 days is -4.45% for UBER stock, with a simple moving average of 14.59% for the last 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with MoffettNathanson repeating the rating for UBER by listing it as a “Outperform.” The predicted price for UBER in the upcoming period, according to MoffettNathanson is $47 based on the research report published on January 30th of the current year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see UBER reach a price target of $33, previously predicting the price at $31. The rating they have provided for UBER stocks is “Overweight” according to the report published on January 09th, 2023.
Jefferies gave a rating of “Buy” to UBER, setting the target price at $38 in the report published on January 09th of the current year.
UBER Trading at 1.08% 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 -14.50% of loss for the given period.
Volatility was left at 3.77%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares sank -11.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.11% upper at present.
During the last 5 trading sessions, UBER fell by -0.26%, which changed the moving average for the period of 200 days by +36.19% in comparison to the 20-day moving average, which settled at $33.43. In addition, Uber Technologies Inc. saw 29.92% in overturns over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at UBER starting from West Tony, who sold 4,167 shares at the price of $32.54 back on Feb 02. After this action, West Tony now owns 166,973 shares of Uber Technologies Inc., valued at $135,594 using the latest closing price.
Hazelbaker Jill sale 63,100 shares at $31.02 during a trade that took place back on Nov 15, which means that Hazelbaker Jill is holding 80,750 shares at $1,957,362 based on the most recent closing price.
Stock Fundamentals for UBER
Current profitability levels for the company are sitting at:
- -3.29 for the present operating margin
- +28.69 for the gross margin
The net margin for Uber Technologies Inc. stands at -28.68. Equity return is now at value -125.40, with -28.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To wrap up, the performance of Uber Technologies Inc. (UBER) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
