The stock price of Uber Technologies Inc (NYSE: UBER) has plunged by -2.95 when compared to previous closing price of 71.30, but the company has seen a -8.08% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-21 that While revenge travel may be a fading concept, consumers still value accruing their vacation hours, potentially boding well for certain travel stocks to buy now. According to a Deloitte report, we may be moving into a new era of travel prioritization.
Is It Worth Investing in Uber Technologies Inc (NYSE: UBER) Right Now?
Uber Technologies Inc (NYSE: UBER) has a price-to-earnings ratio that is above its average at 78.89x. The stock has a 36-month beta value of 1.36. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UBER is 2.00B, and at present, short sellers hold a 2.71% of that float. On April 22, 2024, the average trading volume of UBER was 18.42M shares.
UBER’s Market Performance
UBER’s stock has seen a -8.08% decrease for the week, with a -12.00% drop in the past month and a 6.28% gain in the past quarter. The volatility ratio for the week is 4.32%, and the volatility levels for the past 30 days are at 3.16% for Uber Technologies Inc The simple moving average for the past 20 days is -9.06% for UBER’s stock, with a 19.74% simple moving average for the past 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with BTIG Research repeating the rating for UBER by listing it as a “Buy.” The predicted price for UBER in the upcoming period, according to BTIG Research is $90 based on the research report published on February 22, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see UBER reach a price target of $90, previously predicting the price at $71. The rating they have provided for UBER stocks is “Buy” according to the report published on February 08th, 2024.
Gordon Haskett gave a rating of “Hold” to UBER, setting the target price at $66 in the report published on January 24th of the current year.
UBER Trading at -9.73% 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 -15.75% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 4.32%, as shares sank -13.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.05% lower at present.
During the last 5 trading sessions, UBER fell by -8.08%, which changed the moving average for the period of 200-days by +58.50% in comparison to the 20-day moving average, which settled at $75.54. In addition, Uber Technologies Inc saw 12.39% in overturn 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 Hazelbaker Jill, who sale 20,000 shares at the price of $77.83 back on Feb 14 ’24. After this action, Hazelbaker Jill now owns 107,290 shares of Uber Technologies Inc, valued at $1,556,674 using the latest closing price.
West Tony, the of Uber Technologies Inc, sale 18,750 shares at $70.08 during a trade that took place back on Feb 12 ’24, which means that West Tony is holding 185,566 shares at $1,313,926 based on the most recent closing price.
Stock Fundamentals for UBER
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.4 for the gross margin
The net margin for Uber Technologies Inc stands at 0.05. The total capital return value is set at 0.04. Equity return is now at value 20.30, with 5.33 for asset returns.
Based on Uber Technologies Inc (UBER), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 3.64.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 2.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 9.05for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
To sum up, Uber Technologies Inc (UBER) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
