Uber Technologies Inc (NYSE: UBER) has a higher price-to-earnings ratio of 73.42x compared to its average ratio, The 36-month beta value for UBER is at 1.29. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for UBER is 2.02B, and currently, shorts hold a 2.44% of that float. The average trading volume for UBER on August 09, 2024 was 17.58M shares.
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UBER) stock’s latest price update
Uber Technologies Inc (NYSE: UBER)’s stock price has decreased by -1.11 compared to its previous closing price of 69.01. However, the company has seen a 15.69% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-08-09 that Riding-sharing leader Uber Technologies (NYSE: UBER ) returned to profitability in the second quarter, easily beating Wall Street’s top and bottom line estimates on Tuesday. Even during Monday’s market meltdown and the yo-yo ride the stock market has been on afterward, Uber stock has remained strong.
UBER’s Market Performance
UBER’s stock has risen by 15.69% in the past week, with a monthly drop of -7.19% and a quarterly rise of 0.46%. The volatility ratio for the week is 5.97% while the volatility levels for the last 30 days are 4.51% for Uber Technologies Inc The simple moving average for the last 20 days is 3.25% for UBER stock, with a simple moving average of 2.83% for the last 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with Melius repeating the rating for UBER by listing it as a “Hold.” The predicted price for UBER in the upcoming period, according to Melius is $77 based on the research report published on July 22, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see UBER reach a price target of $90. The rating they have provided for UBER stocks is “Outperform” according to the report published on July 16th, 2024.
BTIG Research gave a rating of “Buy” to UBER, setting the target price at $90 in the report published on February 22nd of the current year.
UBER Trading at 0.16% 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 -16.92% of loss for the given period.
Volatility was left at 4.51%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -6.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.50% upper at present.
During the last 5 trading sessions, UBER rose by +15.02%, which changed the moving average for the period of 200-days by +57.64% in comparison to the 20-day moving average, which settled at $65.87. In addition, Uber Technologies Inc saw 10.84% 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 Jill Hazelbaker, who proposed sale 138,115 shares at the price of $65.54 back on Aug 08 ’24. After this action, Jill Hazelbaker now owns shares of Uber Technologies Inc, valued at $9,052,057 using the latest closing price.
KHOSROWSHAHI DARA, the Chief Executive Officer of Uber Technologies Inc, sale 500,000 shares at $71.91 during a trade that took place back on Jul 15 ’24, which means that KHOSROWSHAHI DARA is holding 1,266,114 shares at $35,957,114 based on the most recent closing price.
Stock Fundamentals for UBER
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.37 for the gross margin
The net margin for Uber Technologies Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 19.14, with 5.32 for asset returns.
Based on Uber Technologies Inc (UBER), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 6.81.
Currently, EBITDA for the company is 2.22 billion with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 3.71. The receivables turnover for the company is 10.59for 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 1.21.
Conclusion
In conclusion, Uber Technologies Inc (UBER) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
