Uber Technologies Inc (NYSE: UBER) has seen a decline in its stock price by -1.05 in relation to its previous close of 79.90. However, the company has experienced a -8.43% decline in its stock price over the last five trading sessions. youtube.com reported 2024-10-18 that Bradley Tusk, Tusk Ventures CEO, joins ‘Squawk Box’ to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more.
Is It Worth Investing in Uber Technologies Inc (NYSE: UBER) Right Now?
Uber Technologies Inc (NYSE: UBER) has a price-to-earnings ratio of 85.06x that is above its average ratio. Additionally, the 36-month beta value for UBER is 1.33. There are mixed opinions on the stock, with 33 analysts rating it as a “buy,” 10 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for UBER is 2.02B and currently, short sellers hold a 2.61% ratio of that float. The average trading volume of UBER on October 18, 2024 was 16.07M shares.
UBER’s Market Performance
The stock of Uber Technologies Inc (UBER) has seen a -8.43% decrease in the past week, with a 5.02% rise in the past month, and a 16.73% gain in the past quarter. The volatility ratio for the week is 3.07%, and the volatility levels for the past 30 days are at 2.46% for UBER. The simple moving average for the last 20 days is 1.81% for UBER stock, with a simple moving average of 11.02% for the last 200 days.
Analysts’ Opinion of UBER
Many brokerage firms have already submitted their reports for UBER stocks, with Daiwa Securities repeating the rating for UBER by listing it as a “Neutral.” The predicted price for UBER in the upcoming period, according to Daiwa Securities is $84 based on the research report published on October 17, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see UBER reach a price target of $99, previously predicting the price at $88. The rating they have provided for UBER stocks is “Buy” according to the report published on October 07th, 2024.
Raymond James gave a rating of “Strong Buy” to UBER, setting the target price at $90 in the report published on September 24th of the current year.
UBER Trading at 6.54% 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 -9.13% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares surge +7.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.90% upper at present.
During the last 5 trading sessions, UBER fell by -8.17%, which changed the moving average for the period of 200-days by +36.12% in comparison to the 20-day moving average, which settled at $77.67. In addition, Uber Technologies Inc saw 28.41% 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 40,000 shares at the price of $72.00 back on Sep 16 ’24. After this action, Hazelbaker Jill now owns 127,352 shares of Uber Technologies Inc, valued at $2,880,044 using the latest closing price.
Jill Hazelbaker, the Officer of Uber Technologies Inc, proposed sale 138,115 shares at $65.54 during a trade that took place back on Aug 08 ’24, which means that Jill Hazelbaker is holding shares at $9,052,057 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 0.52. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 3.7.
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 4.29. The receivables turnover for the company is 9.16for 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
