With over 15.01 million Uber Technologies Inc. (UBER) shares trading Monday and a closing price of $46.51 on the day, the dollar volume was approximately $698.28 million. The shares have shown a positive half year performance of 46.35% and its price on 09/18/23 lost nearly -2.13%. Currently, there are 2.04B common shares owned by the public and among those 2.03B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 47 analysts who have offered their price forecasts for UBER have a consensus price objective of $58.38. The analysts have set the share’s price value over the next 12 months at a high of $75.00 and a low of $45.00. The average price target is 18.52% above its recent price level and a downside to the estimated low will see the stock lose -3.36% over that period. But an upside of 37.99% will see the stock hit the forecast high price target while median target price for the stock is $58.00.
Insiders at the company have transacted a total of 512 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 240 of these insider trades were purchases, accounting for 828,450 shares. Insider sales of the common stock occurred on 272 occasions, with total insider shares sold totaling 877,697 shares.
Shares of Uber Technologies Inc. (NYSE: UBER) opened at $47.30, down -$0.22 from a prior closing price of $47.52. However, the script later moved the day high at 47.35, down -2.13%. The company’s stock has a 5-day price change of -4.97% and 6.87% over the past three months. UBER shares are trading 88.07% year to date (YTD), with the 12-month market performance up to 40.39% higher. It has a 12-month low price of $22.94 and touched a high of $49.49 over the same period. UBER has an average intraday trading volume of 20.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.61%, 1.41%, and 27.46% respectively.
Institutional ownership of Uber Technologies Inc. (NYSE: UBER) shares accounts for 73.90% of the company’s 2.04B shares outstanding.
It has a market capitalization of $96.64B and a beta (3y monthly) value of 1.23. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.26% over the week and 2.66% over the month.
Analysts forecast that Uber Technologies Inc. (UBER) will achieve an EPS of $0.12 for the current quarter, $0.16 for the next quarter and $1.06 for 2024. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.35. Comparatively, EPS for the current quarter was -$0.61 a year ago. Earnings per share for the fiscal year are expected to increase by 107.50%, and 204.58% over the next financial year. EPS should grow at an annualized rate of 23.17% over the next five years, compared to -10.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 47 brokerage firm advisors rate Uber Technologies Inc. (UBER) as a “Strong Buy” at a consensus score of 1.80. Specifically, 39 Wall Street analysts polled rate the stock as a buy, while 3 of the 47 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the UBER, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on August 01, 2023, with the firm’s price target at $55-$60.