With over 17.87 million Uber Technologies Inc (UBER) shares trading Friday and a closing price of $57.58 on the day, the dollar volume was approximately $1.03 billion. The shares have shown a positive half year performance of 34.19% and its price on 01/05/24 lost nearly -0.38%. Currently, there are 2.01B common shares owned by the public and among those 1.98B shares have been available to trade.
Insiders at the company have transacted a total of 482 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 229 of these insider trades were purchases, accounting for 805,534 shares. Insider sales of the common stock occurred on 253 occasions, with total insider shares sold totaling 1,106,533 shares.
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Shares of Uber Technologies Inc (NYSE: UBER) opened at $58.11, up $0.31 from a prior closing price of $57.80. However, the script later moved the day high at 58.51, down -0.38%. The company’s stock has a 5-day price change of -8.81% and 29.07% over the past three months. UBER shares are trading -6.48% year to date (YTD), with the 12-month market performance up to 122.23% higher. It has a 12-month low price of $25.40 and touched a high of $63.53 over the same period. UBER has an average intraday trading volume of 30.70 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 -6.07%, 4.47%, and 28.91% respectively.
Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 74.27% of the company’s 2.01B shares outstanding.
It has a market capitalization of $118.49B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 116.00, while the earnings-per-share (ttm) stands at $0.50. The company has a PEG of 5.01 and a Quick Ratio of 1.14 with the debt-to-equity ratio at 1.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.06% over the week and 2.49% over the month.
Analysts forecast that Uber Technologies Inc (UBER) will achieve an EPS of $0.16 for the current quarter, $0.21 for the next quarter and $1.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 108.13%, and 191.62% over the next financial year. EPS should grow at an annualized rate of 23.17% over the next five years, compared to -14.17% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 49 brokerage firm advisors rate Uber Technologies Inc (UBER) as a “Strong Buy” at a consensus score of 1.24. Specifically, 40 Wall Street analysts polled rate the stock as a buy, while 3 of the 49 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. Nomura stated their Neutral rating for the stock in a research note on December 29, 2023, with the firm’s price target at $59-$62.
