Uber Technologies Inc (NYSE: UBER): Stock That Needs Special Handling

Currently, there are 2.07B common shares owned by the public and among those 2.00B shares have been available to trade.

However, the script later moved the day high at 75.82, down -1.18%. The company’s stock has a 5-day price change of -2.44% and 18.61% over the past three months. UBER shares are trading 22.27% year to date (YTD), with the 12-month market performance up to 146.09% higher. It has a 12-month low price of $29.22 and touched a high of $82.14 over the same period. UBER has an average intraday trading volume of 18.91 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 -2.30%, -1.12%, and 31.96% respectively.

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Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 79.37% of the company’s 2.07B shares outstanding.

It has a market capitalization of $156.70B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 85.82, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.83 and a Quick Ratio of 1.19 with the debt-to-equity ratio at 1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.71% over the week and 2.90% over the month.

Earnings per share for the fiscal year are expected to increase by 44.57%, and 59.34% over the next financial year.

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 February 22, 2024, with the firm’s price target at $80-$90. Needham coverage for the Uber Technologies Inc (UBER) stock in a research note released on February 08, 2024 offered a Buy rating with a price target of $90. Gordon Haskett was of a view on January 24, 2024 that the stock is Hold, while Needham gave the stock Buy rating on January 22, 2024, issuing a price target of $63- $71. BMO Capital Markets on their part issued Outperform rating on January 09, 2024.

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