Stick With Uber Technologies Inc (UBER). The Bull Are Alive And Well

Currently, there are 2.07B common shares owned by the public and among those 2.01B shares have been available to trade.

The company’s stock has a 5-day price change of -7.07% and -5.60% over the past three months. UBER shares are trading 9.32% year to date (YTD), with the 12-month market performance up to 42.85% higher. It has a 12-month low price of $40.09 and touched a high of $82.14 over the same period. UBER has an average intraday trading volume of 18.44 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 -5.18%, -1.76%, and 3.74% respectively.

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Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 78.94% of the company’s 2.07B shares outstanding.

It has a market capitalization of $140.65B and a beta (3y monthly) value of 1.36. The stock’s trailing 12-month PE ratio is 105.06, while the earnings-per-share (ttm) stands at $0.64. The company has a PEG of 2.24 and a Quick Ratio of 1.21 with the debt-to-equity ratio at 1.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.23% over the week and 3.15% over the month.

Earnings per share for the fiscal year are expected to increase by 0.74%, and 142.51% over the next financial year.

Looking at the support for the UBER, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 16, 2024, with the firm’s price target at $90. BTIG Research coverage for the Uber Technologies Inc (UBER) stock in a research note released on February 22, 2024 offered a Buy rating with a price target of $90. Needham was of a view on February 08, 2024 that the stock is Buy, while Gordon Haskett gave the stock Hold rating on January 24, 2024, issuing a price target of $66. Needham on their part issued Buy rating on January 22, 2024.

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