Uber Technologies Inc (NYSE: UBER) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 2.07B common shares owned by the public and among those 2.02B shares have been available to trade.

The company’s stock has a 5-day price change of 16.19% and 0.90% over the past three months. UBER shares are trading 11.32% year to date (YTD), with the 12-month market performance up to 55.38% 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 17.58 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 3.69%, 0.59%, and 3.27% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 80.92% of the company’s 2.07B shares outstanding.

It has a market capitalization of $144.00B and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 73.74, while the earnings-per-share (ttm) stands at $0.93. The company has a PEG of 1.57 and a Quick Ratio of 1.21 with the debt-to-equity ratio at 0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.49% over the week and 4.29% over the month.

Analysts forecast that Uber Technologies Inc (UBER) will achieve an EPS of 0.38 for the current quarter, 0.47 for the next quarter and 2.23 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.28 while analysts give the company a high EPS estimate of 0.28. Comparatively, EPS for the current quarter was 0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 20.82%, and 112.25% over the next financial year.

Looking at the support for the UBER, a number of firms have released research notes about the stock. Melius stated their Hold rating for the stock in a research note on July 22, 2024, with the firm’s price target at $77. Wolfe Research coverage for the Uber Technologies Inc (UBER) stock in a research note released on July 16, 2024 offered a Outperform rating with a price target of $90. BTIG Research was of a view on February 22, 2024 that the stock is Buy, while Needham gave the stock Buy rating on February 08, 2024, issuing a price target of $71- $90. Gordon Haskett on their part issued Hold rating on January 24, 2024.

Most Popular

Related Posts