Reassessing The Changing Outlook For Uber Technologies Inc (UBER)

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 0.60% and 5.71% over the past three months. UBER shares are trading 22.07% year to date (YTD), with the 12-month market performance up to 62.90% 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 15.49 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 3.27%, 7.15%, and 7.41% respectively.

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Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 79.42% of the company’s 2.07B shares outstanding.

It has a market capitalization of $157.91B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 80.86, while the earnings-per-share (ttm) stands at $0.93. The company has a PEG of 1.72 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 2.36% over the week and 2.83% over the month.

Earnings per share for the fiscal year are expected to increase by 24.13%, and 110.99% over the next financial year.

Looking at the support for the UBER, a number of firms have released research notes about the stock. Raymond James stated their Strong Buy rating for the stock in a research note on September 24, 2024, with the firm’s price target at $90. Cantor Fitzgerald coverage for the Uber Technologies Inc (UBER) stock in a research note released on September 05, 2024 offered a Overweight rating with a price target of $90. Melius was of a view on July 22, 2024 that the stock is Hold, while Wolfe Research gave the stock Outperform rating on July 16, 2024, issuing a price target of $90. BTIG Research on their part issued Buy rating on February 22, 2024.

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