Uber Technologies Inc (NYSE: UBER) – Suitable For Long Term Buy?

Currently, there are 2.10B 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 -9.32% and -16.21% over the past three months. UBER shares are trading -2.66% year to date (YTD), with the 12-month market performance down to -3.29% lower. It has a 12-month low price of $54.84 and touched a high of $87.00 over the same period. UBER has an average intraday trading volume of 20.54 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 -12.64%, -18.56%, and -16.50% respectively.

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Institutional ownership of Uber Technologies Inc (NYSE: UBER) shares accounts for 79.61% of the company’s 2.10B shares outstanding.

It has a market capitalization of $123.15B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 29.33, while the earnings-per-share (ttm) stands at $2.04. The company has a PEG of 0.72 and a Quick Ratio of 1.41 with the debt-to-equity ratio at 0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.76% over the week and 3.47% over the month.

Earnings per share for the fiscal year are expected to increase by 108.20%, and 31.29% over the next financial year.

Daiwa Securities was of a view on October 17, 2024 that the stock is Neutral, while Truist gave the stock Buy rating on October 07, 2024, issuing a price target of $88- $99. Raymond James on their part issued Strong Buy rating on September 24, 2024.

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