Tuesday, December 1, 2020

Uber Technologies Inc. [UBER] is 8.41% higher this YTD. Is it still time to buy?

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Uber Technologies Inc. [NYSE: UBER] price surged by 3.67 percent to reach at $1.14. A sum of 27115031 shares traded at recent session while its average daily volume was at 37.33M shares. Uber Technologies Inc. shares reached a high of $32.74 and dropped to a low of $31.04 until finishing in the latest session at $32.24.

The one-year UBER stock forecast points to a potential upside of 20.18. The average equity rating for UBER stock is currently 1.90, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Uber Technologies Inc. [UBER]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UBER shares is $40.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UBER stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Uber Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 11, 2020. The new note on the price target was released on May 26, 2020, representing the official price target for Uber Technologies Inc. stock. On March 20, 2020, analysts decreased their price target for UBER shares from 45 to 41.

The Average True Range (ATR) for Uber Technologies Inc. is set at 1.96, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 3.70. The Price to Book ratio for the last quarter was 4.90, with the Price to Cash per share for the same quarter was set at 5.38.

UBER Stock Performance Analysis:

Uber Technologies Inc. [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.36. With this latest performance, UBER shares dropped by -2.36% in over the last four-week period, additionally plugging by 13.44% over the last 6 months – not to mention a drop of -27.24% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UBER stock in for the last two-week period is set at 44.66, with the RSI for the last a single of trading hit 37.64, and the three-weeks RSI is set at 48.17 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 31.12, while it was recorded at 34.37 for the last single week of trading, and 31.35 for the last 200 days.

Insight into Uber Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Uber Technologies Inc. [UBER] shares currently have an operating margin of -60.36 and a Gross Margin at +30.82. Uber Technologies Inc.’s Net Margin is presently recorded at -60.13.

Return on Total Capital for UBER is now -43.58, given the latest momentum, and Return on Invested Capital for the company is -45.23. Return on Equity for this stock declined to -81.08, with Return on Assets sitting at -30.52. When it comes to the capital structure of this company, Uber Technologies Inc. [UBER] has a Total Debt to Total Equity ratio set at 54.24. Additionally, UBER Total Debt to Total Capital is recorded at 35.16, with Total Debt to Total Assets ending up at 24.23. Long-Term Debt to Equity for the company is recorded at 51.50, with the Long-Term Debt to Total Capital now at 33.39.

Reflecting on the efficiency of the workforce at the company, Uber Technologies Inc. [UBER] managed to generate an average of -$316,208 per employee. Receivables Turnover for the company is 9.50 with a Total Asset Turnover recorded at a value of 0.51.Uber Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

UBER Stock EPS

With the latest financial reports released by the company, Uber Technologies Inc. posted -4.72/share EPS, while the average EPS was predicted by analysts to be reported at -3.19/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -48.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UBER. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Uber Technologies Inc. go to 58.70%.

Uber Technologies Inc. [UBER] Insider Position Details

There are presently around $36,010 million, or 64.40% of UBER stock, in the hands of institutional investors. The top three institutional holders of UBER stocks are: SB INVESTMENT ADVISERS (UK) LTD with ownership of 222,228,178, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; FMR LLC, holding 82,277,068 shares of the stock with an approximate value of $2.65 billion in UBER stocks shares; and MORGAN STANLEY, currently with $2.52 billion in UBER stock with ownership of nearly 46.477% of the company’s market capitalization.

Positions in Uber Technologies Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 511 institutional holders increased their position in Uber Technologies Inc. [NYSE:UBER] by around 255,788,369 shares. Additionally, 288 investors decreased positions by around 148,062,186 shares, while 56 investors held positions by with 713,087,286 shares. The mentioned changes placed institutional holdings at 1,116,937,841 shares, according to the latest SEC report filing. UBER stock had 219 new institutional investments in for a total of 96,364,862 shares, while 129 institutional investors sold positions of 36,680,112 shares during the same period.

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