Wall Street Analyst Initiated Uber Technologies Inc. [UBER]. What else is Wall St. saying

Uber Technologies Inc. [NYSE: UBER] closed the trading session at $57.61 on 04/26/21. The day’s price range saw the stock hit a low of $57.33, while the highest price level was $58.36. The company report on April 26, 2021 that Uber and empowerDX Team Up, Offer At-Home COVID-19 Testing Kits Via On-Demand Delivery In More Than Two Dozen U.S. Cities.

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Clinical Enterprise, Inc. d/b/a empowerDX, part of the Eurofins Clinical Diagnostics group of companies, announced that it is working with Uber (NYSE: UBER) to offer FDA-emergency use authorized, at-home COVID-19 testing kits to consumers via on-demand delivery. Individuals can now quickly access one of the most sensitive at-home COVID tests on the market1 – whether they are at home, in the office or traveling.

Consumers in more than two dozen U.S. cities, including Tampa, Houston, Phoenix, Denver, Seattle, Minneapolis, Fort Lauderdale and Austin can order the kit directly from the empowerDX website without a prescription. empowerDX and Uber plan to expand test kit delivery to additional cities in the coming weeks.

The stocks have a year to date performance of 12.96 percent and weekly performance of -0.41 percent. The stock has been moved at 56.98 percent over the last six months. The stock has performed 6.90 percent around the most recent 30 days and changed 6.12 percent over the most recent 3-months.

If compared to the average trading volume of 19.44M shares, UBER reached to a volume of 8350910 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $69.89 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 1.80. 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.

Nomura have made an estimate for Uber Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 20, 2021. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 06, 2021, representing the official price target for Uber Technologies Inc. stock. Previously, the target price had yet another raise to $73, while Wolfe Research analysts kept a Outperform rating on UBER stock.

The Average True Range (ATR) for Uber Technologies Inc. is set at 2.04, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 9.38. The Price to Book ratio for the last quarter was 8.42, with the Price to Cash per share for the same quarter was set at 3.76.

UBER stock trade performance evaluation

Uber Technologies Inc. [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.41. With this latest performance, UBER shares gained by 6.90% in over the last four-week period, additionally plugging by 56.98% over the last 6 months – not to mention a rise of 95.35% 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 51.29, with the RSI for the last a single of trading hit 50.85, and the three-weeks RSI is set at 51.54 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 56.67, while it was recorded at 56.61 for the last single week of trading, and 45.89 for the last 200 days.

Uber Technologies Inc. [UBER]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Uber Technologies Inc. [UBER] shares currently have an operating margin of -38.82 and a Gross Margin at +35.38. Uber Technologies Inc.’s Net Margin is presently recorded at -60.76.

Return on Total Capital for UBER is now -18.40, given the latest momentum, and Return on Invested Capital for the company is -31.40. Return on Equity for this stock declined to -51.16, with Return on Assets sitting at -20.82. When it comes to the capital structure of this company, Uber Technologies Inc. [UBER] has a Total Debt to Total Equity ratio set at 84.58. Additionally, UBER Total Debt to Total Capital is recorded at 45.82, with Total Debt to Total Assets ending up at 31.20. Long-Term Debt to Equity for the company is recorded at 76.18, with the Long-Term Debt to Total Capital now at 41.27.

Reflecting on the efficiency of the workforce at the company, Uber Technologies Inc. [UBER] managed to generate an average of -$296,842 per employee. Receivables Turnover for the company is 7.01 with a Total Asset Turnover recorded at a value of 0.34.Uber Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.

Earnings per share (EPS) analysis for Uber Technologies Inc. [UBER] stock

With the latest financial reports released by the company, Uber Technologies Inc. posted -1.7/share EPS, while the average EPS was predicted by analysts to be reported at -0.88/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -93.20%. 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 65.50%.

Uber Technologies Inc. [UBER]: Insider Ownership positions

There are presently around $79,465 million, or 76.70% 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 0.10% of the total institutional ownership; MORGAN STANLEY, holding 122,006,738 shares of the stock with an approximate value of $7.03 billion in UBER stocks shares; and FMR LLC, currently with $4.74 billion in UBER stock with ownership of nearly -1.312% of the company’s market capitalization.

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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 666 institutional holders increased their position in Uber Technologies Inc. [NYSE:UBER] by around 223,131,686 shares. Additionally, 333 investors decreased positions by around 108,251,957 shares, while 116 investors held positions by with 1,047,969,415 shares. The mentioned changes placed institutional holdings at 1,379,353,058 shares, according to the latest SEC report filing. UBER stock had 285 new institutional investments in for a total of 59,408,668 shares, while 78 institutional investors sold positions of 25,939,685 shares during the same period.

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