Uber Technologies Inc. [UBER] Stock trading around $29.44 per share: What’s Next?

Uber Technologies Inc. [NYSE: UBER] surged by $0.41 during the normal trading session on Friday and reaching a high of $29.50 during the day while it closed the day at $29.44. The company report on January 16, 2023 that Uber Eats and Visa Partner for Greener Restaurant Packaging.


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Uber (NYSE:UBER) and Visa (NYSE:V) today announced a new program designed to support small-and medium-sized businesses in their transition to green and sustainable packaging solutions, as part of a broader year-long effort to support SMBs who use Uber Eats to grow their businesses.

Support for restaurants in New York, Los Angeles, London, Paris and Madrid to source sustainable packaging solutions.

Uber Technologies Inc. stock has also gained 11.52% of its value over the past 7 days. However, UBER stock has inclined by 17.76% in the 3 months of the year. Over the past six months meanwhile, it has gained 35.86% and gained 19.05% year-on date.

The market cap for UBER stock reached $57.90 billion, with 1.98 billion shares outstanding and 1.98 billion shares in the current float. Compared to the average trading volume of 22.22M shares, UBER reached a trading volume of 16905651 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 $45.92 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.

Piper Sandler have made an estimate for Uber Technologies Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 09, 2023. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on January 09, 2023, representing the official price target for Uber Technologies Inc. stock. Previously, the target price had yet another raise to $38, while Raymond James analysts kept a Outperform rating on UBER stock.

The Average True Range (ATR) for Uber Technologies Inc. is set at 1.00, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 9.32. Price to Free Cash Flow for UBER in the course of the last twelve months was 114.42 with Quick ratio for the last quarter at 1.00.

UBER stock trade performance evaluation

Uber Technologies Inc. [UBER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.52. With this latest performance, UBER shares gained by 9.12% in over the last four-week period, additionally plugging by 35.86% over the last 6 months – not to mention a drop of -31.60% 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 68.72, with the RSI for the last a single of trading hit 79.45, and the three-weeks RSI is set at 61.73 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 27.32, while it was recorded at 28.45 for the last single week of trading, and 27.28 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 -21.74 and a Gross Margin at +31.92. Uber Technologies Inc.’s Net Margin is presently recorded at -2.84.

Return on Equity for this stock declined to -3.71, with Return on Assets sitting at -1.38.

Uber Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

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

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 23.17%.

Uber Technologies Inc. [UBER]: Insider Ownership positions

There are presently around $42,630 million, or 73.90% of UBER stock, in the hands of institutional investors. The top three institutional holders of UBER stocks are: MORGAN STANLEY with ownership of 163,847,177, which is approximately -0.916% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 110,536,758 shares of the stock with an approximate value of $3.25 billion in UBER stocks shares; and FMR LLC, currently with $3.17 billion in UBER stock with ownership of nearly 35.797% of the company’s market capitalization.

Positions in Uber Technologies Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 545 institutional holders increased their position in Uber Technologies Inc. [NYSE:UBER] by around 170,613,637 shares. Additionally, 504 investors decreased positions by around 135,305,698 shares, while 158 investors held positions by with 1,142,100,337 shares. The mentioned changes placed institutional holdings at 1,448,019,672 shares, according to the latest SEC report filing. UBER stock had 168 new institutional investments in for a total of 31,657,866 shares, while 104 institutional investors sold positions of 23,605,008 shares during the same period.

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