Uber Technologies Inc. [NYSE: UBER] traded at a low on 03/10/23, posting a -3.74 loss after which it closed the day’ session at $31.11. The company report on March 7, 2023 that Uber Eats Partners with Tampa International Airport to Bring Mobile Ordering to Consumers.
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Starting this March, travelers and airport workers will be able to order ahead and skip the line at more than 20 airport concession locations.
Today Uber Technologies, Inc. (NYSE: UBER) announced a new partnership with Tampa International Airport, bringing mobile ordering to the airport’s more than 21 million visitors and workers each year.
The results of the trading session contributed to over 32530037 shares changing hands. Over the past one week, the price volatility of Uber Technologies Inc. stands at 4.45% while the volatility over the past one month is 3.86%.
The market cap for UBER stock reached $64.96 billion, with 2.01 billion shares outstanding and 1.99 billion shares in the current float. Compared to the average trading volume of 24.27M shares, UBER reached a trading volume of 32530037 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $47.55 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.
MoffettNathanson have made an estimate for Uber Technologies Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 30, 2023. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $31 to $33. 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 Jefferies analysts kept a Buy rating on UBER stock.
The Average True Range (ATR) for Uber Technologies Inc. is set at 1.37, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 2.04. The Price to Book ratio for the last quarter was 8.50, with the Price to Cash per share for the same quarter was set at 2.06. Price to Free Cash Flow for UBER in the course of the last twelve months was 166.56 with Quick ratio for the last quarter at 1.00.
How has UBER stock performed recently?
Uber Technologies Inc. [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.01. With this latest performance, UBER shares dropped by -15.53% in over the last four-week period, additionally plugging by 1.40% over the last 6 months – not to mention a drop of -1.24% 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 39.67, with the RSI for the last a single of trading hit 31.00, and the three-weeks RSI is set at 45.01 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 31.37, while it was recorded at 33.09 for the last single week of trading, and 27.90 for the last 200 days.
Uber Technologies Inc. [UBER]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Uber Technologies Inc. [UBER] shares currently have an operating margin of -3.29 and a Gross Margin at +28.69. Uber Technologies Inc.’s Net Margin is presently recorded at -28.68.
Return on Equity for this stock declined to -83.87, with Return on Assets sitting at -25.79.
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 analysis for Uber Technologies Inc. [UBER]
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%.
Insider trade positions for Uber Technologies Inc. [UBER]
There are presently around $46,461 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 170,878,658, which is approximately 4.291% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 127,602,434 shares of the stock with an approximate value of $3.97 billion in UBER stocks shares; and VANGUARD GROUP INC, currently with $3.66 billion in UBER stock with ownership of nearly 6.495% of the company’s market capitalization.
Positions in Uber Technologies Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 544 institutional holders increased their position in Uber Technologies Inc. [NYSE:UBER] by around 168,486,718 shares. Additionally, 553 investors decreased positions by around 133,964,495 shares, while 163 investors held positions by with 1,190,982,745 shares. The mentioned changes placed institutional holdings at 1,493,433,958 shares, according to the latest SEC report filing. UBER stock had 164 new institutional investments in for a total of 28,776,412 shares, while 132 institutional investors sold positions of 32,124,578 shares during the same period.