Uber Technologies Inc. [UBER] Stock trading around $47.04 per share: What’s Next?

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Uber Technologies Inc. [NYSE: UBER] traded at a low on 09/01/23, posting a -0.40 loss after which it closed the day’ session at $47.04. The company report on August 17, 2023 at 5:44 PM that Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs.

Uber Technologies, Inc. (NYSE: UBER) today announced that Dara Khosrowshahi, CEO, will participate in a keynote at the Goldman Sachs Communacopia & Technology Conference on Thursday, September 7. Mr. Khosrowshahi is scheduled to appear at 10:50am PT (1:50pm ET).

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An audio webcast of the event will be available on the investor relations section of the Uber website at http://investor.uber.com.

The results of the trading session contributed to over 14600500 shares changing hands. Over the past one week, the price volatility of Uber Technologies Inc. stands at 2.50% while the volatility over the past one month is 2.83%.

The market cap for UBER stock reached $96.52 billion, with 2.04 billion shares outstanding and 2.03 billion shares in the current float. Compared to the average trading volume of 21.70M shares, UBER reached a trading volume of 14600500 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 $57.19 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.

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 August 01, 2023.

The Average True Range (ATR) for Uber Technologies Inc. is set at 1.33, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 2.76. The Price to Book ratio for the last quarter was 11.02, with the Price to Cash per share for the same quarter was set at 2.70. Price to Free Cash Flow for UBER in the course of the last twelve months was 55.34 with Quick ratio for the last quarter at 1.20.

How has UBER stock performed recently?

Uber Technologies Inc. [UBER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.01. With this latest performance, UBER shares gained by 2.46% in over the last four-week period, additionally plugging by 36.07% over the last 6 months – not to mention a rise of 63.56% 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 60.54, with the RSI for the last a single of trading hit 65.83, and the three-weeks RSI is set at 58.54 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 45.14, while it was recorded at 46.06 for the last single week of trading, and 35.66 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 Total Capital for UBER is now -4.45, given the latest momentum, and Return on Invested Capital for the company is -41.57. Return on Equity for this stock declined to -83.87, with Return on Assets sitting at -25.79. When it comes to the capital structure of this company, Uber Technologies Inc. [UBER] has a Total Debt to Total Equity ratio set at 159.63. Additionally, UBER Total Debt to Total Capital is recorded at 61.48, with Total Debt to Total Assets ending up at 36.49. Long-Term Debt to Equity for the company is recorded at 152.89, with the Long-Term Debt to Total Capital now at 58.89.

Reflecting on the efficiency of the workforce at the company, Uber Technologies Inc. [UBER] managed to generate an average of -$278,689 per employee. Receivables Turnover for the company is 9.84 with a Total Asset Turnover recorded at a value of 0.90.Uber Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

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]

The top three institutional holders of UBER stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in UBER stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in UBER stock with ownership which is approximately 5.7381%.

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