Uber Technologies Inc. [UBER] Stock trading around $47.24 per share: What’s Next?

Uber Technologies Inc. [NYSE: UBER] stock went on an upward path that rose over 2.10% on Friday, amounting to a one-week price increase of more than 0.02%. The company report on September 7, 2023 at 6:00 AM that UBER ANNOUNCES EXPANDED PARTNERSHIP WITH THE NATIONAL FOOTBALL LEAGUE.

Uber will be the official on-demand delivery and official rideshare partner of the NFL.

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Today, Uber Technologies, Inc. (NYSE: UBER) announced a four-year deal to expand its partnership with the National Football League becoming the official on-demand delivery partner and official rideshare partner of the NFL. Uber is uniquely positioned to help football fans go anywhere and get anything this season, as the only scaled global player with both mobility and delivery offerings.

Over the last 12 months, UBER stock rose by 57.31%. The one-year Uber Technologies Inc. stock forecast points to a potential upside of 17.25. The average equity rating for UBER stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $94.55 billion, with 2.04 billion shares outstanding and 2.03 billion shares in the current float. Compared to the average trading volume of 21.38M shares, UBER stock reached a trading volume of 15944497 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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 $57.09 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 1.28, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 2.70. The Price to Book ratio for the last quarter was 11.06, with the Price to Cash per share for the same quarter was set at 2.76. Price to Free Cash Flow for UBER in the course of the last twelve months was 54.22 with Quick ratio for the last quarter at 1.20.

UBER Stock Performance Analysis:

Uber Technologies Inc. [UBER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.02. With this latest performance, UBER shares gained by 7.10% in over the last four-week period, additionally plugging by 46.16% over the last 6 months – not to mention a rise of 57.31% 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 59.90, with the RSI for the last a single of trading hit 63.74, and the three-weeks RSI is set at 58.23 for Uber Technologies Inc. [UBER]. The present Moving Average for the last 50 days of trading for this stock 45.34, while it was recorded at 46.60 for the last single week of trading, and 35.99 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 -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.


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] Institutonal Ownership Details

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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