Uber Technologies Inc [NYSE: UBER] loss -0.93% or -0.74 points to close at $79.16 with a heavy trading volume of 14031470 shares.
The daily chart for UBER points out that the company has recorded 14.39% gains over the past six months.
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If we look at the average trading volume of 16.07M shares, UBER reached to a volume of 14031470 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $89.58 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 1.35. 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.
Daiwa Securities have made an estimate for Uber Technologies Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $88 to $99. The new note on the price target was released on October 07, 2024, representing the official price target for Uber Technologies Inc stock. Previously, the target price had yet another raise to $90, while Raymond James analysts kept a Strong Buy rating on UBER stock.
The Average True Range (ATR) for Uber Technologies Inc is set at 2.38, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 4.15. The Price to Book ratio for the last quarter was 13.45, with the Price to Cash per share for the same quarter was set at 3.36. Price to Free Cash Flow for UBER in the course of the last twelve months was 34.99 with Quick ratio for the last quarter at 1.21.
Trading performance analysis for UBER stock
Uber Technologies Inc [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.32. With this latest performance, UBER shares gained by 5.15% in over the last four-week period, additionally plugging by 14.39% over the last 6 months – not to mention a rise of 84.09% 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 55.34, with the RSI for the last a single of trading hit 52.24, and the three-weeks RSI is set at 56.28 for Uber Technologies Inc [UBER]. The present Moving Average for the last 50 days of trading for this stock 74.21, while it was recorded at 81.82 for the last single week of trading, and 71.21 for the last 200 days.
Uber Technologies Inc [UBER]: A deeper dive into fundamental analysis
Uber Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.21 and a Current Ratio set at 1.21.
Uber Technologies Inc [UBER]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Uber Technologies Inc posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.02. 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 44.90%.
An analysis of Institutional ownership at Uber Technologies Inc [UBER]
There are presently around $83.25%, or 83.40%% of UBER stock, in the hands of institutional investors. The top three institutional holders of UBER stocks are: VANGUARD GROUP INC with ownership of 176.19 million shares, which is approximately 8.4771%. BLACKROCK INC., holding 147.47 million shares of the stock with an approximate value of $$10.72 billion in UBER stocks shares; and BLACKROCK INC., currently with $$7.58 billion in UBER stock with ownership which is approximately 5.0182%.
