Uber Technologies Inc [NYSE: UBER] stock went on a downward path that fall over -2.41% on Friday, amounting to a one-week price decrease of less than -9.32%.
Over the last 12 months, UBER stock dropped by -3.29%. The one-year Uber Technologies Inc stock forecast points to a potential upside of 34.06. The average equity rating for UBER stock is currently 1.33, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $123.15 billion, with 2.10 billion shares outstanding and 2.02 billion shares in the current float. Compared to the average trading volume of 20.54M shares, UBER stock reached a trading volume of 47053458 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 $90.89 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 1.33. 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.
Gordon Haskett have made an estimate for Uber Technologies Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 31, 2024. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Hold. The new note on the price target was released on October 25, 2024, representing the official price target for Uber Technologies Inc stock. Previously, the target price had yet another raise to $84, while Daiwa Securities analysts kept a Neutral rating on UBER stock. On October 07, 2024, analysts increased their price target for UBER shares from 88 to 99.
The Average True Range (ATR) for Uber Technologies Inc is set at 2.46, with the Price to Sales ratio for UBER stock in the period of the last 12 months amounting to 2.94. The Price to Book ratio for the last quarter was 8.53, with the Price to Cash per share for the same quarter was set at 4.86. Price to Free Cash Flow for UBER in the course of the last twelve months was 20.67 with Quick ratio for the last quarter at 1.41.
UBER Stock Performance Analysis:
Uber Technologies Inc [UBER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.32. With this latest performance, UBER shares dropped by -15.78% in over the last four-week period, additionally sinking by -14.46% over the last 6 months – not to mention a drop of -3.29% 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 26.27, with the RSI for the last a single of trading hit 20.95, and the three-weeks RSI is set at 30.71 for Uber Technologies Inc [UBER]. The present Moving Average for the last 50 days of trading for this stock 73.58, while it was recorded at 62.64 for the last single week of trading, and 71.77 for the last 200 days.
Insight into Uber Technologies Inc Fundamentals:
Uber Technologies Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.41 and a Current Ratio set at 1.41.
UBER Stock EPS
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 40.76%.
Uber Technologies Inc [UBER] Institutonal Ownership Details
There are presently around $83.91%, or 84.06%% 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%.
