The Price Target For Uber Technologies Inc. (UBER)?

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Uber Technologies Inc. (NYSE:UBER) finished Thursday with an addition of $0.32 to close at $24.91, an upside of 1.30 percent. An average of 16,823,020 shares of common stock have been traded in the last five days. There was a fall of -$0.45 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 19,799,455 shares traded, while the 50-day average volume stands at 22,666,418.

UBER stock has decreased by -10.27% in the last month. The company shares reached their 1-month lowest point of $23.90 on 12/27/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $19.90 and a high of $45.90 in 52 weeks. It has reached a new high 3 times so far this year and lost -40.59% or -$17.02 in price. In spite of this, the price is down -45.73% from the 52-week high.


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Insider Transactions

UBER stock investors should be aware that Uber Technologies Inc. (UBER) stock had its last reported insider trading activity 45 days ago on Nov 15. In this transaction, the insider spent $1,957,362. , Hazelbaker Jill, disposed of 50,000 shares at a price of $30.01 on Nov 11. The insider now owns more than $1,500,500 worth of shares. Prior to that, West Tony went on to Sale 4,167 shares at $32.00 each on Sep 14. An amount of $133,344 was transacted.

Valuation Metrics

Uber Technologies Inc. (UBER) stock’s beta is 1.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 7.88, and the price-to-cash flow ratio at 98.18.

Financial Health

The quick ratio of Uber Technologies Inc. for the three months ended September 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.48 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $8.1 billion compared to revenue of $17.45 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Uber Technologies Inc.’s return on assets was -26.50%.

Earnings Surprise

For the three-month period that ended September 29, Uber Technologies Inc. had $9.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.21 billion in the quarter, while revenues of -$2.6 billion were shrunk -101.0%. The analyst consensus anticipated Uber Technologies Inc.’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.61, a -177.30% surprise. For the quarter, EBITDA amounted to -$283.0 million. Shareholders own equity worth $1.99 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Uber Technologies Inc. (UBER) price momentum. RSI 9-day as of the close on 29 December was 37.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.69%.

As of today, UBER’s price is $24.64 -1.77% or -$0.45 from its 5-day moving average. UBER is currently trading -14.52% lower than its 20-day SMA and -21.79% lower than its 100-day SMA. However, the stock’s current price level is -9.78% below the SMA50 and -16.41% below the SMA200.

The stochastic %K and %D were 16.10% and 14.01%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 22.17% and the average true range at 1.08, the RSI (14) stands at 39.04%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -0.99.

Analyst Ratings

Raymond James upgraded Uber Technologies Inc. (NYSE: UBER) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for Uber Technologies Inc. (UBER) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell UBER, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 37 others rate it as a “buy”.

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