Uber Technologies Inc. (NYSE:UBER) saw an upside of 0.56% to close Monday at $30.53 after adding $0.17 on the day. The 5-day average trading volume is 21,351,180 shares of the company’s common stock. It has gained $31.11 in the past week and touched a new high 4 times within the past 5 days. An average of 18,397,846 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 20,069,453.
UBER’s 1-month performance is 22.32% or $5.89 on its low of $23.90 reached on 12/27/22. The company’s shares have touched a 52-week low of $19.90 and high of $42.56, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, UBER has achieved 23.45% or $5.80 and has reached a new high 13 times. However, the current price is down -28.27% from the 52-week high price.
UBER stock investors last saw insider trading activity on Nov 15.Hazelbaker Jill () most recently sold 63,100 shares at $31.02 per share on Nov 15. This transaction cost the insider $1,957,362., Hazelbaker Jill, sold 50,000 shares at a price of $30.01 on Nov 11. Then, on Sep 14, West Tony sold 4,167 shares at a price of $32.00 per share. This transaction amounted to $133,344.
UBER stock has a beta of 1.19. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.00 while the price-to-book (PB) in the most recent quarter is 9.66, with the price to cash flow ratio at 115.06.
Uber Technologies Inc.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.00. In terms of profitability, the gross margin trailing 12 months is 31.80%. The firm’s gross profit as reported stood at $8.1 billion against revenue of $17.45 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -101.0% to -$1.21 billion, while revenue of -$2.6 billion was -115.67% off the previous quarter. Analysts expected UBER to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.61, representing a -177.30% surprise. EBITDA for the quarter stood at more than -$283.0 million. UBER stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 24.14 billion, with total debt at $11.27 billion. Shareholders hold equity totaling $1.99 billion.
Let’s look briefly at Uber Technologies Inc. (UBER) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 80.29% to suggest the stock is trending Overbought, with historical volatility in this time period at 23.34%.
The stock’s 5-day moving average is $29.62, reflecting a +3.70% or $1.09 change from its current price. UBER is currently trading +20.39% above its 20-day SMA, +6.23% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.26% and SMA200 by-12.67%.
Stochastic %K and %D was 90.62% and 87.56% and the average true range (ATR) pointed at 0.99. The RSI (14) points at 71.64%, while the 14-day stochastic is at 90.48% with the period’s ATR at 1.01. The stock’s 9-day MACD Oscillator is pointing at 0.76 and 1.86 on the 14-day charts.
In the most recent analyst report for Uber Technologies Inc. (NYSE: UBER), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for UBER stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate UBER as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 5 rates the stock as overweight while 37 have offered a “buy” rating.
What is UBER’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $75.00, with their median price target at $43.00. Looking at these predictions, the average price target given by analysts is for Uber Technologies Inc. (UBER) stock is $45.04.