Uber Technologies Inc. (UBER) Is A Stock You Should Watch


As of Thursday close, Uber Technologies Inc.’s (NYSE:UBER) stock was down -$0.01, moving down -0.03 percent to $37.95. The average number of shares traded per day over the past five days has been 21,351,041 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.30 fall in that time frame. In the last twenty days, the average volume was 31,064,955, while in the previous 50 days, it was 23,678,420.

Since last month, UBER stock rose 27.86%. Shares of the company fell to $29.22 on 04/27/23, the lowest level in the past month. A 52-week high of $40.50 was reached on 05/22/23 after having rallying from a 52-week low of $19.90. Since the beginning of this year, UBER’s stock price has risen by 53.46% or $13.22, and marked a new high 28 times. However, the stock has declined by -6.30% since its 52-week high.

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UBER stock investors should be aware that Uber Technologies Inc. (UBER) stock had its last reported insider trading activity 18 days ago on May 08. West Tony, the of the company, disposed of 12,501 shares for $37.85 on May 08. It resulted in a $473,163 divestment by the insider. West Tony sold 4,167 shares at an average price of $32.00 on Mar 15. The insider now owns 166,499 shares following the transaction. On Feb 02, West Tony sold 4,167 shares at $32.54 apiece. The transaction was valued at $135,594.

Valuation Metrics

The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 10.15, and the price-to-cash flow ratio of 78.03 may also be considered.

Financial Health

In the three months ended March 30, Uber Technologies Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.23, and the total debt-to-equity ratio was 1.23. On the profitability front, the trailing twelve-month gross margin is 30.90% percent. In the year ended March 30, EBITDA margin amounted to -0.32%, whereas operating margins totaled -4.70%. Based on annual data, UBER earned $12.22 billion in gross profit and brought in $31.88 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.70%. Return on equity (ROE) for the past 12 months was -48.60%.

In Uber Technologies Inc.’s quarter-end financial report for March 30, it reported total debt of $9.26 billion against cash and short-term investments of $121.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UBER’s revenue rose 22.32% to $8.61 billion during the quarter, while net income inched up to $8.82 billion. While analysts expected Uber Technologies Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.08 per share, beating the consensus estimate by 11.10%. During the quarter, the company generated -$55.0 million in EBITDA. The liabilities of Uber Technologies Inc. were 24.2 billion at the end of its most recent quarter ended March 30, and its total debt was $11.26 billion. The value of shareholders’ equity is $2.02 billion.

Technical Picture

This quick technical analysis looks at Uber Technologies Inc.’s (UBER) price momentum. With a historical volatility rate of 25.62%, the RSI 9-day stood at 55.61% on 25 May.

With respect to its five-day moving average, the current Uber Technologies Inc. price is down by -3.31% percent or -$1.30. At present, UBER shares trade +27.78% above its 20-day simple moving average and +53.46% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.71% above its SMA50 and +22.18% above its SMA200.

Stochastic coefficient K was 33.53% and Stochastic coefficient D was 51.57%, while ATR was 1.08. Given the Stochastic reading of 18.79% for the 14-day period, the RSI (14) reading has been calculated as 59.99%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.26.

Analyst Ratings

Uber Technologies Inc. (UBER) has been rated Buy by analysts. According to 0 brokerage firms, UBER is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 analysts rate Uber Technologies Inc. stock as buy, with 38 recommending it as overweight.

With a median target price of $48.00, the current consensus forecast for the stock is $32.50 – $75.00. Based on these forecasts, analysts predict Uber Technologies Inc. (UBER) will achieve an average price target of $49.63.


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