The stock of Uber Technologies Inc. (NYSE:UBER) increased by $1.14 on Monday to finish at $44.85, up 2.61 percent. The last five days have seen an average of 16,754,641 shares of common stock traded. 43 times new highs were reached in the current year, with a gain of $20.12. The average number of shares traded over the last 20 days was 25,236,885, while the average volume over the last 50 days totaled 23,229,863.
UBER stock appreciated 0.22% since last month. On 08/14/23, the company’s shares reached a one-month low of $42.95. The stock touched a high of $49.49 on 07/31/23, after rallying from a low of $22.94 in 52 weeks. The price of UBER stock has risen by 81.36% or $20.12 this year, reaching a new high 43 times. Still, the stock price is down -9.38% from the 52-week high.
Insider Transactions
UBER stock investors should be aware that Uber Technologies Inc. (UBER) stock had its last reported insider trading activity 28 days ago on Jul 18. On Jul 18, Chief Executive Officer KHOSROWSHAHI DARA sold 100,000 shares at $47.51 each. This transaction resulted in the insider making $4,750,630. On Jun 28, KHOSROWSHAHI DARA sold 69,975 shares at a price of US$45.00. After the transaction, the insider now owns 1,416,243 shares. Chief Executive Officer KHOSROWSHAHI DARA had earlier sold 30,025 shares on Jun 26 for $45.00 a share. The transaction was completed for $1,351,131.
Valuation Metrics
Beta for the stock is 1.25. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.67, the price-to-book (PB) ratio of 10.50, and the price-to-cash flow ratio of 53.62.
Financial Health
For the three months ended June 29, Uber Technologies Inc.’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.07, and the total debt to equity ratio is 1.07. As far as profitability goes, gross margin for the trailing twelve months is 32.10% percent. Uber Technologies Inc.’s EBITDA margin for the year ended June 29 was -0.32%, whereas its operating margin stood at -1.80% for the same period. Based on annual data, it had gross profit of $12.22 billion and revenue of $31.88 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. UBER’s return on assets (ROA) during the last 12 months has been -1.20%. There was a -10.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -5.00%.
Earnings Surprise
According to Uber Technologies Inc.’s quarterly financial report for the quarter that ended June 29, it had $9.26 billion in total debt versus $538.0 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.23 billion, while revenues rose by 12.54% to $8.82 billion. It was predicted that Uber Technologies Inc.’s quarterly earnings would be $0.18, but it ended up being -$0.01. EBITDA was $534.0 million for the quarter. At the end of Uber Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 24.65 billion, while its total debt was $11.18 billion. Equity owned by shareholders amounts to $2.04 billion.
Technical Picture
Here’s a quick look at Uber Technologies Inc.’s (UBER) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 45.87%, suggesting the stock is Neutral, with a 25.80% historical volatility rate.
The stochastic %K and %D were 16.33% and 12.42% respectively, while the average true range (ATR) was 1.54. Based on the 14-day stochastic reading of 29.05%, the RSI (14) reading is 48.58%. On the 9-day MACD Oscillator, the stock is at -0.66, and the 14-day reading is at -1.59.
Analyst Ratings
In a note to investors, BTIG Research maintained its a Buy rating on Uber Technologies Inc. (NYSE: UBER). However, the firm raised their price target to $60, indicating a possible increase of 18.45% in the stock price. Analysts have assigned Uber Technologies Inc. (UBER) an Buy rating. UBER is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 5 rates it overweight and 37 others recommend it as a buy.
What is UBER’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.50 and $75.00, with a median target price of $58.00. In analyzing these forecasts, the average price target given by analysts for Uber Technologies Inc. (UBER) is $57.29.
