Uber Technologies Inc. (NYSE:UBER) saw a downside of -0.13% to close Monday at $44.63 after subtracting -$0.06 on the day. The 5-day average trading volume is 16,442,379 shares of the company’s common stock. It has gained $45.30 in the past week and touched a new high 2 times within the past 5 days. An average of 23,120,115 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 22,794,838.
UBER’s 1-month performance is -5.50% or -$2.60 on its low of $42.95 reached on 08/14/23. The company’s shares have touched a 52-week low of $22.94 and high of $49.49, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, UBER has achieved 80.47% or $19.90 and has reached a new high 43 times. However, the current price is down -9.82% from the 52-week high price.
Insider Transactions
UBER stock investors last saw insider trading activity on Jul 18.KHOSROWSHAHI DARA (Chief Executive Officer) most recently sold 100,000 shares at $47.51 per share on Jul 18. This transaction cost the insider $4,750,630. Chief Executive Officer, KHOSROWSHAHI DARA, sold 69,975 shares at a price of $45.00 on Jun 28. Then, on Jun 26, Chief Executive Officer KHOSROWSHAHI DARA sold 30,025 shares at a price of $45.00 per share. This transaction amounted to $1,351,131.
Valuation Metrics
UBER stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.56 while the price-to-book (PB) in the most recent quarter is 10.45, with the price to cash flow ratio at 51.45.
Uber Technologies Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.07, while the total debt to equity was 1.07. In terms of profitability, the gross margin trailing 12 months is 32.10%. The trailing 12-month EBITDA margin is -0.32% while for the period ending June 29, Uber Technologies Inc.’s operating margin was -1.80%. The firm’s gross profit as reported stood at $12.22 billion against revenue of $31.88 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 760.15% to $394.0 million, while revenue of -$157.0 million was 139.85% off the previous quarter. Analysts expected UBER to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.17, representing a 1,800.00% surprise. EBITDA for the quarter stood at more than $534.0 million. UBER stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 24.65 billion, with total debt at $11.18 billion. Shareholders hold equity totaling $2.04 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 21 August was 47.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.14%.
The stock’s 5-day moving average is $44.20, reflecting a -0.49% or -$0.22 change from its current price. UBER is currently trading -5.68% above its 20-day SMA, +48.42% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.85% and SMA200 by+50.02%.
Stochastic %K and %D was 26.17% and 19.67% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 48.69%, while the 14-day stochastic is at 34.29% with the period’s ATR at 1.42. The stock’s 9-day MACD Oscillator is pointing at 0.18 and -0.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Uber Technologies Inc. (NYSE: UBER), BTIG Research reiterated its a Buy rating for the company but lifted their price target by $55 to $60. Analysts offering their rating for UBER stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate UBER as a “sell,”, while 4 advise that investors “Hold.” 0 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 $32.50 and a high of $75.00, with their median price target at $58.00. Looking at these predictions, the average price target given by analysts is for Uber Technologies Inc. (UBER) stock is $57.45.
