As of Wednesday close, Uber Technologies Inc.’s (NYSE:UBER) stock was down -$1.04, moving down -2.19 percent to $46.55. The average number of shares traded per day over the past five days has been 17,198,840 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.61 fall in that time frame. In the last twenty days, the average volume was 16,277,915, while in the previous 50 days, it was 20,262,471.
Since last month, UBER stock rose 4.30%. Shares of the company fell to $43.08 on 08/25/23, the lowest level in the past month. A 52-week high of $49.49 was reached on 07/31/23 after having rallying from a 52-week low of $22.94. Since the beginning of this year, UBER’s stock price has risen by 88.23% or $21.82, and marked a new high 43 times. However, the stock has declined by -5.94% 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 31 days ago on Aug 21. Chai Nelson, the Chief Financial Officer of the company, disposed of 100,000 shares for $45.05 on Aug 21. It resulted in a $4,504,770 divestment by the insider. KHOSROWSHAHI DARA sold 100,000 shares at an average price of $47.51 on Jul 18. The insider now owns 1,316,243 shares following the transaction. On Jun 28, Chief Executive Officer KHOSROWSHAHI DARA sold 69,975 shares at $45.00 apiece. The transaction was valued at $3,148,882.
Valuation Metrics
The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 2.76, the price-to-book (PB) ratio of 10.90, and the price-to-cash flow ratio of 55.46 may also be considered.
Financial Health
In the three months ended June 29, Uber Technologies Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, 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 June 29 was 1.07, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 32.10% percent. In the year ended June 29, EBITDA margin amounted to -0.32%, whereas operating margins totaled -1.80%. 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 -5.00%.
In Uber Technologies Inc.’s quarter-end financial report for June 29, it reported total debt of $9.26 billion. 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 12.54% to $8.82 billion during the quarter, while net income inched up to $9.23 billion. While analysts expected Uber Technologies Inc. to report -$0.01 quarterly earnings, the actual figure was $0.18 per share. During the quarter, the company generated $534.0 million in EBITDA. The liabilities of Uber Technologies Inc. were 24.65 billion at the end of its most recent quarter ended June 29, and its total debt was $11.18 billion. The value of shareholders’ equity is $2.04 billion.
Technical Picture
This quick technical analysis looks at Uber Technologies Inc.’s (UBER) price momentum. With a historical volatility rate of 33.09%, the RSI 9-day stood at 47.57% on 20 September.
With respect to its five-day moving average, the current Uber Technologies Inc. price is down by -3.34% percent or -$1.61. At present, UBER shares trade +4.96% above its 20-day simple moving average and +56.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.94% above its SMA50 and +64.26% above its SMA200.
Stochastic coefficient K was 46.53% and Stochastic coefficient D was 57.58%, while ATR was 1.23. Given the Stochastic reading of 33.01% for the 14-day period, the RSI (14) reading has been calculated as 50.49%. As of today, the MACD Oscillator reading stands at -0.76, while the 14-day reading stands at -0.38.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Uber Technologies Inc. (NYSE: UBER) in a note to investors. The analysts firm has however raised their price target to $60, representing a possible 15.36% increase in the stock price. Uber Technologies Inc. (UBER) has been rated Buy by analysts. According to 0 brokerage firms, UBER is a sell, and 3 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 39 recommending it as overweight.
With a median target price of $58.00, the current consensus forecast for the stock is $45.00 – $75.00. Based on these forecasts, analysts predict Uber Technologies Inc. (UBER) will achieve an average price target of $58.38.
