Uber Technologies Inc [UBER] stock is trading at $79.41, down -1.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UBER shares have gain 4.90% over the last week, with a monthly amount glided 1.55%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 7, March 2024, Serve Robotics Inc. Common Stock to Be Quoted on OTCQB Under Ticker Symbol “SBOT”. In a post published today on Yahoo Finance, Serve Robotics Inc. (the “Company” or “Serve”), a leading autonomous sidewalk delivery company, announces that it has qualified to trade on the OTCQB® Venture Market operated by the OTC Markets Group Inc. and the Company’s common shares commenced trading today on the OTCQB under the ticker symbol “SBOT”.
From an analyst’s perspective:
Uber Technologies Inc [NYSE: UBER] stock has seen the most recent analyst activity on February 22, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $90 from $80. Previously, Needham reaffirmed its Buy rating on February 08, 2024, and elevated its price target to $90. On January 24, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $66 on the stock. Needham reiterated its Buy rating and increased its price target to $71 on January 22, 2024. BMO Capital Markets initiated its recommendation with a Outperform and recommended $69 as its price target on January 09, 2024. Nomura downgraded its rating to Neutral for this stock on December 29, 2023, and upped its price target to $62. In a note dated November 03, 2023, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $60.
Uber Technologies Inc [UBER] stock has fluctuated between $29.22 and $82.14 over the past year. Currently, Wall Street analysts expect the stock to reach $61.77 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $79.41 at the most recent close of the market. An investor can expect a potential drop of -22.21% based on the average UBER price forecast.
Analyzing the UBER fundamentals
Uber Technologies Inc [NYSE:UBER] reported sales of 37.28B for the trailing twelve months, which represents a growth of 15.44%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.2 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 78.85 points at the first support level, and at 78.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.50, and for the 2nd resistance point, it is at 81.60.
Uber Technologies Inc [UBER] reported earnings per share of $0.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of $0.46 and a surprise factor of 306.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.1 per share as compared to estimates of $0.12 per share, a difference of -$0.02 representing a surprise of -16.70%.
Ratios To Look Out For
For context, Uber Technologies Inc’s Current Ratio is 1.19. In addition, the Quick Ratio stands at 1.19 and the Cash Ratio stands at 0.58. Considering the valuation of this stock, the price to sales ratio is 4.42, the price to book ratio is 14.62 and price to earnings (TTM) ratio is 90.53.
Transactions by insiders
Recent insider trading involved Hazelbaker Jill, that happened on Feb 14 ’24 when 20000.0 shares were sold., West Tony completed a deal on Feb 12 ’24 to sell 18750.0 shares. Meanwhile, Chief Executive Officer KHOSROWSHAHI DARA sold 100000.0 shares on Nov 14 ’23.
