A share price of Uber Technologies Inc [UBER] is currently trading at $64.87, up 10.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The UBER shares have gain 2.82% over the last week, with a monthly amount drifted -8.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Uber Technologies Inc [NYSE: UBER] stock has seen the most recent analyst activity on July 22, 2024, when Melius initiated its Hold rating and assigned the stock a price target of $77. Previously, Wolfe Research started tracking the stock with Outperform rating on July 16, 2024, and set its price target to $90. On February 22, 2024, BTIG Research reiterated its Buy rating and revised its price target to $90 on the stock. Needham reiterated its Buy rating and increased its price target to $90 on February 08, 2024. Gordon Haskett downgraded its rating to a Hold but $66 remained the price target by the analyst firm on January 24, 2024. Needham reiterated a Buy rating for this stock on January 22, 2024, and upped its price target to $71. In a note dated January 09, 2024, BMO Capital Markets initiated an Outperform rating and provided a target price of $69 on this stock.
Uber Technologies Inc experienced fluctuations in its stock price throughout the past year between $40.09 and $82.14. Currently, Wall Street analysts expect the stock to reach $70.73 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $64.87 at the most recent close of the market. An investor can expect a potential return of 9.03% based on the average UBER price forecast.
Analyzing the UBER fundamentals
Trailing Twelve Months sales for Uber Technologies Inc [NYSE:UBER] were 38.59B which represents 14.82% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.05%, 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 0.18 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 61.64 points at the first support level, and at 58.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.96, and for the 2nd resistance point, it is at 69.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Uber Technologies Inc [NYSE:UBER] is 1.21. Further, the Quick Ratio stands at 1.21, while the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 3.51, the price to book ratio is 12.24 and price to earnings (TTM) ratio is 101.25.
Transactions by insiders
Recent insider trading involved KHOSROWSHAHI DARA, Chief Executive Officer, that happened on Jul 15 ’24 when 0.5 million shares were sold. Chief Executive Officer, KHOSROWSHAHI DARA completed a deal on Jun 17 ’24 to sell 1.0 million shares. Meanwhile, West Tony sold 28000.0 shares on Jun 13 ’24.
