Uber Technologies Inc [UBER] stock prices are down -0.68% to $68.54 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The UBER shares have gain 16.19% over the last week, with a monthly amount drifted -6.79%, 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.
The stock price of Uber Technologies Inc [UBER] has been fluctuating between $40.09 and $82.14 over the past year. Currently, Wall Street analysts expect the stock to reach $71.73 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $68.54 at the most recent close of the market. An investor can expect a potential return of 4.65% based on the average UBER price forecast.
Analyzing the UBER fundamentals
The Uber Technologies Inc [NYSE:UBER] reported sales of 40.06B for trailing twelve months, representing a surge of 15.93%. Gross Profit Margin for this corporation currently stands at 0.37% 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 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.
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 67.73 points at the first support level, and at 66.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.36, and for the 2nd resistance point, it is at 70.19.
Ratios To Look Out For
It’s worth pointing out that Uber Technologies Inc [NYSE:UBER]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 1.21, and the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 11.64 and price to earnings (TTM) ratio is 73.74.
Transactions by insiders
Recent insider trading involved Jill Hazelbaker, Officer, that happened on Aug 08 ’24 when 0.14 million shares were purchased. Chief Executive Officer, KHOSROWSHAHI DARA completed a deal on Jul 15 ’24 to sell 0.5 million shares. Meanwhile, Chief Executive Officer KHOSROWSHAHI DARA sold 1.0 million shares on Jun 17 ’24.
