At the time of writing, Uber Technologies Inc [UBER] stock is trading at $71.25, down -0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The UBER shares have lost -0.84% over the last week, with a monthly amount glided 9.84%, and 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 September 05, 2024, when Cantor Fitzgerald initiated its Overweight rating and assigned the stock a price target of $90. Previously, Melius started tracking the stock with Hold rating on July 22, 2024, and set its price target to $77. On July 16, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $90 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $90 on February 22, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $90 on February 08, 2024. Gordon Haskett downgraded its rating to Hold for this stock on January 24, 2024, but kept the price target unchanged to $66. In a note dated January 22, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $63 to $71.
For the past year, the stock price of Uber Technologies Inc fluctuated between $40.09 and $82.14. Currently, Wall Street analysts expect the stock to reach $72.8 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $71.25 at the most recent close of the market. An investor can expect a potential return of 2.18% based on the average UBER price forecast.
Analyzing the UBER fundamentals
According to Uber Technologies Inc [NYSE:UBER], the company’s sales were 40.06B for trailing twelve months, which represents an 15.93% jump. 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 70.57 points at the first support level, and at 69.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.27, and for the 2nd resistance point, it is at 73.30.
Ratios To Look Out For
It is important to note that Uber Technologies Inc [NYSE:UBER] has a current ratio of 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 3.74, the price to book ratio is 12.10 and price to earnings (TTM) ratio is 76.65.
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.
