Uber Technologies Inc [UBER] stock prices are up 1.04% to $74.71 at the moment. 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 4.46% over the last week, with a monthly amount glided 1.91%, 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.
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 $72.91 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $74.71 at the most recent close of the market. An investor can expect a potential drop of -2.41% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
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 73.90 points at the first support level, and at 73.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.39, and for the 2nd resistance point, it is at 76.08.
Ratios To Look Out For
It’s worth pointing out that Uber Technologies Inc [NYSE:UBER]’s Current Ratio 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 3.92, the price to book ratio is 12.69 and price to earnings (TTM) ratio is 80.38.
Transactions by insiders
Recent insider trading involved Hazelbaker Jill, that happened on Sep 16 ’24 when 40000.0 shares were sold. Officer, Jill Hazelbaker completed a deal on Aug 08 ’24 to buy 0.14 million shares. Meanwhile, Chief Executive Officer KHOSROWSHAHI DARA sold 0.5 million shares on Jul 15 ’24.
