A share price of Uber Technologies Inc [UBER] is currently trading at $76.17, up 2.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UBER shares have gain 2.60% over the last week, with a monthly amount glided 9.13%, 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 October 07, 2024, when Truist reiterated its Buy rating and also boosted its price target to $99 from $88. On September 05, 2024, Cantor Fitzgerald initiated with a Overweight rating and assigned a price target of $90 on the stock. Melius started tracking the stock assigning a Hold rating and suggested a price target of $77 on July 22, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $90 as its price target on July 16, 2024. BTIG Research reiterated a Buy rating for this stock on February 22, 2024, and upped its price target to $90. In a note dated February 08, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $71 to $90.
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 $74.69 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $76.17 at the most recent close of the market. An investor can expect a potential drop of -1.94% based on the average UBER price forecast.
Analyzing the UBER fundamentals
Trailing Twelve Months sales for Uber Technologies Inc [NYSE:UBER] were 40.06B which represents 15.93% growth. 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 75.15 points at the first support level, and at 74.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.11, and for the 2nd resistance point, it is at 78.04.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Uber Technologies Inc [NYSE:UBER] is 1.21. Also, the Quick Ratio is 1.21, while the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 3.99, the price to book ratio is 12.94 and price to earnings (TTM) ratio is 81.95.
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.
