At the time of writing, Uber Technologies Inc [UBER] stock is trading at $86.34, up 10.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The UBER shares have gain 16.24% over the last week, with a monthly amount glided 26.80%, 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.
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 $75.17 within the next 12 months. Uber Technologies Inc [NYSE: UBER] shares were valued at $86.34 at the most recent close of the market. An investor can expect a potential drop of -12.94% 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 83.13 points at the first support level, and at 79.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.27, and for the 2nd resistance point, it is at 90.21.
Ratios To Look Out For
It is important to note that Uber Technologies Inc [NYSE:UBER] has a current ratio of 1.21. In addition, the Quick Ratio stands at 1.21 and the Cash Ratio stands at 0.51. Considering the valuation of this stock, the price to sales ratio is 4.53, the price to book ratio is 14.67 and price to earnings (TTM) ratio is 92.89.
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.
