Uber Technologies Inc (NYSE:UBER) shares, rose in value on Friday, April 05, with the stock price up by 3.07% to the previous day’s close as strong demand from buyers drove the stock to $77.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $74.92. The value of beta (5-year monthly) is 1.37 whereas the PE ratio is 88.03 over 12-month period. Referring to stock’s 52-week performance, its high was $82.14, and the low was $29.22. On the whole, UBER has fluctuated by -1.81% over the past month.
With the market capitalization of Uber Technologies Inc currently standing at about $160.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.24, which is expected to increase to $0.55 for fiscal year $1.36 and then to about $2.18 by fiscal year 2025. Data indicates that the EPS growth is expected to be 56.30% in 2025, while the next year’s EPS growth is forecast to be 60.30%.
Analysts have estimated the company’s revenue for the quarter at $10.08 billion, with a low estimate of $8.6 billion and a high estimate of $10.99 billion. According to the average forecast, sales growth in current quarter could jump up 14.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $43.3 billion, representing an increase of 16.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that UBER’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.87, with the price of UBER currently trading nearly -0.71% and 2.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.06, while the 7-day volatility ratio is showing 2.86% which for the 30-day chart, stands at 2.84%. Furthermore, Uber Technologies Inc (UBER)’s beta value is 1.36, and its average true range (ATR) is 2.25.
A comparison of Uber Technologies Inc (UBER) with its peers suggests the former has fared considerably weaker in the market. UBER showed an intraday change of 3.07% in today’s session so far, and over the past year, it grew by 145.99%%.
Data on historical trading for Uber Technologies Inc (NYSE:UBER) indicates that the trading volumes over the past 10 days have averaged 13.94 million and over the past 3 months, they’ve averaged 19.50 million. According to company’s latest data on outstanding shares, there are 2.07 billion shares outstanding.
Nearly 3.93% of Uber Technologies Inc’s shares belong to company insiders and institutional investors own 79.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 57.82 million shares as on Mar 15, 2024, resulting in a short ratio of 3.28. According to the data, the short interest in Uber Technologies Inc (UBER) stood at 2.78% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 54.7 million. The stock has risen by 25.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UBER stock heading into the next quarter.
