Uber Technologies Inc (NYSE:UBER) traded at $74.56 at last check on Monday, April 08, made a downward move of -3.38% on its previous day’s price.
Looking at the stock we see that its previous close was $77.16 and the beta (5Y monthly) reads 1.37. The company has a trailing 12-month PE ratio of 84.99. In terms of its 52-week price range, UBER has a high of $82.14 and a low of $29.22. The company’s stock has lost about -6.11% over that past 30 days.
Uber Technologies Inc has a market cap of $154.81 billion and is expected to release its quarterly earnings report on Apr 30, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of $0.24, with the EPS growth for the year raised at $1.38 for 2024 and $2.19 for next year. These figures represent 58.60% and 58.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $10.08 billion, with a low of $8.6 billion and a high of $10.99 billion. The median projection represents growth squeezing down to 14.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $43.3 billion, or 16.10% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the UBER stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the UBER stock currently stands at 1.81, and the most recent price level today is -3.99% off its SMA20 and -1.15% from its 50-day simple moving average. The RSI (14) is pointing at 42.84 while the volatility over the past week is 3.49% and jumps to 2.91% over the past one month. The beta value is 1.36, while the average true range (ATR) is currently pointing at 2.39.
Coming back to Uber Technologies Inc (NYSE:UBER), we note that the average 3-month trading volume was 19.56 million, while that of the preceding 10-day period stands at 14.48 million. Current shares outstanding are 2.07 billion.
The insiders hold 3.93% of the company’s shares while institutions hold 79.55%. The data shows that short shares as of Mar 15, 2024, stood at 57.82 million at a short ratio of 3.28. This represents a 2.78% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 54.7 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 21.09% up in year-to-date price movement.
