Uber Technologies Inc (NYSE:UBER) shares, rose in value, with the stock price down by -2.03% to the previous day’s close as strong demand from buyers drove the stock to $69.36.
Actively observing the price movement in the last trading, the stock closed the session at $70.80. The PE ratio was 79.07 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 -12.66% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UBER’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.68, with the price of UBER currently trading nearly -6.96% and -9.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.55, while the 7-day volatility ratio is showing 3.43% which for the 30-day chart, stands at 3.33%. Furthermore, Uber Technologies Inc (UBER)’s beta value is 1.37, and its average true range (ATR) is 2.56.
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 -2.03% in last session, and over the past year, it grew by 126.08%%.
Data on historical trading for Uber Technologies Inc (NYSE:UBER) indicates that the trading volumes over the past 3 months, they’ve averaged 18.66 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 79.35% of the company’s shares. The stock has risen by 12.65% 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.
