Analysts Provide An Important Insights On Uber Technologies Inc (UBER)

Uber Technologies Inc (NYSE:UBER) concluded the trading at $67.79 on Wednesday, May 01, with a rise of 2.29% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $66.27. Company’s P/E ratio for the trailing 12 months is 77.28. Considering stock’s 52-week price range provides that UBER hit a high price of $82.14 and saw its price falling to a low level of $31.76 during that period. Over a period of past 1-month, stock came subtracting -11.94% in its value.

In contrast, when we review UBER stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the UBER stock which is currently positioned at 1.64. It further provides that stock’s current price level is -6.24% away from its 20-day simple moving average and is -10.64% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 35.63 while volatility remained at 3.56% over the past week which changes to 3.56% when measuring it over the past month. Beta is valued at 1.39, while measure of average true range or ATR is currently at 2.54.

Having a second look at Uber Technologies Inc (NYSE:UBER) provides that stock’s average daily trading volume for 3 months was 19.01 million. Number of outstanding shares of the stock stood at 2.07 billion.

The percentage of outstanding shares held by the insiders is 3.93% while it is 79.32% for the institutional holders. Addition of 10.10% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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