Uber Technologies Inc (NYSE:UBER) price on Thursday, May 22, fall -0.76% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $88.00.
A look at the stock’s price movement, the close in the last trading session was $88.67. The PE ratio in trailing twelve months stood at 15.34. Turning to its 52-week performance, $93.60 and $54.84 were the 52-week high and 52-week low respectively. Overall, UBER moved 19.29% over the past month.
Uber Technologies Inc’s market cap currently stands at around $184.02 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 12.45B for the company’s revenue for the quarter, with a low and high estimate of 11.87B and 12.73B respectively. The average forecast suggests up to a 16.38% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 50.56B, representing a 14.96% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UBER is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
32 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 30 recommend UBER as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UBER’s current price about 2.63% and 13.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.14, while 7-day volatility ratio is 1.79% and 2.32% in the 30-day chart. Further, Uber Technologies Inc (UBER) has a beta value of 1.40, and an average true range (ATR) of 3.15. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $90 and high of $90. Looking at the price targets, the low is -2.27% off current price level while to achieve the yearly target high, price needs to move -2.27%. Nonetheless, investors will most likely welcome a -2.27% jump to $90 which is the analysts’ median price.
If we refocus on Uber Technologies Inc (NYSE:UBER), historical trading data shows that trading volumes averaged 20.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.09 billion shares.
The 3.92% of Uber Technologies Inc’s shares are in the hands of company insiders while institutional holders own 79.37% of the company’s shares. Current price change has pushed the stock 45.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UBER stock continues to rise going into the next quarter.
