Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Uber Technologies Inc (NYSE: UBER) closed at $71.94 down -2.95% from its previous closing price of $74.13. In other words, the price has decreased by -$2.95 from its previous closing price. On the day, 15.35 million shares were traded. UBER stock price reached its highest trading level at $75.615 during the session, while it also had its lowest trading level at $71.04.
Ratios:
For a deeper understanding of Uber Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.54. For the most recent quarter (mrq), Quick Ratio is recorded 1.19 and its Current Ratio is at 1.19. In the meantime, Its Debt-to-Equity ratio is 1.05 whereas as Long-Term Debt/Eq ratio is at 1.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on February 22, 2024, Reiterated its Buy rating but revised its target price to $90 from $80 previously.
On February 08, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $71 to $90.
Gordon Haskett Downgraded its Buy to Hold on January 24, 2024, while the target price for the stock was maintained at $66.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 14 ’24 when Hazelbaker Jill sold 20,000 shares for $77.83 per share. The transaction valued at 1,556,674 led to the insider holds 107,290 shares of the business.
West Tony sold 18,750 shares of UBER for $1,313,926 on Feb 12 ’24. The insider now owns 185,566 shares after completing the transaction at $70.08 per share. On Nov 14 ’23, another insider, KHOSROWSHAHI DARA, who serves as the Chief Executive Officer of the company, sold 100,000 shares for $52.84 each. As a result, the insider received 5,284,000 and left with 1,016,243 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UBER now has a Market Capitalization of 149745991680 and an Enterprise Value of 157239230464. As of this moment, Uber’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.01, and their Forward P/E ratio for the next fiscal year is 35.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.02 while its Price-to-Book (P/B) ratio in mrq is 13.25. Its current Enterprise Value per Revenue stands at 4.218 whereas that against EBITDA is 81.345.
Stock Price History:
Over the past 52 weeks, UBER has reached a high of $82.14, while it has fallen to a 52-week low of $29.22. The 50-Day Moving Average of the stock is -6.07%, while the 200-Day Moving Average is calculated to be 25.10%.
Shares Statistics:
For the past three months, UBER has traded an average of 18.55M shares per day and 15910190 over the past ten days. A total of 2.07B shares are outstanding, with a floating share count of 2.00B. Insiders hold about 3.93% of the company’s shares, while institutions hold 79.34% stake in the company. Shares short for UBER as of 1711584000 were 54104382 with a Short Ratio of 2.92, compared to 1709164800 on 59156203. Therefore, it implies a Short% of Shares Outstanding of 54104382 and a Short% of Float of 2.7.
Earnings Estimates
The current market rating for Uber Technologies Inc (UBER) reflects the collective analysis of Uber Technologies, Inc. analysts closely monitoring its performance.The consensus estimate for the next quarter is $68.88, with high estimates of $32.00 and low estimates of $67.23.
