Uber Technologies Inc (NYSE: UBER) closed the day trading at $76.40 down -0.77% from the previous closing price of $76.99. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 12197511 shares were traded.
Ratios:
For a better understanding of UBER, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.19. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 159.03B and an Enterprise Value of 164.82B. As of this moment, Uber’s Price-to-Earnings (P/E) ratio for their current fiscal year is 87.10, and their Forward P/E ratio for the next fiscal year is 38.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.26 while its Price-to-Book (P/B) ratio in mrq is 14.07. Its current Enterprise Value per Revenue stands at 4.42 whereas that against EBITDA is 43.64.
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 74.23, while the 200-Day Moving Average is calculated to be 55.56.
Shares Statistics:
Over the past 3-months, UBER traded about 20.32M shares per day on average, while over the past 10 days, UBER traded about 14.23M shares per day. A total of 2.07B shares are outstanding, with a floating share count of 1.99B. Insiders hold about 3.93% of the company’s shares, while institutions hold 79.55% stake in the company. Shares short for UBER as of Mar 15, 2024 were 57.82M with a Short Ratio of 2.85, compared to 54.7M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.78% and a Short% of Float of 2.88%.
Earnings Estimates
Current recommendations for the stock of the company come from 31 analysts. On average, analysts expect EPS of $0.24 for the current quarter, with a high estimate of $0.5 and a low estimate of $0.04, while EPS last year was -$0.08. The consensus estimate for the next quarter is $0.3, with high estimates of $0.55 and low estimates of $0.17.
Analysts are recommending an EPS of between $2.39 and $0.83 for the fiscal current year, implying an average EPS of $1.34. EPS for the following year is $2.17, with 37 analysts recommending between $3.69 and $1.3.
Revenue Estimates
38 analysts predict $10.08B in revenue for the current quarter. It ranges from a high estimate of $10.99B to a low estimate of $8.6B. As of the current estimate, Uber Technologies Inc’s year-ago sales were $8.82B, an estimated increase of 14.20% from the year-ago figure. For the next quarter, 36 analysts are estimating revenue of $10.62B, an increase of 15.10% over than the figure of $14.20% in the same quarter last year. There is a high estimate of $11.4B for the next quarter, whereas the lowest estimate is $9.18B.
A total of 45 analysts have provided revenue estimates for UBER’s current fiscal year. The highest revenue estimate was $44.48B, while the lowest revenue estimate was $40.76B, resulting in an average revenue estimate of $43.3B. In the same quarter a year ago, actual revenue was $37.28B, up 16.10% from the average estimate. Based on 44 analysts’ estimates, the company’s revenue will be $50.42B in the next fiscal year. The high estimate is $52.7B and the low estimate is $45.27B. The average revenue growth estimate for next year is up 16.40% from the average revenue estimate for this year.
