Uber Technologies, Inc. (NYSE:UBER) has a beta value of 0 and has seen 6,070,347 shares traded in the recent trading session. The company, currently valued at $59.85 Billion, closed the recent trade at $34.06 per share which meant it gained $0.34 on the day or 1.02% during that session. The UBER stock price is -22.9% off its 52-week high price of $41.86 and 59.75% above the 52-week low of $13.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.16 Million shares traded. The 3-month trading volume is 20.5 Million shares.
The consensus among analysts is that Uber Technologies, Inc. (UBER) is an Overweight stock at the moment, with a recommendation rating of 1.9. 3 analysts rate the stock as a Sell, while 4 rate it as Overweight. 4 out of 41 have rated it as a Hold, with 30 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.65.
Uber Technologies, Inc. (NYSE:UBER) trade information
Sporting 1.02% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Oct 13 when the UBER stock price touched $36.23- or saw a rise of 5.71%. Year-to-date, Uber Technologies, Inc. shares have moved 14.86%, while the 5-day performance has seen it change -5.79%. Over the past 30 days, the shares of Uber Technologies, Inc. (NYSE:UBER) have changed -7.97%. Short interest in the company has seen 62.31 Million shares shorted with days to cover at 3.04.
Wall Street analysts have a consensus price target for the stock at $41.1, which means that the shares’ value could jump 20.67% from current levels. The projected low price target is $14 while the price target rests at a high of $58. In that case, then, we find that the current price level is +70.29% off the targeted high while a plunge would see the stock lose -58.9% from current levels.
Uber Technologies, Inc. (UBER) estimates and forecasts
Figures show that Uber Technologies, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +19.62% over the past 6 months, with this year growth rate of -43.91%, compared to 10.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 4.4% and 18.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -9.2%.
23 analysts offering their estimates for the company have set an average revenue estimate of $3.21 Billion for the current quarter. 23 have an estimated revenue figure of $3.85 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $3.81 Billion and $4.07 Billion respectively for this quarter and the next, and analysts expect sales will grow by -15.9% for the current quarter and -5.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -66.4% over the past 5 years. Earnings growth for 2020 is a modest +43.3% while over the next 5 years, the company’s earnings are expected to increase by 64.3%.
Uber Technologies, Inc. (NYSE:UBER)’s Major holders
Insiders own 5.36% of the company shares, while shares held by institutions stand at 61.02% with a share float percentage of 64.48%. Investors are also buoyed by the number of investors in a company, with Uber Technologies, Inc. having a total of 885 institutions that hold shares in the company. The top two institutional holders are SB Investment Advisers (UK) LTD with over 222.23 Million shares worth more than $6.91 Billion. As of June 29, 2020, SB Investment Advisers (UK) LTD held 12.68% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 86.92 Million shares as of June 29, 2020. The firm’s total holdings are worth over $2.7 Billion and represent 4.96% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Harbor Capital Appreciation Fund. As of June 29, 2020, the former fund manager holds about 1.83% shares in the company for having 32121874 shares of worth $998.35 Million while later fund manager owns 18.38 Million shares of worth $556.27 Million as of July 30, 2020, which makes it owner of about 1.05% of company’s outstanding stock.