Uber Technologies Inc.’s (UBER): Have You Analyzed Stock’s Trends & Performance – Marketing Sentinel
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Uber Technologies Inc.’s (UBER): Have You Analyzed Stock’s Trends & Performance

In the last trading session, 17.93 million shares of the Uber Technologies Inc. (NYSE:UBER) were traded. Most recently the company’s share price was $47.77, and it changed around -$0.14 or -0.29% from the last close, which brings the market valuation of the company to $90.28B. UBER currently trades at a discount to its 52-week high of $64.05, offering almost -34.08% off that amount. The share price’s 52-week low was $32.90, which indicates that the current value has risen by an impressive 31.13% since then. We note from Uber Technologies Inc.’s average daily trading volume that its 10-day average is 21.38 million shares, with the 3-month average coming to 24.81 million.

Uber Technologies Inc. stock received a consensus recommendation rating of a Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 1 out of 44 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 3 recommended UBER as a Hold, whereas 36 deemed it a Buy, and 0 rated it as Underweight. Uber Technologies Inc. is expected to report earnings per share of -$0.37 for the current quarter.

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Uber Technologies Inc. (NYSE:UBER) trade information

Instantly UBER has showed a red trend with a performance of -0.29% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 48.88 on Friday, 10/08/21 increased the stock’s daily price by 2.27%. The company’s shares are currently down -6.33% year-to-date, but still up 1.53% over the last five days. On the other hand, Uber Technologies Inc. (NYSE:UBER) is 18.39% up in the 30-day period. We can see from the shorts that 75.66 million shares have been sold at a short interest cover period of 3.35 day(s).

The consensus price target as assigned by Wall Street analysts is $67.41, which translates to bulls needing to increase their stock price by 29.14% from its current value. Analyst projections state that UBER is forecast to be at a low of $34.00 and a high of $82.00. In order for the stock price to hit the forecast high, the stock would need to plunge -71.66% from its current level, while the stock would need to crash 28.83% from its current level to reach the projected low.

Uber Technologies Inc. (UBER) estimates and forecasts

Uber Technologies Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -19.63 percent over the past six months and at a 95.60% annual growth rate that is well above the industry average of 3.80%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 40.30% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 44.60%, up from the previous year.

Consensus estimates provided by 31 financial analysts predict the company will bring in an average of $4.45 billion in revenue for the current quarter. 31 analysts expect Uber Technologies Inc. to make $4.88 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $3.13 billion and $3.17 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 42.20%. Forecasts for the next quarter put sales growth at 54.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -32.50%. Uber Technologies Inc. earnings are expected to increase by 43.30% in 2021, but the outlook is positive 64.80% per year for the next five years.

UBER Dividends

Uber Technologies Inc.’s next quarterly earnings report is expected to be released around November 03 and November 08.

Uber Technologies Inc. (NYSE:UBER)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 1.27% of Uber Technologies Inc. shares, and 75.19% of them are in the hands of institutional investors. The stock currently has a share float of 76.16%. Uber Technologies Inc. stock is held by 1,399 institutions, with SB Investment Advisers (UK) LTD being the largest institutional investor. By Jun 29, 2021, it held 6.85% of the shares, which is about 129.12 million shares worth $6.47 billion.

Morgan Stanley, with 6.67% or 125.63 million shares worth $6.3 billion as of Jun 29, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 36.99 million shares worth $1.85 billion, making up 1.96% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 21.04 million shares worth around $1.05 billion, which represents about 1.12% of the total shares outstanding.

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