In last trading session, Uber Technologies Inc (NYSE:UBER) saw 16.18 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $80.25 trading at $1.61 or 2.05% at ring of the bell on the day assigns it a market valuation of $166.64B. That closing price of UBER’s stock is at a discount of -2.36% from its 52-week high price of $82.14 and is indicating a premium of 63.59% from its 52-week low price of $29.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.05 million shares which gives us an average trading volume of 20.83 million if we extend that period to 3-months.
Uber Technologies Inc (NYSE:UBER) trade information
Upright in the green during last session for gaining 2.05%, in the last five days UBER remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $80.25 price level, adding 1.21% to its value on the day. Uber Technologies Inc’s shares saw a change of 30.34% in year-to-date performance and have moved 3.35% in past 5-day. Uber Technologies Inc (NYSE:UBER) showed a performance of 4.98% in past 30-days. Number of shares sold short was 59.16 million shares which calculate 2.53 days to cover the short interests.
Uber Technologies Inc (UBER) estimates and forecasts
Statistics highlight that Uber Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 72.40% of value to its shares in past 6 months, showing an annual growth rate of 36.78% while that of industry is 22.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 375.00% in the current quarter and calculating 55.60% increase in the next quarter. This year revenue growth is estimated to rise 16.10% from the last financial year’s standing.
38 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $9.27 billion for the same. And 36 analysts are in estimates of company making revenue of $9.77 billion in the next quarter that will end on Jun 2024. Company posted $8.82 billion and $9.23 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 5.10% while estimating it to be 5.90% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 42.86% while estimates for its earnings growth in next 5 years are of 47.00%.
UBER Dividends
Uber Technologies Inc is more likely to be releasing its next quarterly report between April 30 and May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Insiders are in possession of 0.16% of company’s total shares while institution are holding 83.87 percent of that, with stock having share float percentage of 84.00%. Investors also watch the number of corporate investors in a company very closely, which is 83.87% institutions for Uber Technologies Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at UBER for having 167.63 million shares of worth $13.45 billion. And as of Dec 30, 2023, it was holding 8.07% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 139.35 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.71% of outstanding shares, having a total worth of $11.18 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 61.38 million shares of worth $4.93 billion or 2.96% of the total outstanding shares. The later fund manager was in possession of 50.27 million shares on Dec 30, 2023, making its stake of worth around $4.03 billion in the company or a holder of 2.42% of company’s stock.
