Investor Confidence Is Shaken After Uber Technologies Inc (NYSE: UBER) Share Prices Dropped By -$0.09

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Uber Technologies Inc (NYSE:UBER) has a beta value of 1.33 and has seen 2.47 million shares traded in the recent trading session. The company, currently valued at $162.51B, closed the recent trade at $77.35 per share which meant it lost -$0.09 on the day or -0.12% during that session. The UBER stock price is -6.19% off its 52-week high price of $82.14 and 48.17% above the 52-week low of $40.09. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.93 million shares traded. The 3-month trading volume is 15.55 million shares.

The consensus among analysts is that Uber Technologies Inc (UBER) is Buy stock at the moment, with a recommendation rating of 1.31. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 32 have rated it as a Hold, with 30 advising it as a Buy. 0 have rated the stock as Underweight.

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Uber Technologies Inc (NYSE:UBER) trade information

Sporting -0.12% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the UBER stock price touched $77.35 or saw a rise of 0.71%. Year-to-date, Uber Technologies Inc shares have moved 25.63%, while the 5-day performance has seen it change 5.24%. Over the past 30 days, the shares of Uber Technologies Inc (NYSE:UBER) have changed 6.53%. Short interest in the company has seen 51.85 million shares shorted with days to cover at 3.09.

Wall Street analysts have a consensus price target for the stock at $80, which means that the shares’ value could jump 3.31% from the levels at last check today. The projected low price target is $40.0 while the price target rests at a high of $100.0. In that case, then, we find that the latest price level in today’s session is -29.28% off the targeted high while a plunge would see the stock lose 48.29% from the levels at last check today.

Uber Technologies Inc (UBER) estimates and forecasts

Figures show that Uber Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -0.72% over the past 6 months, with this year growth rate of 21.84%, compared to 8.40% for the industry.

Earnings growth for 2024 is a modest 24.13% while over the next 5 years, the company’s earnings are expected to increase by 47.00%.

UBER Dividends

Uber Technologies Inc is expected to release its next earnings report on 2024-Nov-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 0.18% of the company shares, while shares held by institutions stand at 83.55% with a share float percentage of 83.69%. Investors are also buoyed by the number of investors in a company, with Uber Technologies Inc having a total of 2322.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 176.19 million shares worth more than $12.81 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.4771% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 147.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.72 billion and represent 7.0951% of shares outstanding.