In the last trading session, 17.68 million shares of the Uber Technologies Inc (NYSE:UBER) were traded, and its beta was 1.33. Most recently the company’s share price was $76.17, and it changed around $1.58 or 2.12% from the last close, which brings the market valuation of the company to $160.03B. UBER currently trades at a discount to its 52-week high of $82.14, offering almost -7.84% off that amount. The share price’s 52-week low was $40.09, which indicates that the current value has risen by an impressive 47.37% since then. We note from Uber Technologies Inc’s average daily trading volume that its 10-day average is 12.32 million shares, with the 3-month average coming to 15.36 million.
Uber Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.34. If we narrow it down even further, the data shows that 0 out of 49 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 6 recommended UBER as a Hold, whereas 33 deemed it a Buy, and 0 rated it as Underweight.
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Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER has showed a green trend with a performance of 2.12% 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 77.02 on recent trading dayincreased the stock’s daily price by 1.1%. The company’s shares are currently up 23.71% year-to-date, but still up 2.60% over the last five days. On the other hand, Uber Technologies Inc (NYSE:UBER) is 9.13% up in the 30-day period. We can see from the shorts that 51.74 million shares have been sold at a short interest cover period of 4.09 day(s).
The consensus price target as assigned by Wall Street analysts is $80, which translates to bulls needing to increase their stock price by 4.79% from its current value. Analyst projections state that UBER is forecast to be at a low of $40 and a high of $100.
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 risen 1.37 percent over the past six months and at a 19.54% annual growth rate that is well above the industry average of 4.60%.
Uber Technologies Inc earnings are expected to increase by 24.23% in 2024, but the outlook is positive 44.90% per year for the next five years.
UBER Dividends
Uber Technologies Inc’s next quarterly earnings report is expected to be released in November.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.18% of Uber Technologies Inc shares, and 83.21% of them are in the hands of institutional investors. The stock currently has a share float of 83.36%. Uber Technologies Inc stock is held by 2315.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 8.4771% of the shares, which is about 176.19 million shares worth $12.81 billion.
BLACKROCK INC., with 7.0951% or 147.47 million shares worth $10.72 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
