In recent trading session, Uber Technologies Inc (NYSE:UBER) saw 7.39 million shares changing hands at last check today with its beta currently measuring 1.33. Company’s recent per share price level of $79.79 trading at -$2.11 or -2.57% at last check today assigns it a market valuation of $167.64B. That most recent trading price of UBER’s stock is at a discount of -9.04% from its 52-week high price of $87.00 and is indicating a premium of 49.76% from its 52-week low price of $40.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.64 million shares which gives us an average trading volume of 16.07 million if we extend that period to 3-months.
For Uber Technologies Inc (UBER), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.35. Splitting up the data highlights that, out of 32 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 30 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.39 in the current quarter.
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Uber Technologies Inc (NYSE:UBER) trade information
Upright in the red during last session for losing -2.57%, in the last five days UBER remained trading in the green while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $79.79 price level, adding 8.29% to its value on the day. Uber Technologies Inc’s shares saw a change of 29.60% in year-to-date performance and have moved 2.40% in past 5-day. Uber Technologies Inc (NYSE:UBER) showed a performance of 8.56% in past 30-days. Number of shares sold short was 52.6 million shares which calculate 3.8 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 81 to the stock, which implies a rise of 1.49% to its recent value today. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 49.87% in reaching the projected high whereas dropping to the targeted low would mean a gain of 49.87% for stock’s current value.
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 11.91% of value to its shares in past 6 months, showing an annual growth rate of 24.14% while that of industry is 4.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.50% from the last financial year’s standing.
40 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.97B for the same. And 40 analysts are in estimates of company making revenue of 11.58B in the next quarter. Company posted 9.29B and 9.28B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 26.55% while estimates for its earnings growth in next 5 years are of 44.90%.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Insiders are in possession of 0.18% of company’s total shares while institution are holding 83.23 percent of that, with stock having share float percentage of 83.38%. Investors also watch the number of corporate investors in a company very closely, which is 83.23% 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 176.19 million shares of worth $12.81 billion. And as of 2024-06-30, it was holding 8.4771 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 147.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.0951 of outstanding shares, having a total worth of $10.72 billion.
