Uber Technologies Inc (NYSE:UBER)’s traded shares stood at 4.82 million during the latest session, with the company’s beta value hitting 1.33. At the last check today, the stock’s price was $77.97, to imply a decrease of -2.33% or -$1.86 in intraday trading. The UBER share’s 52-week high remains $87.00, putting it -11.58% down since that peak but still an impressive 48.58% since price per share fell to its 52-week low of $40.09. The company has a valuation of $163.80B, with an average of 18.64 million shares in intraday trading volume over the past 10 days and average of 15.87 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Uber Technologies Inc (UBER), translating to a mean rating of 1.35. Of 32 analyst(s) looking at the stock, 1 analyst(s) give UBER a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 30 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.41.
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Uber Technologies Inc (NYSE:UBER) trade information
After registering a -2.33% downside in the latest session, Uber Technologies Inc (UBER) has traded red over the past five days. The 5-day price performance for the stock is -2.42%, and 1.07% over 30 days. With these gigs, the year-to-date price performance is 26.63%. Short interest in Uber Technologies Inc (NYSE:UBER) saw shorts transact 52.6 million shares and set a 3.8 days time to cover.
The extremes give us $40 and $100 for target low and target high price respectively. As such, UBER has been trading -28.25% off suggested target high and 48.7% from its likely low.
Uber Technologies Inc (UBER) estimates and forecasts
Looking at statistics comparing Uber Technologies Inc share performance against respective industry, we note that the company has outperformed competitors. Uber Technologies Inc (UBER) shares are 12.49% up over the last 6 months, with its year-to-date growth rate higher than industry average at 25.29% against 5.60%. Revenue is forecast to grow 310.00% this quarter before falling -22.60% for the next one. The rating firms project that company’s revenue will grow 24.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 41 analysts is 10.98B. Meanwhile, for the current quarter, a total of 41 analyst(s) estimate revenue growth to 11.6B.Earnings reports from the last fiscal year show that sales brought in 9.29B and 9.28B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 18.10% before jumping 24.90% in the following quarter.
UBER Dividends
Uber Technologies Inc has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Uber Technologies Inc insiders hold 0.18% of total outstanding shares, with institutional holders owning 83.23% of the shares at 83.38% float percentage. In total, 83.23% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 176.19 million shares (or 8.4771% of shares), all amounting to roughly $12.81 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 147.47 million shares, or about 7.0951% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $10.72 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Uber Technologies Inc (UBER) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 62.73 shares. This is just over 2.99% of the total shares, with a market valuation of $4.92 billion. Data from the same date shows that the other fund manager holds a little less at 53.63, or 2.55% of the shares, all valued at about 4.21 billion.
