In the last trading session, 11.67 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 $77.62, and it changed around -$0.76 or -0.97% from the last close, which brings the market valuation of the company to $163.07B. UBER currently trades at a discount to its 52-week high of $87.00, offering almost -12.08% off that amount. The share price’s 52-week low was $40.09, which indicates that the current value has risen by an impressive 48.35% since then. We note from Uber Technologies Inc’s average daily trading volume that its 10-day average is 14.12 million shares, with the 3-month average coming to 15.87 million.
Uber Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.38. If we narrow it down even further, the data shows that 0 out of 51 analysts rate the stock as a Sell; another 10 rate it as Overweight. Among the rest, 6 recommended UBER as a Hold, whereas 35 deemed it a Buy, and 0 rated it as Underweight. Uber Technologies Inc is expected to report earnings per share of 0.41 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER has showed a red trend with a performance of -0.97% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 81.25 on recent trading dayincreased the stock’s daily price by 4.47%. The company’s shares are currently up 26.07% year-to-date, but still down -1.95% over the last five days. On the other hand, Uber Technologies Inc (NYSE:UBER) is 1.21% up in the 30-day period. We can see from the shorts that 55.17 million shares have been sold at a short interest cover period of 3.57 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 2.97% 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 12.41 percent over the past six months and at a 26.44% annual growth rate that is well above the industry average of 5.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 310.00% in revenue this quarter, and will report a decrease of -21.00% in the next quarter. The year-over-year growth rate is expected to be 24.60%, up from the previous year.
Consensus estimates provided by 41 financial analysts predict the company will bring in an average of 10.98B in revenue for the current quarter. 41 analysts expect Uber Technologies Inc to make 11.6B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.29B and 9.28B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.10%. Forecasts for the next quarter put sales growth at 25.00%.
Uber Technologies Inc earnings are expected to increase by 28.38% 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 83.27% of them are in the hands of institutional investors. The stock currently has a share float of 83.42%. Uber Technologies Inc stock is held by 2345.0 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.
