During the last session, Uber Technologies Inc (NYSE:UBER)’s traded shares were 14.7 million, with the beta value of the company hitting 1.33. At the end of the trading day, the stock’s price was $79.43, reflecting an intraday gain of 0.28% or $0.22. The 52-week high for the UBER share is $87.00, that puts it down -9.53 from that peak though still a striking 47.11% gain since the share price plummeted to a 52-week low of $42.01. The company’s market capitalization is $166.88B, and the average intraday trading volume over the past 10 days was 13.79 million shares, and the average trade volume was 15.54 million shares over the past three months.
Uber Technologies Inc (UBER) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.41. UBER has a Sell rating from 1 analyst(s) out of 32 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 30 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.41.
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Uber Technologies Inc (NYSE:UBER) trade information
Uber Technologies Inc (UBER) registered a 0.28% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.28% in intraday trading to $79.43, hitting a weekly high. The stock’s 5-day price performance is -0.50%, and it has moved by 6.99% in 30 days. Based on these gigs, the overall price performance for the year is 85.89%. The short interest in Uber Technologies Inc (NYSE:UBER) is 55.17 million shares and it means that shorts have 3.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $80, which implies an increase of 0.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $100 respectively. As a result, UBER is trading at a discount of -25.9% off the target high and 49.64% off the low.
Uber Technologies Inc (UBER) estimates and forecasts
Statistics show that Uber Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Uber Technologies Inc (UBER) shares have gone up 17.17% during the last six months, with a year-to-date growth rate more than the industry average at 26.44% against 5.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 310.00% this quarter and then drop -21.00% in the quarter after that. In the rating firms’ projections, revenue will increase 24.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.98B as predicted by 41 analyst(s). Meanwhile, a consensus of 41 analyst(s) estimates revenue growth to 11.6B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 9.29B and 9.28B respectively. In this case, analysts expect current quarter sales to grow by 18.10% and then jump by 25.00% in the coming quarter.
While earnings are projected to return 28.48% in 2024, the next five years will return 44.90% per annum.
UBER Dividends
Uber Technologies Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Uber Technologies Inc insiders own 0.18% of total outstanding shares while institutional holders control 83.33%, with the float percentage being 83.47%. VANGUARD GROUP INC is the largest shareholder of the company, while 2349.0 institutions own stock in it. As of 2024-06-30, the company held over 176.19 million shares (or 8.4771% of all shares), a total value of $12.81 billion in shares.
The next largest institutional holding, with 147.47 million shares, is of BLACKROCK INC.’s that is approximately 7.0951% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.72 billion.
