In today’s recent session, 3.42 million shares of the Uber Technologies Inc (NYSE:UBER) have been traded, and its beta is 1.34. Most recently the company’s share price was $64.96, and it changed around -$0.78 or -1.19% from the last close, which brings the market valuation of the company to $136.78B. UBER at last check was trading at a discount to its 52-week high of $87.00, offering almost -33.93% off that amount. The share price’s 52-week low was $54.84, which indicates that the recent value has risen by an impressive 15.58% since then. We note from Uber Technologies Inc’s average daily trading volume that its 10-day average is 23.44 million shares, with the 3-month average coming to 19.15 million.
Uber Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 55 analysts rate the stock as a Sell; another 14 rate it as Overweight. Among the rest, 8 recommended UBER as a Hold, whereas 33 deemed it a Buy, and 0 rated it as Underweight. Uber Technologies Inc is expected to report earnings per share of 0.5 for the current quarter.
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Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER has been showing red trend so far today with a performance of -1.19% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 72.40 on recent trading dayincreased the stock’s daily price by 10.28%. The company’s shares are currently up 5.50% year-to-date, but still down -8.86% over the last five days. On the other hand, Uber Technologies Inc (NYSE:UBER) is -9.83% down in the 30-day period. We can see from the shorts that 58.21 million shares have been sold at a short interest cover period of 3.04 day(s).
The consensus price target as assigned by Wall Street analysts is $90, which translates to bulls needing to increase their stock price by 27.82% from its current value. Analyst projections state that UBER is forecast to be at a low of $42 and a high of $99.
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 fallen -6.66 percent over the past six months and at a 117.24% annual growth rate that is well above the industry average of 8.00%. The year-over-year growth rate is expected to be 17.23%, up from the previous year.
Consensus estimates provided by 39 financial analysts predict the company will bring in an average of 11.77B in revenue for the current quarter. 26 analysts expect Uber Technologies Inc to make 11.82B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 9.94B and 10.13B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.47%. Forecasts for the next quarter put sales growth at 16.64%.
Uber Technologies Inc earnings are expected to increase by 108.15% in 2024, but the outlook is positive 40.76% per year for the next five years.
UBER Dividends
Uber Technologies Inc’s next quarterly earnings report is expected to be released in January.
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 83.93% of them are in the hands of institutional investors. The stock currently has a share float of 84.08%. Uber Technologies Inc stock is held by 2419.0 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.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 63.27 shares worth $4.12 billion, making up 3.00% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 55.02 shares worth around $3.58 billion, which represents about 2.61% of the total shares outstanding.
