Uber Technologies Inc (NYSE:UBER) has a beta value of 1.34 and has seen 14.11 million shares traded in the recent trading session. The company, currently valued at $133.73B, closed the recent trade at $63.51 per share which meant it gained $2.48 on the day or 4.06% during that session. The UBER stock price is -36.99% off its 52-week high price of $87.00 and 13.65% above the 52-week low of $54.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 41.99 million shares traded. The 3-month trading volume is 21.54 million shares.
The consensus among analysts is that Uber Technologies Inc (UBER) is Buy stock at the moment, with a recommendation rating of 1.33. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 32 have rated it as a Hold, with 30 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.5.
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Uber Technologies Inc (NYSE:UBER) trade information
Sporting 4.06% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the UBER stock price touched $63.51 or saw a rise of 0.67%. Year-to-date, Uber Technologies Inc shares have moved 3.15%, while the 5-day performance has seen it change 3.81%. Over the past 30 days, the shares of Uber Technologies Inc (NYSE:UBER) have changed -8.39%. Short interest in the company has seen 60.35 million shares shorted with days to cover at 2.78.
Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could jump 29.43% from the levels at last check today. The projected low price target is $42.0 while the price target rests at a high of $99.0. In that case, then, we find that the latest price level in today’s session is -55.88% off the targeted high while a plunge would see the stock lose 33.87% from the levels at last check today.
Uber Technologies Inc (UBER) estimates and forecasts
Figures show that Uber Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -9.66% over the past 6 months, with this year growth rate of 117.24%, compared to 20.00% for the industry. Revenue growth from the last financial year stood is estimated to be 17.23%.
39 analysts offering their estimates for the company have set an average revenue estimate of 11.77B for the current quarter. 26 have an estimated revenue figure of 11.82B for the next ending quarter. Year-ago sales stood 9.94B and 10.13B respectively for this quarter and the next, and analysts expect sales will grow by 18.46% for the current quarter and 17.23% for the next.
Earnings growth for 2024 is a modest 108.18% while over the next 5 years, the company’s earnings are expected to increase by 40.76%.
UBER Dividends
Uber Technologies Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Uber Technologies Inc (NYSE:UBER)’s Major holders
Insiders own 0.18% of the company shares, while shares held by institutions stand at 83.93% with a share float percentage of 84.08%. Investors are also buoyed by the number of investors in a company, with Uber Technologies Inc having a total of 2419.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 176.19 million shares worth more than $12.81 billion. As of 2024-06-30, VANGUARD GROUP INC held 8.4771% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 147.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.72 billion and represent 7.0951% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 3.00% shares in the company for having 63.27 shares of worth $3.98 billion while later fund manager owns 55.02 shares of worth $3.46 billion as of Sep 30, 2024, which makes it owner of about 2.61% of company’s outstanding stock.
