In the latest trading session, 5.1 million Uber Technologies Inc (NYSE:UBER) shares changed hands as the company’s beta touched 1.37. With the company’s most recent per share price at $66.87 changing hands around $2.03 or 3.13% at last look, the market valuation stands at $140.81B. UBER’s current price is a discount, trading about -30.1% off its 52-week high of $87.00. The share price had its 52-week low at $54.84, which suggests the last value was 17.99% up since then. When we look at Uber Technologies Inc’s average trading volume, we note the 10-day average is 25.99 million shares, with the 3-month average coming to 24.05 million.
Analysts gave the Uber Technologies Inc (UBER) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.36. If we narrow down to specifics, the data shows that 1 out of 32 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended UBER as a Hold, 30 felt it is a Buy and 0 rated the stock as Underweight. Uber Technologies Inc’s EPS for the current quarter is expected to be 0.48.
Uber Technologies Inc (NYSE:UBER) trade information
Instantly UBER is in green as seen in intraday trades today. With action 1.09%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 10.86%, with the 5-day performance at 1.09% in the green. However, in the 30-day time frame, Uber Technologies Inc (NYSE:UBER) is 8.89% up. Looking at the short shares, we see there were 52.34 million shares sold at short interest cover period of 1.75 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90, meaning bulls need an upside of 25.7% from its recent market value. According to analyst projections, UBER’s forecast low is 42 with 99 as the target high. To hit the forecast high, the stock’s price needs a -48.05% plunge from its current level, while the stock would need to tank 37.19% for it to hit the projected low.
Uber Technologies Inc (UBER) estimates and forecasts
Data shows that the Uber Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.00% over the past 6 months, a 119.54% in annual growth rate that is considerably higher than the industry average of 20.00%. Year-over-year growth is forecast to reach 17.26% up from the last financial year.
Consensus estimates given by 40 financial analysts project the company’s revenue in the current quarter to hit an average of 11.78B. 30 analysts are of the opinion that Uber Technologies Inc’s revenue for the current quarter will be 11.78B. The company’s revenue for the corresponding quarters a year ago was 9.94B and 10.13B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.57%. The estimates for the next quarter sales put growth at 16.31%.
The 2025 estimates are for Uber Technologies Inc earnings to increase by 108.16%, but the outlook for the next 5-year period is at 40.76% per year.
UBER Dividends
Uber Technologies Inc is expected to release its next quarterly earnings report in February.
Uber Technologies Inc (NYSE:UBER)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.18% of Uber Technologies Inc shares while 84.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.31%. There are 84.16% institutions holding the Uber Technologies Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.4771% of the shares, roughly 176.19 million UBER shares worth $12.81 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.0951% or 147.47 million shares worth $10.72 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 63.27 shares estimated at $4.23 billion under it, the former controlled 3.00% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.61% of the shares, roughly 55.02 shares worth around $3.68 billion.
