While Uber Technologies Inc has underperformed by -1.19%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UBER rose by 5.28%, with highs and lows ranging from $87.00 to $54.84, whereas the simple moving average fell by -9.82% in the last 200 days.
On October 31, 2024, Gordon Haskett Upgraded Uber Technologies Inc (NYSE: UBER) to Buy. A report published by The Benchmark Company on October 25, 2024, Initiated its previous ‘Hold’ rating for UBER. Daiwa Securities also Downgraded UBER shares as ‘Neutral’, setting a target price of $84 on the company’s shares in a report dated October 17, 2024. Truist Reiterated the rating as Buy on October 07, 2024, but set its price target from $88 to $99. Raymond James initiated its ‘Strong Buy’ rating for UBER, as published in its report on September 24, 2024. Cantor Fitzgerald’s report from September 05, 2024 suggests a price prediction of $90 for UBER shares, giving the stock a ‘Overweight’ rating. Melius also rated the stock as ‘Hold’.
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Analysis of Uber Technologies Inc (UBER)
Further, the quarter-over-quarter increase in sales is 20.40%, showing a positive trend in the upcoming months.
Uber Technologies Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 36.47% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.41, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and UBER is registering an average volume of 19.15M. On a monthly basis, the volatility of the stock is set at 3.05%, whereas on a weekly basis, it is put at 4.18%, with a loss of -8.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $90.89, showing growth from the present price of $64.96, which can serve as yet another indication of whether UBER is worth investing in or should be passed over.
How Do You Analyze Uber Technologies Inc Shares?
A giant in the Software – Application market, Uber Technologies Inc (UBER) is based in the USA. When comparing Uber Technologies Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 31.79, there is a growth in quarterly earnings of 1129.61%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UBER shares are owned by institutional investors to the tune of 79.62% at present.
