While Uber Technologies Inc has overperformed by 6.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UBER rose by 5.86%, with highs and lows ranging from $87.00 to $54.84, whereas the simple moving average jumped by 6.97% in the last 200 days.
On January 02, 2025, JMP Securities Downgraded Uber Technologies Inc (NYSE: UBER) to Mkt Perform. A report published by Gordon Haskett on October 31, 2024, Upgraded its rating to ‘Buy’ for UBER. Truist resumed its ‘Buy’ rating for UBER, as published in its report on October 07, 2024. Raymond James’s report from September 24, 2024 suggests a price prediction of $90 for UBER shares, giving the stock a ‘Strong Buy’ rating. Cantor Fitzgerald also rated the stock as ‘Overweight’.
Analysis of Uber Technologies Inc (UBER)
Further, the quarter-over-quarter increase in sales is 20.36%, showing a positive trend in the upcoming months.
One of the most important indicators of Uber Technologies Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 60.08% 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 also provide valuable insight into volatility, and UBER is recording 26.81M average volume. On a monthly basis, the volatility of the stock is set at 3.71%, whereas on a weekly basis, it is put at 6.16%, with a gain of 11.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $88.99, showing growth from the present price of $74.60, 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?
The Software – Application market is dominated by Uber Technologies Inc (UBER) 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 16.29, there is a growth in quarterly earnings of 376.69%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 3.90%. 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 81.20% 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 81.20% at present.
