Uber Technologies Inc. (NYSE:UBER) shares, rose in value on Friday, August 05, with the stock price up by 1.79% to the previous day’s close as strong demand from buyers drove the stock to $32.42.
Actively observing the price movement in the recent trading, the stock is buoying the session at $31.85, falling within a range of $29.60 and $32.23. The value of beta (5-year monthly) is 1.31. Referring to stock’s 52-week performance, its high was $48.88, and the low was $19.90. On the whole, UBER has fluctuated by 48.14% over the past month.
With the market capitalization of Uber Technologies Inc. currently standing at about $61.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 08, 2022 – Feb 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.26, which is expected to increase to $0.03 for fiscal year -$3.18 and then to about -$0.07 by fiscal year 2023. Data indicates that the EPS growth is expected to be -218.00% in 2023, while the next year’s EPS growth is forecast to be 97.80%.
Analysts have estimated the company’s revenue for the quarter at $7.39 billion, with a low estimate of $6.56 billion and a high estimate of $8.4 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $29.96 billion, representing an increase of 71.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that UBER’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of UBER currently trading nearly 35.80% and 39.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.09, while the 7-day volatility ratio is showing 7.40% which for the 30-day chart, stands at 5.33%. Furthermore, Uber Technologies Inc. (UBER)’s average true range (ATR) is 1.58.
A comparison of Uber Technologies Inc. (UBER) with its peers suggests the former has fared considerably weaker in the market. UBER showed an intraday change of 1.79% in today’s session so far, and over the past year, it shrunk by -23.82%%. On the other hand, the price of DoorDash Inc. (DASH) has risen 4.47% today. The stock, however, is off -54.43% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.20%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.
Data on historical trading for Uber Technologies Inc. (NYSE:UBER) indicates that the trading volumes over the past 10 days have averaged 41.06 million and over the past 3 months, they’ve averaged 34.83 million. According to company’s latest data on outstanding shares, there are 1.95 billion shares outstanding.
Nearly 0.20% of Uber Technologies Inc.’s shares belong to company insiders and institutional investors own 74.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 73.66 million shares as on Jul 14, 2022, resulting in a short ratio of 2.51. According to the data, the short interest in Uber Technologies Inc. (UBER) stood at 3.75% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 70.52 million. The stock has fallen by -24.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UBER stock heading into the next quarter.