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Before You Invest, Make Sure You Check This Uber Technologies Inc. (NYSE: UBER) Analysis

Uber Technologies Inc. (NYSE:UBER) traded at $28.83 at last check on Wednesday, November 23, made an upward move of 2.65% on its previous day’s price.

Looking at the stock we see that its previous close was $28.08 and the beta (5Y monthly) reads 1.17 with the day’s price range being $27.3117 – $28.33. In terms of its 52-week price range, UBER has a high of $45.90 and a low of $19.90. The company’s stock has gained about 1.56% over that past 30 days.

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Uber Technologies Inc. has a market cap of $55.85 billion and is expected to release its quarterly earnings report on Feb 07, 2023 – Feb 13, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.22, with the EPS growth for the year raised at -$4.49 for 2022 and -$0.12 for next year. These figures represent -349.00% and 97.30% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.13 billion, with a low of $7.33 billion and a high of $8.77 billion. The median projection represents growth squeezing down to 83.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $31.33 billion, or 79.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the UBER stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note the current price level is 1.09% off its SMA20 and 1.68% from its 50-day simple moving average. The RSI (14) is pointing at 51.54 while the volatility over the past week is 3.40% and jumps to 4.76% over the past one month. The beta value is 1.13, while the average true range (ATR) is currently pointing at 1.53.

Let’s briefly compare Uber Technologies Inc. (UBER) stock to its peers. We find that today’s price change of 2.65% and -34.08% over the past 12 months for UBER. Another of its peers DoorDash Inc. (DASH) has gained 2.60% today, and was -73.22% down over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.51% and 0.24%, respectively, in early deals.

Coming back to Uber Technologies Inc. (NYSE:UBER), we note that the average 3-month trading volume was 26.59 million, while that of the preceding 10-day period stands at 26.11 million. Current shares outstanding are 1.98 billion.

The insiders hold 0.10% of the company’s shares while institutions hold 75.00%. The data shows that short shares as of Oct 13, 2022, stood at 61.3 million at a short ratio of 2.09. This represents a 3.10% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 53.74 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -33.03% down in year-to-date price movement.

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