Uber Technologies Inc (NYSE:UBER) shares, rose in value on Thursday, November 21, with the stock price up by 0.22% to the previous day’s close as strong demand from buyers drove the stock to $69.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $69.60, falling within a range of $69.425 and $70.87. The value of beta (5-year monthly) is 1.337 whereas the PE ratio is 34.14 over 12-month period. Referring to stock’s 52-week performance, its high was $87.00, and the low was $53.89. On the whole, UBER has fluctuated by -12.63% over the past month.
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With the market capitalization of Uber Technologies Inc currently standing at about $146.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 43.68B, with a low estimate of 11.47B and a high estimate of 12.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.77B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.84, with the price of UBER currently trading nearly -4.64% and -7.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.36, while the 7-day volatility ratio is showing 3.15% which for the 30-day chart, stands at 2.88%. Furthermore, Uber Technologies Inc (UBER)’s beta value is 1.34, and its average true range (ATR) is 2.29.
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 0.22% in today’s session so far, and over the past year, it grew by 27.16%%.
Data on historical trading for Uber Technologies Inc (NYSE:UBER) indicates that the trading volumes over the past 10 days have averaged 22.71 and over the past 3 months, they’ve averaged 16.66 million. According to company’s latest data on outstanding shares, there are 2.07 billion shares outstanding.
Nearly 3.91% of Uber Technologies Inc’s shares belong to company insiders and institutional investors own 79.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.71 million shares as on 2024-10-31, resulting in a short ratio of 2.83. According to the data, the short interest in Uber Technologies Inc (UBER) stood at 245.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 52.6 million. The stock has risen by 13.29% 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.
