Uber Technologies Inc (NYSE:UBER) price on current trading day, rose 1.37% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $75.23.
A look at the stock’s price movement, the level at last check in today’s session was $74.21. The PE ratio in trailing twelve months stood at 16.41. Turning to its 52-week performance, $87.00 and $54.84 were the 52-week high and 52-week low respectively. Overall, UBER moved 12.70% over the past month.
Uber Technologies Inc’s market cap currently stands at around $157.15 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 11.59B for the company’s revenue for the quarter, with a low and high estimate of 11.42B and 11.74B respectively. The average forecast suggests up to a 14.41% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 50.35B, representing a 14.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that UBER is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
32 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 30 recommend UBER as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
UBER’s current price about -0.17% and 9.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.91, while 7-day volatility ratio is 4.20% and 4.28% in the 30-day chart. Further, Uber Technologies Inc (UBER) has a beta value of 1.38, and an average true range (ATR) of 2.91. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $42 and high of $99. Looking at the price targets, the low is 44.17% off recent price level in today’s trading while to achieve the yearly target high, it has to move -31.6%. Nonetheless, investors will most likely welcome a -19.63% jump to $90 which is the analysts’ median price.
If we refocus on Uber Technologies Inc (NYSE:UBER), historical trading data shows that trading volumes averaged 28.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.11 billion shares.
The 3.94% of Uber Technologies Inc’s shares are in the hands of company insiders while institutional holders own 79.15% of the company’s shares. Current price change has pushed the stock 24.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UBER stock continues to rise going into the next quarter.
