Investors in cash trouble should check out Uber Technologies Inc (UBER)

With 43.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 31.87 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $71.90 whereas the lowest price it dropped to was $67.24. The 52-week range on UBER shows that it touched its highest point at $70.68 and its lowest point at $29.22 during that stretch. It currently has a 1-year price target of $74.60. Beta for the stock currently stands at 1.34.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UBER was up-trending over the past week, with a rise of 8.24%, but this was up by 19.73% over a month. Three-month performance surged to 46.76% while six-month performance rose 56.44%. The stock gained 108.41% in the past year, while it has gained 14.75% so far this year. A look at the trailing 12-month EPS for UBER yields 0.86 with Next year EPS estimates of 1.89. For the next quarter, that number is 0.21. This implies an EPS growth rate of 29.39% for this year and 67.94% for next year.

Float and Shares Shorts:

At present, 2.01 billion UBER shares are outstanding with a float of 1.97 billion shares on hand for trading. On Jan 11, 2024, short shares totaled 71.71 million, which was 3.48% higher than short shares on Dec 14, 2023. In addition to Mr. Dara Khosrowshahi as the firm’s CEO & Director, Mr. Derek Anthony West J.D. serves as its Senior VP, Chief Legal Officer & Corporate Secretary.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UBER since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UBER analysts setting a high price target of $87.00 and a low target of $52.00, the average target price over the next 12 months is $72.49. Based on these targets, UBER could surge 23.14% to reach the target high and fall by -26.4% to reach the target low. Reaching the average price target will result in a growth of 2.6% from current levels.

Summary of Insider Activity:

Insiders traded UBER stock several times over the past three months with 19 Buys and 27 Sells. In these transactions, 41,778 shares were bought while 330,340 shares were sold. The number of buy transactions has increased to 229 while that of sell transactions has risen to 249 over the past year. The total number of shares bought during that period was 807,167 while 1,107,003 shares were sold.