Stocks of Uber Technologies Inc (UBER) are poised to climb above their peers

With 18.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 19.66 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $67.0637 whereas the lowest price it dropped to was $64.72. The 52-week range on UBER shows that it touched its highest point at $82.14 and its lowest point at $37.07 during that stretch. It currently has a 1-year price target of $87.14. Beta for the stock currently stands at 1.38.

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 down-trending over the past week, with a drop of -7.68%, but this was down by -12.30% over a month. Three-month performance dropped to -4.48% while six-month performance rose 31.91%. The stock gained 71.84% in the past year, while it has gained 7.23% so far this year. A look at the trailing 12-month EPS for UBER yields 0.64 with Next year EPS estimates of 2.10. For the next quarter, that number is 0.30. This implies an EPS growth rate of 7.29% for this year and 125.43% for next year.

Float and Shares Shorts:

At present, 2.07 billion UBER shares are outstanding with a float of 2.01 billion shares on hand for trading. On 2024-04-30, short shares totaled 50.92 million, which was 244.00001000000003 higher than short shares on 1711584000. In addition to Mr. Dara Khosrowshahi as the firm’s CEO & Director, Mr. Prashanth Mahendra-Rajah serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.8297 of UBER’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, UBER reported revenue of $10131000000.0 and operating income of $172000000.0. The EBITDA in the recently reported quarter was $573000000.0 and diluted EPS was -$0.32.

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.