The stock of Uber Technologies Inc (NYSE:UBER) last traded at $68.60, down -1.02% from the previous session.
UBER stock price is now -1.05% away from the 50-day moving average and 11.45% away from the 200-day moving average. The market capitalization of the company currently stands at $143.34B.
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With the price target enhanced from $80 to $90, BTIG Research maintained Buy rating for Uber Technologies Inc (NYSE: UBER). On February 08, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $71 to quote $90, while ‘Gordon Haskett’ rates the stock as ‘Hold’
In other news, West Tony, insider sold 89,234 shares of the company’s stock on Jun 06 ’24. The stock was sold for $6,083,660 at an average price of $68.18. Upon completion of the transaction, the insider now directly owns 124,945 shares in the company, valued at $8.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17 ’24, Chief Executive Officer KHOSROWSHAHI DARA sold 500,000 shares of the business’s stock. A total of $32,964,000 was realized by selling the stock at an average price of $65.93. This leaves the insider owning 1,656,996 shares of the company worth $113.67 million. A total of 3.94% of the company’s stock is owned by insiders.
During the past 12 months, Uber Technologies Inc has had a low of $39.04 and a high of $82.14. As of last week, the company has a debt-to-equity ratio of 1.02, a current ratio of 1.21, and a quick ratio of 1.21. According to the stock market information, the enterprise value for the company is $151816667136, which is based on a 107.07 price-to-earnings ratio, a 2.28 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for UBER is $69.1596 and a two-hundred day moving average price translates $61.67175 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for 2024-03-31. According to the Software – Application Company, earnings per share came in at 0.18, beating analysts’ expectations of -0.01 by 0.19. This compares to -$0.08 EPS in the same period last year. The net profit margin was 3.60% and return on equity was 14.97% for UBER. The company reported revenue of $10.13 billion for the quarter, compared to $8.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.82 percent. For the current quarter, analysts expect UBER to generate $10.55B in revenue.
