In yesterday’s Wall Street session, Uber Technologies Inc (NYSE:UBER) shares traded at $63.76, down -0.99% from the previous session.
UBER stock price is now -6.82% away from the 50-day moving average and -2.69% away from the 200-day moving average. The market capitalization of the company currently stands at $133.23B.
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With the price target of $77, Melius recently initiated with Hold rating for Uber Technologies Inc (NYSE: UBER). On July 16, 2024, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $90, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, KHOSROWSHAHI DARA, Chief Executive Officer sold 500,000 shares of the company’s stock on Jul 15 ’24. The stock was sold for $35,957,114 at an average price of $71.91. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,266,114 shares in the company, valued at $80.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Chief Executive Officer KHOSROWSHAHI DARA sold 1,000,000 shares of the business’s stock. A total of $70,421,300 was realized by selling the stock at an average price of $70.42. This leaves the insider owning 1,266,114 shares of the company worth $80.73 million. A total of 3.93% of the company’s stock is owned by insiders.
During the past 12 months, Uber Technologies Inc has had a low of $40.09 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 $140219826176, which is based on a 99.52 price-to-earnings ratio, a 2.12 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for UBER is $68.3712 and a two-hundred day moving average price translates $65.6084 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for 2024-03-31. 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.
