The stock of Uber Technologies Inc (NYSE:UBER) last traded at $74.18, up 2.97% from the previous session.
UBER stock price is now 7.68% away from the 50-day moving average and 10.35% away from the 200-day moving average. The market capitalization of the company currently stands at $155.85B.
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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, Jill Hazelbaker, Officer bought 138,115 shares of the company’s stock on Aug 08 ’24. The stock was bought for $9,052,057 at an average price of $65.54. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Chief Executive Officer KHOSROWSHAHI DARA sold 500,000 shares of the business’s stock. A total of $35,957,114 was realized by selling the stock at an average price of $71.91. This leaves the insider owning 1,266,114 shares of the company worth $93.92 million. A total of 4.00% 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 0.91, 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 $162285518848, which is based on a 79.81 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for UBER is $68.998 and a two-hundred day moving average price translates $67.37805 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for 2024-06-30. The net profit margin was 5.02% and return on equity was 19.14% for UBER. The company reported revenue of $10.7 billion for the quarter, compared to $9.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.93 percent. For the current quarter, analysts expect UBER to generate $9.94B in revenue.
