The price of Uber Technologies Inc (NYSE:UBER) shares last traded on Wall Street fell -1.02% to $79.41.
UBER stock price is now 8.70% away from the 50-day moving average and 44.90% away from the 200-day moving average. The market capitalization of the company currently stands at $164.89B.
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, Hazelbaker Jill, insider sold 20,000 shares of the company’s stock on Feb 14 ’24. The stock was sold for $1,556,674 at an average price of $77.83. Upon completion of the transaction, the insider now directly owns 107,290 shares in the company, valued at $8.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 12 ’24, West Tony sold 18,750 shares of the business’s stock. A total of $1,313,926 was realized by selling the stock at an average price of $70.08. This leaves the insider owning 185,566 shares of the company worth $14.74 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 $29.22 and a high of $82.14. As of last week, the company has a debt-to-equity ratio of 1.05, a current ratio of 1.19, and a quick ratio of 1.19. According to the stock market information, the enterprise value for the company is $172.39B, which is based on a 90.53 price-to-earnings ratio, a 1.93 price-to-earnings-growth ratio, and a beta of 1.37. The fifty day moving average price for UBER is $73.05 and a two-hundred day moving average price translates $54.80 for the stock.
The latest earnings results from Uber Technologies Inc (NYSE: UBER) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.61, beating analysts’ expectations of $0.15 by 0.46. This compares to $0.33 EPS in the same period last year. The net profit margin was 5.06% and return on equity was 20.30% for UBER. The company reported revenue of $9.94 billion for the quarter, compared to $8.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.44 percent. For the current quarter, analysts expect UBER to generate $9.27B in revenue.
