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Will Uber Technologies Inc (UBER) benefit from Wall Street bulls Calls?

Uber Technologies Inc (NYSE: UBER) is 7.23% higher on its value in year-to-date trading and has touched a low of $37.07 and a high of $82.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UBER stock was last observed hovering at around $66.99 in the last trading session, with the day’s loss setting it -0.97%.

Currently trading at $66.02, the stock is -5.01% and -11.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.86 million and changing -1.45% at the moment leaves the stock 10.67% off its SMA200. UBER registered 71.84% gain for a year compared to 6-month gain of 31.91%.

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The stock witnessed a -12.30% loss in the last 1 month and extending the period to 3 months gives it a -4.48%, and is -7.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.59% over the week and 3.60% over the month.

Uber Technologies Inc (UBER) has around 30400 employees, a market worth around $137.95B and $38.59B in sales. Current P/E ratio is 103.04 and Fwd P/E is 31.37. Profit margin for the company is 3.60%. Distance from 52-week low is 78.10% and -19.63% from its 52-week high. The company has generated returns on investments over the last 12 months (6.31%).

with sales reaching $10.59B over the same period.The EPS is expected to grow by 7.29% this year, but quarterly earnings will post 23.90% year-over-year. Quarterly sales are estimated to grow 14.80% in year-over-year returns.

Uber Technologies Inc (UBER) Top Institutional Holders

The shares outstanding are 2.07B, and float is at 2.01B with Short Float at 2.54%.

Uber Technologies Inc (UBER) Insider Activity

The most recent transaction is an insider sale by Hazelbaker Jill. SEC filings show that Hazelbaker Jill sold 20,000 shares of the company’s common stock on Feb 14 ’24 at a price of $77.83 per share for a total of $1.56 million. Following the sale, the insider now owns 0.11 million shares.

Uber Technologies Inc disclosed in a document filed with the SEC on Feb 12 ’24 that West Tonysold a total of 18,750 shares of the company’s common stock. The trade occurred on Feb 12 ’24 and was made at $70.08 per share for $1.31 million. Following the transaction, the insider now directly holds 0.19 million shares of the UBER stock.

Still, SEC filings show that on Nov 14 ’23, KHOSROWSHAHI DARA (Chief Executive Officer) disposed off 100,000 shares at an average price of $52.84 for $5.28 million. The insider now directly holds 1,016,243 shares of Uber Technologies Inc (UBER).

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