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Friday, September 29, 2023

It’s Not Over Yet For Uber Technologies Inc. (NYSE: UBER)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Uber Technologies Inc. (UBER) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.09%, to $47.00. The Uber Technologies Inc. has recorded 478,130 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Uber CEO to Participate in Fireside Chat Hosted by Goldman Sachs.

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Stocks Info

Uber Technologies Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $47.04 and fluctuated between $47.70 as its day high and $46.83 as its day low. The current market capitalization of Uber Technologies Inc. is $96.52B. A total of 14.6 million shares were traded on the day, compared to an average of 21.70M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, UBER has seen 69 BUY and 75 SELL insider trades, representing the acquisition of 152,242 and the disposition of 313,818 shares. Over the last 12 months, there were 259 BUYs and 296 SELLs from insiders. Insiders purchased 871,724 shares during that period but sold 805,720.

In the most recent transaction, Chai Nelson sold 100,000 shares of UBER for 45.05 per share on Aug 21. After the transaction, the Chief Financial Officer now owns 291,807 company shares. In a previous transaction on Jul 18, KHOSROWSHAHI DARA sold 100,000 shares at 47.51 per share. UBER shares that Chief Executive Officer owns now total 1,316,243.

Among the insiders who sold shares, KHOSROWSHAHI DARA disposed of 69,975 shares on Jun 28 at a per-share price of $45.00. This resulted in the Chief Executive Officer holding 1,416,243 shares of UBER after the transaction. In another insider transaction, KHOSROWSHAHI DARA sold 30,025 shares at $45.00 per share on Jun 26. Company shares held by the Chief Executive Officer now total 1,485,167.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for UBER in the last 3 months, the mean price target is $58.52 with high estimates of $75.00 and low estimates of $45.00. In terms of 52-week highs and lows, UBER has a high of $49.49 and a low of $22.94.

As of this writing, UBER has an earnings estimate of $0.12 per share for the current quarter. EPS was calculated based on a consensus of 32 estimates, with a high estimate of $0.35 per share and a lower estimate of $0.02. The company reported an EPS of -$0.08 in the last quarter, which was 11.10% higher than expectations of -$0.09.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UBER’s latest balance sheet shows that the firm has $4.29B in Cash & Short Term Investments as of fiscal 2021. There were $11.11B in debt and $9.02B in liabilities at the time. Its Book Value Per Share was $4.27, while its Total Shareholder’s Equity was $15.35B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UBER is Buy with a score of 4.76.

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