10-May-2024
New Buy Rating for Uber Technologies (UBER), the Technology Giant
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UBER Bullish Calendar Call Spread Appears to be a Good Buy at 92 Cents
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Uber Technologies (UBER) Gets a Buy from D.A. Davidson
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Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
Uber Technologies trades on the NYSE stock market under the symbol UBER.
As of May 10, 2024, UBER stock price declined to $66.99 with 15,748,468 million shares trading.
UBER has a beta of 1.56, meaning it tends to be more sensitive to market movements. UBER has a correlation of 0.26 to the broad based SPY ETF.
UBER has a market cap of $139.98 billion. This is considered a Large Cap stock.
Last quarter Uber Technologies reported $10 billion in Revenue and -$.32 earnings per share. This beat revenue expectation by $61 million and missed earnings estimates by -$.55.
In the last 3 years, UBER stock traded as high as $82.14 and as low as $19.90.
The top ETF exchange traded funds that UBER belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.
UBER has outperformed the market in the last year with a return of +72.7%, while the SPY ETF gained +27.8%. However, in the most recent history, UBER shares have underperformed the stock market with its stock returning -5.5% in the last 3 month period and -3.0% for the last 2 week period, while SPY has returned +4.2% and +2.5%, respectively.
UBER support price is $66.18 and resistance is $69.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UBER stock will trade within this expected range on the day.