UBER Stock Summary and Trading Ideas (Uber Technologies | NYSE:UBER)

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing technology. Uber operates in more than 70 countries, with more than 161 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 January 14, 2025, UBER stock price declined to $64.84 with 19,982,165 million shares trading.

UBER has a beta of 1.06, meaning it tends to be more sensitive to market movements. UBER has a correlation of 0.11 to the broad based SPY ETF.

UBER has a market cap of $136.53 billion. This is considered a Large Cap stock.

Last quarter Uber Technologies reported $11 billion in Revenue and $.46 earnings per share. This beat revenue expectation by $208 million and exceeded earnings estimates by $.05.

In the last 3 years, UBER traded as high as $87.00 and as low as $19.90.

The top ETF exchange traded funds that UBER belongs to (by Net Assets): VTI, VOO, SPY, IVV, VUG.

UBER has underperformed the market in the last year with a return of +2.6%, while the SPY ETF gained +23.6%. In the last 3 month period, UBER fell short of the market, returning -23.7%, while SPY returned 0.0%. However, in the most recent 2 weeks UBER has outperformed the stock market by returning +7.5%, while SPY returned -0.7%.

UBER support price is $64.18 and resistance is $67.22 (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 shares will trade within this expected range on the day.