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Will Uber Technologies, Inc. (UBER) Fizzle Or Continue To Sizzle

Uber Technologies, Inc. (UBER) has received an average target price from analysts of 48.41 amounting to a recommendation rating of Overweight. That comes from 38 different analysts. Perhaps, the driver for that assessment comes from the company’s valuations. Right now, we are looking at a median price-to-earnings ratio for this calendar year of N/A.

To give a sense of trend, the same data point on the estimate for next year is currently sitting at N/A times earnings. Drilling down a bit further, this quarter, we are looking at an average estimate from analysts for earnings per share level of 31.00. That shift to 23.00 heading into next quarter.

Uber TechnologiesInc. operates as a technology platform for people and things mobility. The firm offers multi-modal people transportationrestaurant food deliveryand connecting freight carriers and shippers. The company operates through following segments: Core Platform and Other Bets. Core Platform primarily includes the ridesharing and Uber Eats products; while Other Bets primarily includes the Company’s Freight and New Mobility products. The company was founded by Oscar Salazar GaitanTravis Kalanickand Garrett Camp in 2009 and is headquartered in San FranciscoCA.

 

Shares of Uber Technologies, Inc. (UBER) last opened at $31.45 and traded at $29.04 x 2900. More than 24,204,675 shares exchanged hands compared to an average daily volume of 10,279,967 shares. At the current pps, the market capitalization stands at 53.055B.

Investors try to use stocks with high beta values to quickly recoup their investments after sharp market losses. Uber Technologies, Inc. (UBER) currently has a Beta value of 1.80 . Beta is a measurement of a stock’s price fluctuations, which is often called volatility and is used by investors to gauge how quickly a stock’s price will rise or fall. A stock with a beta of greater than 1.0 is riskier and has greater price fluctuations, while stocks with beta values of less than 1.0 are steadier and generally larger companies. Beta is often measured against the S&P; 500 index. An S&P; 500 stock with a beta of 2.0 produced a 20 percent increase in returns during a period of time when the S&P; 500 Index grew only 10 percent. This same measurement also means the stock would lose 20 percent when the market dropped by only 10 percent.

Next, let’s take a look at Uber Technologies, Inc current P/E ratio. Uber Technologies, Inc. (UBER) currently has a PE ratio of N/A. PE ratio is an important parameter to look at when trading a stock mostly because it is easy to calculate. There are a couple of ways to calculate PE ratio either by dividing share price by earnings per share or dividing the market cap by net income. It is important to note that the earnings are usually taken from the trailing twelve months (TTM). Nevertheless, P/E tells us how much an investor is willing to pay for $1 of a company’s earnings. The long-term average P/E is around 15, so on average, investors are willing to pay $15 for every dollar of earnings. Another useful way to look at this: Turn the P/E ratio around to look at the E/P ratio, which when expressed as a percentage gives us the earnings yield. For instance: 1/15 gives us an earnings yield of 6.67%.

While we have already looked at Uber Technologies, Inc beta and P/E ratio, the EPS cannot be ignored. Uber Technologies, Inc EPS for the trailing twelve months was -3.78. Traders and investors often use earnings per share (TTM) to determine a company’s profitability for the past year. So in essence, EPS is the amount of a company’s net income per share of common stock. Earnings per share equal the company’s net income less any dividends paid on preferred stock divided by the weighted average number of common stock shares outstanding during the year. Uber Technologies, Inc is estimated to release its next earnings report on Nov 4, 2019. It would be interesting to see how the earnings fair out considering the recent developments.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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