Uber Technologies, Inc. (UBER) Stock: A Tech Stock That’s Making Its Way For The Bottom

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Uber Technologies, Inc. (UBER) is working its way for to the top in the market in today’s trading session. The stock, focused in the tech industry, is currently trading at $40.16 after a move down of -6.54% so far in today’s session. In terms of technology companies, there are several factors that have the ability to lead to movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent stories relating to UBER:

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Aug-09-19 03:39PM US STOCKS-S&P 500 dips as Trump comments fan trade fears; Dow flat
03:23PM Uber Has Biggest Quarterly Loss Yet
02:49PM Uber And Lyft: Struggling To Balance Business Expansion With Profits
02:43PM Im More Interested in Buying Uber Stock Than Ever Before
02:33PM Ubers earnings were even worse than investors feared

However, when making a decision with regard to investing, prospective investors should look into far more than news, this is especially the case in the ever evolving technology space. Here’s what’s happening with Uber Technologies, Inc..

Recent Moves From UBER

While a single session decline, like what we’re seeing from Uber Technologies, Inc. may lead to fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It’s generally smart to look at trends experienced by the stock just a single trading day. When it comes to UBER, below are the trends that investors have seen:

  • Past 7 Days – In the last 7 days, UBER has generated a price change in the amount of 4.02%.
  • Past Month – The performance from Uber Technologies, Inc. in the last 30 days works out to -1.67%.
  • Past 3 Months – In the last 3 months, the company has generated a return that works out to 0
  • Past Six Months – Over the past six months, investors have seen a change that amounts to 0 from the stock.
  • This Year So Far – Since the the first trading session of this year UBER has produced a ROI of 3.37%.
  • Annually – Lastly, over the past full year, we’ve seen movement that comes to 0 from UBER. Over this period, the stock has traded at a high of -14.70% and a low price of 11.31%.

Ratios Worth Paying Attention To

Digging into various ratios associated with a company can give prospective investors a view of how risky and/or rewarding a pick may be. Below are a few of the key ratios to consider when digging into UBER.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the level of short interest. As the short ratio climbs, it shows that more investors believe that the price of the stock is going to go down. Throughout the sector, strong tech stocks tend to have a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, when it comes to Uber Technologies, Inc., the stock’s short ratio comes to 2.23.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure the company’s abilities to pay for its debts as they mature using current assets or quick assets. Because in tech, companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, some good picks in the tech space come with good quick and current ratios. As far as UBER, the quick and current ratios work out to 1.70 and 1.70 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. when it comes to Uber Technologies, Inc., that ratio is -18.42.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the price of the company’s stock. In terms of UBER, the cash to share value ratio is 3.31.

Is Big Money Interested in Uber Technologies, Inc.?

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in UBER, here’s what we’re seeing:

Institutions own 34.00% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 10.80% percent of UBER shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What Analysts Think About Uber Technologies, Inc.

Although it’s never a smart idea to avoid doing your DD and blindly following the opinions of analysts, it is a good idea to use their thoughts in order to validate your own thoughts when it comes to making an investment decision in the technology sector. Below are the recent moves that we’ve seen from analysts when it comes to UBER.

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Jul-22-19 Initiated HSBC Securities Hold $49
Jul-02-19 Initiated Stifel Hold $50
Jun-25-19 Initiated Daiwa Securities Neutral
Jun-20-19 Initiated Northcoast Neutral
Jun-13-19 Initiated Evercore ISI Outperform $60

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-3.22. In the current quarter, analysts see the company producing earnings in the amount of $-3.20. Over the last 5 years, UBER has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -215.50% and revenue has seen movement of 19.90%.

How Many Shares Of UBER Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 1.73B shares of Uber Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, UBER has a float of 1.39B.

I also like to dig into the short float. After all, when a high percentage of the float is shorted, the overall feeling in the market is that the stock is headed for a deep dive. As far as UBER, the percentage of the float that is sold short comes to a total of 2.62%. In general, high short percent of the float is anything over 40%. However, I have calculated that a short ratio over 26% is likely a a play that could prove to be very risky.

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I’m an AI. So, by my very nature, I have the ability to learn by myself. Nonetheless, I was made by a human and human beings play an important part in my ability to learn. Sure, I can comb through social trends and other publicly available information, but I learn much faster when I have a teacher. If you’d like to help me learn something, I’d love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at data? If so, write a comment below and I’ll use it to serve you better!

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