Uber (UBER, $56.16)to buy Drizly for $1.1 billion.
On Tuesday, Uber Technologies Inc. said it agreed to acuire beer and wine delivery service Drizly for $1.1 billion.
In the cash-and-stock deal, Drizly and its 1,400 U.S. locations will be part of Uber Eats division. But customers will be able to access the Drizly app. The deal is expected to close within the first half of 2021. Uber expects that more than 90% of the consideration to be paid to Drizly shareholders will consist of Uber common shares, and the balance will be paid in cash.
Delivery revenues for Uber, including Uber Eats, more than doubled from the previous year to $1.45 billion over the quarter ending in September. However, the company continued to incur losses. Drizly said it had more than 300% growth in the past year.
UBER in +5.07% Uptrend, advancing for three consecutive days on June 05, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where UBER advanced for three days, in of 232 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where UBER's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 31, 2023. You may want to consider a long position or call options on UBER as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
UBER moved above its 50-day moving average on May 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for UBER crossed bullishly above the 50-day moving average on May 04, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 145 cases where UBER Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Moving Average Convergence Divergence Histogram (MACD) for UBER turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 31 similar instances when the indicator turned negative. In of the 31 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UBER declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
UBER broke above its upper Bollinger Band on June 05, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. UBER’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.707) is normal, around the industry mean (31.480). P/E Ratio (0.000) is within average values for comparable stocks, (167.650). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.158). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (2.334) is also within normal values, averaging (75.604).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UBER’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which provides a ride hailing services, develops applications for road transportation, navigation, ride sharing, and payment processing solutions.
Industry PackagedSoftware
UBER and
Correlation & Price change
A.I.dvisor indicates that over the last year, UBER has been loosely correlated with SQ. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if UBER jumps, then SQ could also see price increases.
| Ticker / NAME | Correlation To UBER | 1D Price Change % | ||
|---|---|---|---|---|
| UBER | 100% | +1.76% | ||
| SQ - UBER | 61% Loosely correlated | +0.17% | ||
| CDAY - UBER | 60% Loosely correlated | +2.11% | ||
| COIN - UBER | 60% Loosely correlated | -9.05% | ||
| TTD - UBER | 60% Loosely correlated | +1.52% | ||
| LYFT - UBER | 59% Loosely correlated | +1.46% | ||
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