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Indra Bhattacharjee's Avatar
published in Blogs
May 15, 2019

Uber (UBER) may still live up to its IPO hype - here's why

Two days after going public, shares of Uber Technologies Inc. fell nearly 18% and the future didn’t look bright. Rival Lyft (LYFT) had a similar fate after its public offering in March.

On the surface, it may not be as dismal as it appears, as both Uber and Lyft have been gaining popularity among riders. But steep bottom-line losses and a lack of clarity about the both the companies’ future paths to profitability are discouraging investors. However, there are reasons that Uber’s IPO may eventually bounce back.

First, Uber’s shares have plunged not just 17.6% since its IPO, but proposals reveal that Uber is worth as much as $120 billion, and documentation sent to holders of Uber's convertible notes fixed its value between $90 billion and $100 billion. So, investors may say that Uber has shed nearly 18% of its value, but it’s more likely that it has shed 43% below peak Uber.

Secondly, Uber is more than just ride hailing platform. Unlike Lyft, it has a growing overseas presence. While ridesharing accounts for $9.2 billion out of $11.3 billion of Uber’s revenue in 2018, while the rest came from a wide range of offerings that go beyond hailing rides. Takeout orders and other merchandise need rides like Uber Eats, Uber Freight and vehicle financing are all part of the basket.

And finally, underwriters usually wait 25 days following an IPO before initiating coverage. There are 28 firms listed on Uber, helping it sell more than $8 billion in shares last week. Uber debuted when the market for all stocks was generally low. If the climate improves, analysts’ bullish surge could help Uber get back above the splash line.

Related Ticker: UBER

Momentum Indicator for UBER turns positive, indicating new upward trend

UBER saw its Momentum Indicator move above the 0 level on March 04, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UBER advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 205 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 has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

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 February 14, 2024. 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)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. UBER’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 consistent 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (15.015) is normal, around the industry mean (28.907). P/E Ratio (93.448) is within average values for comparable stocks, (145.090). Projected Growth (PEG Ratio) (2.274) is also within normal values, averaging (2.860). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (4.562) is also within normal values, averaging (74.759).

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 88, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.35B. The market cap for tickers in the group ranges from 291 to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 2%. YQAI experienced the highest price growth at 250%, while RADLF experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -9%. For the same stocks of the Industry, the average monthly volume growth was 50% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 53
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
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UBERDaily Signal changed days agoGain/Loss if shorted
 
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published price charts
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published General Information

General Information

a company which provides a ride hailing services, develops applications for road transportation, navigation, ride sharing, and payment processing solutions.

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
1725 3rd Street
Phone
+1 415 612-8582
Employees
30400
Web
https://www.uber.com
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UBER and

Correlation & Price change

A.I.dvisor indicates that over the last year, UBER has been loosely correlated with COIN. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if UBER jumps, then COIN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UBER
1D Price
Change %
UBER100%
+0.33%
COIN - UBER
60%
Loosely correlated
+11.13%
CLSK - UBER
55%
Loosely correlated
-7.83%
RIOT - UBER
54%
Loosely correlated
-6.65%
LYFT - UBER
54%
Loosely correlated
+4.46%
INTU - UBER
49%
Loosely correlated
+0.28%
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