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UBER
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
115.36B

UBER Uber Technologies Forecast, Technical & Fundamental Analysis

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

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for UBER with price predictions
07:00 PM EST Dec 07, 2023

UBER in downward trend: price may decline as a result of having broken its higher Bollinger Band on December 06, 2023

UBER broke above its upper Bollinger Band on December 06, 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. The A.I.dvisor looked at 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 22 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on UBER as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UBER just turned positive on November 01, 2023. Looking at past instances where UBER's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

UBER moved above its 50-day moving average on November 02, 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 November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UBER advanced for three days, in of 266 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 174 cases where UBER Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady 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 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 (12.361) is normal, around the industry mean (21.059). P/E Ratio (107.527) is within average values for comparable stocks, (159.631). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.584). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (3.220) is also within normal values, averaging (74.610).

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.

A.I.Advisor
published Highlights

Notable companies

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

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 9.21B. The market cap for tickers in the group ranges from 291 to 2.84T. MSFT holds the highest valuation in this group at 2.84T. 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 -0%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 6%. SSNT experienced the highest price growth at 141%, while DTRK experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -17%. For the same stocks of the Industry, the average monthly volume growth was -5% and the average quarterly volume growth was -2%

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: 72
Price Growth Rating: 59
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 20 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

UBER is expected to report earnings to rise 56.20% to 15 cents per share on February 07

Uber Technologies UBER Stock Earnings Reports
Q4'23
Est.
$0.16
Q3'23
Beat
by $0.03
Q2'23
Beat
by $0.19
Q1'23
Beat
by $0.01
Q4'22
Beat
by $0.44
The last earnings report on November 07 showed earnings per share of 10 cents, beating the estimate of 7 cents. With 28.68M shares outstanding, the current market capitalization sits at 115.36B.
A.I. Advisor
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
1515 3rd Street
Phone
+1 415 612-8582
Employees
32800
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%
+1.18%
COIN - UBER
60%
Loosely correlated
+7.66%
CLSK - UBER
55%
Loosely correlated
+11.90%
RIOT - UBER
54%
Loosely correlated
+6.38%
INTU - UBER
46%
Loosely correlated
+0.42%
LYFT - UBER
46%
Loosely correlated
+6.28%
More

Groups containing UBER

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To UBER
1D Price
Change %
UBER100%
+1.18%
millennials
(undefined stocks)
53%
Loosely correlated
+1.03%
millennials play
(undefined stocks)
53%
Loosely correlated
+0.89%