About to Trade Uber Technologies, Inc. (NYSE:UBER) Stock? Look at These Metrics First

Stock analysts at JP Morgan, assumed coverage of shares of Uber Technologies, Inc. (NYSE:UBER) with Overweight recommendation, according to their opinion released on January 31.

Let’s take a glimpse at some insider activity at Uber Technologies, Inc. (NYSE:UBER) and observe the pattern. The earliest insider trade happened on 02/04/2020. Pham Thuan parted with a total of 20 thousand shares of the firm at average share price of $38.59. The total amount for the sale was set at $771.8 thousand. On completing this exchange, the Chief Technology Officer account balance was 5.52 million shares. The stock lost -2.85 percent from that insider sale. On 01/23/2020, Camp Garrett, Director, did a sale of 510 thousand shares at a price of $37.23 per share. This got rid of 18.99 million shares from the insider’s fortune and the stock experienced a 0.7 percent rally in price since the news became public. This exchange saw 70.59 million shares get out from the Director account. On 01/14/2020, Chief Technology Officer Pham Thuan recorded a sale transaction valued at $1.05 million. The sale at $35 a share has eliminated 30 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 7.11 percent increase since the transaction reporting date. The company insider is left with 5.07 million shares remaining in the account. Camp Garrett, who works as Director at the company, performed a sale of 510 thousand shares in a transaction worth $16.94 million. The disposal recorded on 01/09/2020 was priced at $33.22 per share. The stock price soared 12.85 percent since the transaction. Camp Garrett currently holds a stake of 71.1 million in UBER stock which is worth $2665.7 million after the insider selling.

The stock is lingering around the initial support level of $37.53. After this, the following support is at the zone of $36.53. Up until the time the UBER stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 65.45 on the daily chart, and this may be a cause for concern. In case the price goes below $36.53 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $39.26 level may cause a pull-back move approaching $39.99 mark.

In the recent trading session, Uber Technologies, Inc. (NYSE:UBER) shares lost -2.7% or -1.04 points to reach at $37.49 with a thin trading volume of 21.868 million shares. It opened the trading session at $37.87, the shares rose to $38.99 and dropped to $37.26, the range by which the price of stock traded the whole session. The company now has a market cap of $66.4 billion and currently has 1.72 billion outstanding shares. Uber Technologies, Inc. (UBER) stock has accumulated 22.82 percent of market value in 21 trading days.

UBER stock’s trailing 3-year beta is 0, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was -$6.15 share in the trailing 52 weeks. The stock’s value surged 29.56 percent year to date (YTD) compared to a decline of 0 percent in 52 week’s period. The firm’s shares are still trading -20.37 percent below its 1-year high of $47.08 and 46.56 percent up from 52-week low of $25.58. The average consensus ranking on the company is 2.1, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.

The industry UBER deals with has an average P/E of 30.69. Its P/B ratio is standing at X compared to the 10.88 industry average. Uber Technologies, Inc. has a 30.4% gross profit margin, with its operating margin around -62.9%. Alongside this, the company’s net profit margin currently stands at -58.6%.

Past records have indicated that shares in Uber Technologies, Inc. declined on 2 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.