UBER: Week of October 28th, 2024Just sharing my thoughts on UBER. It popped up on my screener and I am actually planning to try this trade out!
Not advice, just opinions.
Safe trades everyone and enjoy the rest of your weekend!
Key facts today
Next report date
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Report period
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EPS estimate
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Revenue estimate
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8,880COP
7.31 TCOP
144.50 TCOP
2.02 B
About Uber Technologies, Inc.
Sector
Industry
CEO
Dara Khosrowshahi
Website
Headquarters
San Francisco
Founded
2009
Uber Technologies, Inc. is a technology platform, which engages in the development and operation of technology applications, networks, and product to power movement from point A to point B. The firm offers ride services and merchants delivery service providers for meal preparation, grocery, and other delivery services. It operates through the following segments: Mobility, Delivery, Freight, and All Other. The Mobility segment refers to products that connect consumers with Mobility Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis. The Delivery segment offers consumers to search for and discover local restaurants, order a meal, and either pick-up at the restaurant or have the meal delivered. The Freight segment focuses on connecting Carriers with Shippers on its platform, and gives Carriers upfront, transparent pricing, and the ability to book a shipment. The company was founded by Oscar Salazar Gaitan, Travis Kalanick, and Garrett Camp in 2009 and is headquartered in San Francisco, CA.
$UBER Trade ideaUBER big Sell-off after earnings made huge GAP above. Now consolidating and forming nice wedge with Higher lows and lower highs. Could play either side.
CAUTION: careful trading this week with Elections and tons of data coming out, interest rates and FOMC meeting.
Uber needs to put on the brakes before it crashesKey support level to watch is $70.97 this week. If it fails there are 2 levels to watch:
-$62.63
-$49.53
UBER earnings playUBER trading at a major trend line here for earnings which makes for a big move. Its looking like a clear miss and I think we head down to $70
UBER Technologies Options Ahead of EarningsIf you haven`t bought UBER before this major breakout:
Now analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week,
I would consider purchasing the 76usd strike price Puts with
an expiration date of 2024-11-15,
for a premium of approximately $
75 clear sign if on the trendline no changeIt's had a good run, and the indicators are turning. It might be a nice time for a minor correction to mid-70 before continuation.
UBER Breakaway or Pullback? Trend Analysis
Bullish Momentum: Strong upward momentum with a recent gap up indicates bullish sentiment.
Breakout: Price has broken through previous resistance levels, suggesting continuation.
Price Action Analysis
Gap Up: Significant gap up on high volume signals strong buying pressure.
Long term Buy on UBER cmp $86.34Uber has given a clear breakout on the monthly charts above $82.14. Considering this move i have a target of $140 in coming months.
CMP : $82.14
Expected: $140-155
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Frequently Asked Questions
The current price of UBER is 313,340 COP — it hasn't changed in the past 24 hours. Watch UBER TECHNOLOGIES stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on BVC exchange UBER TECHNOLOGIES stocks are traded under the ticker UBER.
UBER stock has fallen by −6.91% compared to the previous week, the month change is a −0.67% fall, over the last year UBER TECHNOLOGIES has showed a 74.17% increase.
We've gathered analysts' opinions on UBER TECHNOLOGIES future price: according to them, UBER price has a max estimate of 530,973.45 COP and a min estimate of 292,035.40 COP. Watch UBER chart and read a more detailed UBER TECHNOLOGIES stock forecast: see what analysts think of UBER TECHNOLOGIES and suggest that you do with its stocks.
UBER reached its all-time high on Oct 18, 2024 with the price of 356,120 COP, and its all-time low was 116,520 COP and was reached on Oct 11, 2022. View more price dynamics on UBER chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
UBER stock is 1.46% volatile and has beta coefficient of 1.84. Track UBER TECHNOLOGIES stock price on the chart and check out the list of the most volatile stocks — is UBER TECHNOLOGIES there?
Today UBER TECHNOLOGIES has the market capitalization of 682.49 T, it has increased by 4.48% over the last week.
Yes, you can track UBER TECHNOLOGIES financials in yearly and quarterly reports right on TradingView.
UBER TECHNOLOGIES is going to release the next earnings report on Feb 5, 2025. Keep track of upcoming events with our Earnings Calendar.
UBER earnings for the last quarter are 5.06 K COP per share, whereas the estimation was 1.58 K COP resulting in a 220.02% surprise. The estimated earnings for the next quarter are 2.13 K COP per share. See more details about UBER TECHNOLOGIES earnings.
UBER TECHNOLOGIES revenue for the last quarter amounts to 47.21 T COP, despite the estimated figure of 46.39 T COP. In the next quarter, revenue is expected to reach 51.92 T COP.
UBER net income for the last quarter is 11.02 T COP, while the quarter before that showed 4.21 T COP of net income which accounts for 161.68% change. Track more UBER TECHNOLOGIES financial stats to get the full picture.
No, UBER doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Nov 5, 2024, the company has 30.40 K employees. See our rating of the largest employees — is UBER TECHNOLOGIES on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. UBER TECHNOLOGIES EBITDA is 17.53 T COP, and current EBITDA margin is 5.44%. See more stats in UBER TECHNOLOGIES financial statements.
Like other stocks, UBER shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade UBER TECHNOLOGIES stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So UBER TECHNOLOGIES technincal analysis shows the sell today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating UBER TECHNOLOGIES stock shows the buy signal. See more of UBER TECHNOLOGIES technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.