Uber Technologies Stock Price Prediction

UBER Stock  USD 78.75  0.39  0.50%   
The value of relative strength index of Uber Technologies' stock price is slightly above 62. This usually implies that the stock is rather overbought by investors as of today. The main point of the Relative Strength Index (RSI) is to track how fast people are buying or selling a stock, making its price go up or down.

Oversold Vs Overbought

62

 
Oversold
 
Overbought
Uber Technologies stock price prediction is an act of determining the future value of Uber Technologies shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Uber Technologies' future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Uber Technologies and does not consider all of the tangible or intangible factors available from Uber Technologies' fundamental data. We analyze noise-free headlines and recent hype associated with Uber Technologies, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Uber Technologies' stock price prediction:
Quarterly Earnings Growth
1.269
EPS Estimate Next Quarter
0.18
EPS Estimate Current Year
1.3
EPS Estimate Next Year
2.13
Wall Street Target Price
85.78
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Uber Technologies based on different types of headlines from major news networks to social media. The Uber stock price prediction module provides an analysis of price elasticity to changes in media outlook on Uber Technologies over a specific investment horizon. Using Uber Technologies hype-based prediction, you can estimate the value of Uber Technologies from the perspective of Uber Technologies response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Uber Technologies using Uber Technologies' stock options and short interest. It helps to benchmark the overall future attitude of investors towards Uber using crowd psychology based on the activity and movement of Uber Technologies' stock price.

Uber Technologies Short Interest

A significant increase or decrease in Uber Technologies' short interest from the previous month could be a good indicator of investor sentiment towards Uber. Short interest can provide insight into the potential direction of Uber Technologies stock and how bullish or bearish investors feel about the market overall. An investor who is long Uber Technologies may also wish to track short interest. As short interest increases, investors should be becoming more worried about Uber Technologies and may potentially protect profits, hedge Uber Technologies with its derivative instruments, or be ready for some potential downside.
200 Day MA
51.0063
Short Percent
0.0303
Short Ratio
2.74
Shares Short Prior Month
84.7 M
50 Day MA
66.3304

Uber Technologies Hype to Price Pattern

Investor biases related to Uber Technologies' public news can be used to forecast risks associated with an investment in Uber. The trend in average sentiment can be used to explain how an investor holding Uber can time the market purely based on public headlines and social activities around Uber Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Uber Technologies' market sentiment to its price can help taders to make decisions based on the overall investors consensus about Uber Technologies.

Uber Technologies Implied Volatility

    
  49.92  
Uber Technologies' implied volatility exposes the market's sentiment of Uber Technologies stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Uber Technologies' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Uber Technologies stock will not fluctuate a lot when Uber Technologies' options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Uber Technologies. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Uber Technologies to buy its stock at a price that has no basis in reality. In that case, they are not buying Uber because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Uber Technologies after-hype prediction price

    
  USD 77.85  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.

Prediction based on Rule 16 of the current Uber contract

Based on the Rule 16, the options market is currently suggesting that Uber Technologies will have an average daily up or down price movement of about 3.12% per day over the life of the 2024-03-01 option contract. With Uber Technologies trading at USD 78.75, that is roughly USD 2.46 . If you think that the market is fully incorporating Uber Technologies' daily price movement you should consider acquiring Uber Technologies options at the current volatility level of 49.92%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
  
Check out Uber Technologies Basic Forecasting Models to cross-verify your projections.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Uber Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Uber Technologies in the context of predictive analytics.
Intrinsic
Valuation
LowRealHigh
67.8770.4186.63
Details
Naive
Forecast
LowNextHigh
77.4980.0382.57
Details
51 Analysts
Consensus
LowTargetHigh
49.1353.9959.93
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.040.210.50
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Uber Technologies. Your research has to be compared to or analyzed against Uber Technologies' peers to derive any actionable benefits. When done correctly, Uber Technologies' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Uber Technologies.

Uber Technologies After-Hype Price Prediction Density Analysis

As far as predicting the price of Uber Technologies at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Uber Technologies or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Uber Technologies, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Uber Technologies Estimiated After-Hype Price Volatility

In the context of predicting Uber Technologies' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Uber Technologies' historical news coverage. Uber Technologies' after-hype downside and upside margins for the prediction period are 75.31 and 80.39, respectively. We have considered Uber Technologies' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
78.75
77.85
After-hype Price
80.39
Upside
Uber Technologies is very steady at this time. Analysis and calculation of next after-hype price of Uber Technologies is based on 3 months time horizon.

Uber Technologies Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Uber Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Uber Technologies backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Uber Technologies, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.59 
2.56
  0.92 
  0.06 
7 Events / Month
7 Events / Month
In about 7 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
78.75
77.85
1.14 
164.10  
Notes

Uber Technologies Hype Timeline

Uber Technologies is at this time traded for 78.75. The entity has historical hype elasticity of -0.92 and average elasticity to hype of competition of -0.06. Uber is forecasted to decline in value after the next headline with the price expected to drop to 77.85. The average volatility of media hype impact on the company price is about 164.1%. The price decrease on the next newsis expected to be -1.14% whereas the daily expected return is at this time at 0.59%. The volatility of related hype on Uber Technologies is about 2348.62% with expected price after next announcement by competition of 78.69. About 84.0% of the company outstanding shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.19. Uber Technologies had not issued any dividends in recent years. Given the investment horizon of 90 days the next forecasted press release will be in about 7 days.
Check out Uber Technologies Basic Forecasting Models to cross-verify your projections.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.

Uber Technologies Related Hype Analysis

Having access to credible news sources related to Uber Technologies' direct competition is more important than ever and may enhance your ability to predict Uber Technologies' future price movements. Getting to know how Uber Technologies rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Uber Technologies may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
UUnity Software(0.52)7 per month 3.70  0.01  6.63 (5.55) 18.18 
DJCODaily Journal Corp 1.06 7 per month 2.47 (0.04) 4.17 (3.61) 13.25 
AIC3 Ai Inc(0.47)5 per month 3.74  0  8.65 (5.85) 19.56 
BLBlackline(2.13)8 per month 2.31 (0.05) 3.90 (4.17) 9.91 
DTDynatrace Holdings LLC 1.36 10 per month 0.00 (0.13) 2.69 (3.46) 11.67 
DVDoubleVerify Holdings(0.44)8 per month 1.38  0.18  3.16 (2.41) 8.60 
EBEventbrite Class A(0.08)9 per month 2.52  0.06  5.53 (4.31) 11.10 
KCKingsoft Cloud HoldingsLtd(0.02)9 per month 0.00 (0.21) 5.29 (5.34) 16.23 
MLMoneyLion 1.02 12 per month 3.96  0.13  8.11 (7.13) 23.15 
PDPagerduty(0.87)8 per month 2.15  0.02  3.74 (4.30) 22.11 

Uber Technologies Additional Predictive Modules

Most predictive techniques to examine Uber price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Uber using various technical indicators. When you analyze Uber charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Uber Technologies Predictive Indicators

The successful prediction of Uber Technologies stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Uber Technologies, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Uber Technologies based on analysis of Uber Technologies hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Uber Technologies's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Uber Technologies's related companies.
 2023 2024 (projected)
Long Term Debt to Equity0.840.78
Interest Coverage6.76.66

Story Coverage note for Uber Technologies

The number of cover stories for Uber Technologies depends on current market conditions and Uber Technologies' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Uber Technologies is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Uber Technologies' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Uber Technologies Short Properties

Uber Technologies' future price predictability will typically decrease when Uber Technologies' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Uber Technologies often depends not only on the future outlook of the potential Uber Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Uber Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding2.1 B
Cash And Short Term Investments6.2 B
When determining whether Uber Technologies is a strong investment it is important to analyze Uber Technologies' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Uber Technologies' future performance. For an informed investment choice regarding Uber Stock, refer to the following important reports:
Check out Uber Technologies Basic Forecasting Models to cross-verify your projections.
To learn how to invest in Uber Stock, please use our How to Invest in Uber Technologies guide.
Note that the Uber Technologies information on this page should be used as a complementary analysis to other Uber Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for Uber Stock analysis

When running Uber Technologies' price analysis, check to measure Uber Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Uber Technologies is operating at the current time. Most of Uber Technologies' value examination focuses on studying past and present price action to predict the probability of Uber Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uber Technologies' price. Additionally, you may evaluate how the addition of Uber Technologies to your portfolios can decrease your overall portfolio volatility.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Stocks Directory
Find actively traded stocks across global markets
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Portfolio Analyzer
Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Is Uber Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Uber Technologies. If investors know Uber will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Uber Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.269
Earnings Share
0.87
Revenue Per Share
18.314
Quarterly Revenue Growth
0.154
Return On Assets
0.0196
The market value of Uber Technologies is measured differently than its book value, which is the value of Uber that is recorded on the company's balance sheet. Investors also form their own opinion of Uber Technologies' value that differs from its market value or its book value, called intrinsic value, which is Uber Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Uber Technologies' market value can be influenced by many factors that don't directly affect Uber Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Uber Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Uber Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Uber Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.