Shares of Uber fell 5.36% to $55.26 at 15:38 EST on Monday, after two sequential sessions in a row of losses. NYSE Composite is rising 0.27% to $15,404.58, following last session’s upward trend, This seems, as yet, a somewhat positive trend trading session today.

Uber’s last close was $58.39, 15.91% under its 52-week high of $64.05.

Uber’s Sales

Uber’s sales growth is a negative 8.2% for the ongoing quarter and 65% for the next. The company’s growth estimates for the present quarter and the next is 68.2% and 56.9%, respectively.

Uber’s Revenue

Year-on-year quarterly revenue growth declined by 22.2%, now sitting on 11.14B for the twelve trailing months.

Volatility

Uber’s last day, last week, and last month’s average volatility was 1.04%, 0.98%, and 2.66%, respectively.

Uber’s last day, last week, and last month’s high and low average amplitude percentage was 4.04%, 3.23%, and 4.26%, respectively.

Uber’s Stock Yearly Top and Bottom Value

Uber’s stock is valued at $55.26 at 15:38 EST, way below its 52-week high of $64.05 and way above its 52-week low of $13.71.

Uber’s Moving Average

Uber’s value is below its 50-day moving average of $56.26 and way above its 200-day moving average of $44.39.

Previous days news about Uber

Uber loses U.K. top court ruling on drivers’ employment status. According to Bloomberg Quint on Friday, 19 February, "The court said the contact terms were set by Uber and working conditions were controlled by the company.", "The judges said that Uber drivers are "workers" entitled to rights like minimum wage, holiday pay and rest breaks. "

Uber just lost a major legal battle over whether its UK drivers count as workers and are entitled to minimum wage. According to Business Insider on Friday, 19 February, "The judges concluded that Uber drivers should be counted as workers, entitling them to basic worker rights such as holiday pay and national minimum wage.", "The company said it acted like other traditional minicab firms and counts its drivers as independent contractors, which ultimately gives Uber drivers minimal protections, such as no holiday or sick pay."

Uber faces setback as U.K. court rules drivers are entitled to rights. According to The Wall Street Journal on Friday, 19 February, "The U.K.’s top court ruled Friday that a group of former drivers for Uber Technologies Inc. were entitled to a minimum wage and other benefits while working for the company, dealing a setback to Uber and other gig-economy firms in battles world-wide over their employment model."

Uber rides a leveraged loan repricing spree to slash debt costs. According to Bloomberg Quint on Friday, 19 February, "San-Francisco based Uber slashed the margin on its loan due in 2025 by 50 basis points over the London interbank offered rate, according to a person with knowledge of the matter. "

Restaurants and startups try to outrun Uber eats and doordash. According to The Wall Street Journal on Sunday, 21 February, "Apps like DoorDash and Uber Eats have provided restaurants a flood of customers in the pandemic. ", "DoorDash Inc., Uber Technologies Inc.’s Eats and Grubhub Inc. can charge restaurants up to 30% of every order-a chunk many owners say dents profits even as more orders come in."

LEAVE A REPLY

Please enter your comment!
Please enter your name here