Uber Technologies Inc. (NYSE:UBER) traded at a new 52-week high today of $64.05. Approximately 29.2 million shares have changed hands today, as compared to an average 30-day volume of 22.6 million shares.
Over the past year, Uber Technologies Inc. has traded in a range of $13.71 to $64.05 and is now at $61.96, 352% above that low.
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm’s on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides “aerial ride-sharing.” Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 110 million users that order rides or foods at least once a month. Approximately 76% of its gross revenue comes from ride-sharing and 22% from food delivery.
Uber Technologies Inc. has overhead space with shares priced $61.96, or 31.2% below the average consensus analyst price target of $90.03.
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