Uber Technologies Inc. (NYSE:UBER) traded today at a new 52-week high of $60.03. This new high was reached on below average trading volume as 6.1 million shares traded hands, while the average 30-day volume is approximately 21.7 million shares.
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.
In the past 52 weeks, Uber Technologies Inc. share prices are bracketed by a low of $13.71 and a high of $60.03 and is now at $58.88, 329% above that low price.
Uber Technologies Inc. (NYSE:UBER) has potential upside of 52.2% based on a current price of $58.88 and analysts’ consensus price target of $89.64.
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