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Uber shares continue to fall: What does this mean for investors?
On December 30, 2024, Uber shares fell 1.4%. Information on price movements, sales and forecasts in the article.
Uber shares continue to fall: What does this mean for investors?
On December 30, 2024, Uber shares recorded different price movements on US stock exchanges. At 4:28 a.m. the price fell 1.4 percent to $60.30. At its peak, the shares fell to USD 60.12 before trading at USD 60.51 at the start of trading in New York. So far, 388,777 Uber shares have been traded. In contrast, the stock was trading loudly on Monday afternoon finance.net, down 1.1 percent at $60.44, after the daily low of $60.36.
On October 12, 2024, Uber shares reached their highest level in the past 52 weeks at $87.00. In order to reach this high again, the share price would have to gain 44.27 percent. However, this comes in the context of the 52-week low set on August 6, 2024 at $54.99. The stock currently still has 8.81 percent room to fall from its 52-week low, with the loss since then amounting to 9.02 percent.
Key financial data and forecasts
The dividend forecast for the current year is $0.000, which is the same as last year. According to financial results presented on October 31, 2024, EPS (earnings per share) was $1.24, up from $0.11 in the year-ago quarter. Revenue for the most recent quarter was $11.19 billion, topping last year's $9.29 billion.
Fourth quarter 2024 results are expected to be released on February 5, 2025. Experts estimate that Uber's earnings in 2024 will average $1.81 per share, which provides a positive outlook for the company but differs from current price movements, as reported by finanzen.ch and finance.net listed.