Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UBER stock price has experienced increased activity of bears after its recent quarter report.</a> </li> 
 <li> <span>2</span> <a>Earlier this month, Uber Technologies reported its Q2 2023 earnings report.</a> </li> 
</ul> 
<p>Uber Technologies (UBER) stock price slid over 0.36% in its weekly price analysis. This further shows over a 3% price drop in the one-month price analysis. Notably, as the company recently released its second quarter result, its stock price has mostly experienced an increased bearish trend.&nbsp;</p> 
<p>However, UBER stock price rose over 22% in the last six months which also added over 73% price gain in year-to-date (YTD) price analysis.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/l5sw0iKUIi-QDqzTKjZfJ8m-q7OWL2TyugXAxDGtAbvufWhSbY5gFFpn_sDUsKC-_rGm_qYB4OyEWQkcQSI3kKVf-Cjx5XVEJ6Jm5OIIJgyIub-CDMpG0MYS3FaTSTco5cjgniJa8SETR5TY3Dj3D58" alt="UBER Stock Price Slides Down After Q2 2023 Earnings Report"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Furthermore, in the other transportation industry stocks, Bird Global (NYSE: BRDS) and Verra Mobility (NASDAQ: VRRM) stock have experienced the most bearish price performance in the recent week. As the above chart shows, BRDS stock price dropped more than 47% while VRRM stock has noted over 11% price decline.</p> 
<h2 class="wp-block-heading" id="strong-uber-stock-price-performance-strong"><strong>UBER Stock Price Performance</strong></h2> 
<p>After following a bearish trend for the last month, UBER stock price rose upwards with a 0.73% price gain on August 17, 2023, Thursday’s trading session. The stock added $0.32 in its trading price and then closed at $43.97, whereas its opening was $44.18. In Thursday’s trading session, UBER stock price traded in between the price range of $44.86 to $43.91.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/ndj54EYbAGBY_MwcHa3J4jtpcjdpP8C9jyt52CqabGMwuwPucLZsZY2fX-clSMCMAdbpJXAFwyDUDklaj2wphkrXuXQYw-sZumnUf39rPYc7vPsRggtkiJrgpEQ1xJDhKCipa1GRj8enHtZPCXTmGN4" alt="UBER Stock Price Slides Down After Q2 2023 Earnings Report"> 
  <figcaption class="wp-element-caption"> <strong>Source: UBER/USD by </strong><a href="https://www.tradingview.com/x/co567aFi/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>As the above price chart shows, the pre-market price of the <a href="https://www.thecoinrepublic.com/2023/08/17/barc-stock-experienced-over-47-million-volume-in-recent-one-day/" rel="noopener noreferrer nofollow">stock</a> is nearing its 50-day moving average. Whereas after the recent earnings, the stock price dropped down from nearly $48.00. The RSI further started following the bearish trend as it also dropped nearly from its overbought zone.</p> 
<h3 class="wp-block-heading" id="strong-q2-2023-highlights-of-uber-technologies-strong"><strong>Q2 2023 Highlights of Uber Technologies</strong></h3> 
<p>Uber Technologies Inc. (NYSE: UBER), an American transportation conglomerate, released its Q2 2023 earnings earlier this month. According to the report, its net income for this quarter is $394.00 Million. The price-to-sales ratio of UBER is 2.59 while the company has an Enterprise Value to EBITDA ratio of 105.21.</p> 
<p>UBER earnings per <a href="https://www.thecoinrepublic.com/2023/08/16/nclh-stock-price-sloping-down-below-its-100-day-moving-average/" rel="noopener noreferrer nofollow">share </a>(EPS) for Q2 2023 is $0.18 whereas the estimation was negative $0.01 which accounts for a 1572.15% surprise. The revenue for the same period amounts to $9.23 Billion despite the estimated figure of $9.34 Billion. For the upcoming quarter, the estimated EPS is $0.07, and revenue is expected to reach $9.55 Billion.</p> 
<p>Last year’s revenue report of Uber Technologies, Inc. reached $31.88 Billion. Out of which, $14.03 Billion came from its highest performing source at the moment, “mobility”.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

UBER Stock Price Slides Down After Q2 2023 Earnings Report

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Thecoinrepublic.com

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