rtmark
LearnBonds.com

Uber Stock Price plunge Is a Buying Opportunity

How to Buy Uber Stock

Uber (NYSE: UBER) stock price has been experiencing a bearish trend over the past couple of months. The share price selloff has erased almost 25% of the value from 52-weeks high that it had hit three months ago.

The market pundits believe share price sell-off is presenting an attractive buying opportunity for long-term investors.

Investors are showing confidence in the growth prospects of the emerging company. The latest financial results contributed to investor’s sentiments. In addition, a strong outlook for the following quarters could help in reversing the bearish trend.

UBER Uber Technologies, Inc. daily Stock Chart

Third Quarter Results Supports Uber Stock Price

Uber reported third-quarter revenue of $3.8 billion, up 30% year over year. It had generated revenue growth of 14% in the second quarter of this year. The revenue growth is driven by an acceleration in rides and eats segments.

The gross bookings jumped $3.7 billion year-over-year to $16.5 billion. This represents a 29% year-over-year increase and a 32% growth on a constant currency basis. Its monthly active consumers jumped 26% Y/Y to 103M.

Uber Stock Price plunge...

Its third-quarter rides adjusted EBITDA came in at $631 million. The latest quarter was the 8th successive quarter of positive adjusted EBITDA quarter.

Our results this quarter decisively demonstrate the growing profitability of our Rides segment,” said Dara Khosrowshahi, CEO. “Rides Adjusted EBITDA is up 52% year-over-year and now more than covers our corporate overhead. Revenue growth and take rates in our Eats business also accelerated nicely.

New Business Model Could Enhance Growth Prospects

The company has been actively working on streamlining their operations and managerial team to fully capitalize on growth opportunities. It had made leadership and organizational changes in the past quarters.

Uber Stock Price plunge...

Moreover, the company has reorganized its business model into five segments. These segments include Rides, Eats, Freight, Other Bets, and Advanced Technologies Group (“ATG”) and Other Technology Programs.

On the whole, the huge drop in Uber stock price has made its valuations attractive for new investors. Its future fundamentals are strong. This is because the company expects to generate high double-digit financial growth in the coming quarters.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Based in Saudi Arabia, Siraj has a strong understanding of and passion for accounting and finance. He has worked for international clients for many years on several projects related to the stock market, equity research and other business, accounting and finance related projects. Siraj is a published financial analyst on the world's leading websites including SeekingAlpha, TheStreet, MSN, and others.