Uber Technologies Inc. (NYSE: UBER) is currently gearing up to divest its self-driving unit, Uber Advanced Technologies Group. Sources disclosed that the company is in discussion with Aurora. It has also been revealed that Uber is also planning to increase its holdings in Aurora if Aurora acquires ATG.
Advanced Technologies Group of Uber was priced at $7.25 billion after receiving a $1 billion investment from DENSO, Softbank, and Toyota funds eighteen-month earlier. People familiar with the matter disclosed that both the companies have been in discussion since October and still there is a long way to go.
Advanced Technologies Group of Uber is engaged in the development of self-driving technology. Softbank Group Corp & Toyota Motor Corp have holdings in ATG. Aurora is best known as an autonomous vehicle technology startup striving to invest in the transportation industry. It has worked hard and rose to a firm with a 600 workforce.
Both companies haven’t commented on the deal yet. The ATG sale discussion could stall. But if completed, it would help both the companies to provide value to stakeholders.
Uber Technologies, Inc. (UBER) has seen some recent activity in the stock market and its common shares closed at $47.61 yesterday. People are starting to take notice of UBER as the common shares traded as high as $47.79 and as low as $45.93 in the previous market trading session.
Uber Technologies, Inc. (UBER) average trading volume is 22.95M. However, in the previous market trading session Uber Technologies, Inc. (UBER) traded 15,510,840 shares. The First downside support level on UBER is $47.14. UBER 50day moving average is $37.78 and UBER 200 day moving average is $34.09.
Uber Technologies, Inc. (UBER) most recent performance has been shown by the recent movement in UBER common shares. UBER has performed 38.97% over the past 4 weeks, UBER has performed 61.50% over the past 90 days and UBER has shown 83.19% over the past 365 days. Uber Technologies, Inc. (UBER) has a 1 year range of $13.71 to $49.62. Uber Technologies, Inc. (UBER) is trading 247.26% from its 1 year low and -4.05% from its 1 year high. Uber Technologies, Inc. (UBER) is indicating a 3.35% short float indicating the amount short in the float.
UBER has 1.74B shares outstanding and 1.69B shares in the float. Uber Technologies, Inc. (UBER) presently has a market cap of $78.03B and income of -6969.00M. The EPS next quarter for UBER is -0.53 and anticipated EPS next year is 57.10%. The market cap of Uber Technologies, Inc. (UBER) at $78.03B represents how many People own shares of UBER and is calculated off the last price ($47.61) of UBER and the amount of shares outstanding (1.74B) with Uber Technologies, Inc. (UBER).
Uber Technologies, Inc. (UBER) has aggregate cash (mrq) of 7.29B, aggregate cash per share (mrq) of 4.13, aggregate debt of UBER is at 10.07B and aggregate debt/equity (mrq) is 98.93. . Uber Technologies, Inc. (UBER) operational cash flow (ttm) is -3.74B, UBER leveraged free cash flow (ttm) is -1.52B.
UBER is trading 23.68% above (bullish) its SMA20, 28.91% above (bullish) its SMA50 and 44.52% above (bullish) its SMA200.