Uber's Run Out of Gas, but Is It Still in the Race?

Jody Chudley, Contributing Analyst, The Oxford Club

Shares of Uber Technologies (NYSE: UBER) have not been a good investment since the company's initial public offering (IPO) in 2019.

While the S&P 500 is up almost 40% since then, Uber's stock is down more than 25%.

A $10,000 investment in Uber at IPO is now worth $7,430. That does not look good against the $13,800 that a $10,000 investment in an S&P 500 index fund could have produced over the same time...

Chart: Uber Runs Out of gas - Growth of a $10,000 initial investment

This chart doesn't look too good. Let's just say that if you invested too heavily at the start, you might actually have to drive an Uber in retirement (but not if bestselling author Marc Lichtenfeld has anything to say about it).

But operationally, Uber has been starting to post some exciting numbers. Revenue, specifically, has been burning rubber.

For the first nine months of 2022, Uber put up $23.2 billion in revenue. That is exactly double the $11.6 billion in revenue that the company generated in the first nine months of 2021. Impressive stuff!

Now, despite this big jump in revenue...

CONTINUE HERE FOR UBER'S RATING

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Jumat, 03 Februari 2023