Uber, Jabil, and Builders FirstSource Set to Join Elite Ranks of S&P 500 Companies
December 18, 2023
☀️Trending News
Uber Technologies ($NYSE:UBER) Inc. is set to join the elite ranks of companies included in the Standard & Poor’s 500 index, with S&P 500 set to welcome Uber, Jabil, and Builders FirstSource as new additions. It is a tech-based transportation network company that connects riders with drivers. Uber shares have more than doubled since their IPO, making it one of the most valuable companies in the world. The company has seen solid growth in both the U.S. and international markets.
The company’s inclusion in the S&P 500 will be a major milestone for Uber, as it will join the ranks of some of the most successful companies in the world. The S&P 500 is considered to be the benchmark for the performance of large-cap stocks in the United States, and could open up new opportunities for Uber to access investors through index funds. It will also serve as a major indication of Uber’s successes and potential in the coming years.
Price History
On Friday, UBER TECHNOLOGIES stock opened at $56.7 and closed at $57.4, up by 1.7% from its last closing price of 56.4. UBER TECHNOLOGIES was recently added to the S&P 500, a major accomplishment for the company. With this inclusion, UBER TECHNOLOGIES joins an elite group of companies that make up the S&P 500 and its stock will now be tracked by the index. This will increase visibility for the company as well as bring in more investment opportunities.
The addition of UBER TECHNOLOGIES to the S&P 500 will be a major boost for the company and its investors. The increased visibility will attract more investors and could cause an increase in stock prices over time. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Uber Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 35.95k | 1.05k | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Uber Technologies. More…
| Operations | Investing | Financing |
| 2.52k | -4.18k | -230 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Uber Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 35.95k | 25.43k | 4.56 |
Key Ratios Snapshot
Some of the financial key ratios for Uber Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 40.4% | – | 4.4% |
| FCF Margin | ROE | ROA |
| 6.4% | 11.1% | 2.8% |
Analysis
At GoodWhale, we have taken a close look at the fundamentals of UBER TECHNOLOGIES. Our Star Chart shows that UBER TECHNOLOGIES is classified as a ‘gorilla’ company, indicating that this company has achieved stable and high revenue or earning growth due to a strong competitive advantage. This may be of interest to investors looking for a high-growth company. However, we have given UBER TECHNOLOGIES a relatively low health score of 2/10 considering its cashflows and debt. This means that it is less likely to safely ride out any crisis without the risk of bankruptcy. UBER TECHNOLOGIES is strong in growth and profitability, but weak in asset and dividend, making it a riskier investment than some other companies. More…
Peers
As the world progresses, new technologies are constantly emerging and reshaping the way we live. One of the most recent and influential technological advancements is the rise of ride-sharing apps, such as Uber Technologies Inc. These apps have changed the way we travel, and have had a profound impact on the taxi industry. While Uber has become the most well-known and successful ride-sharing app, it faces stiff competition from other companies, such as Trend Innovations Holding Inc, Waitr Holdings Inc, and Where Food Comes From Inc.
– Trend Innovations Holding Inc ($OTCPK:TREN)
Innovative Holding Inc is a publicly traded holding company with a focus on technology investments. The company’s market cap as of 2022 was 58.02M and its ROE was 81.69%. Innovative Holding Inc’s portfolio includes investments in companies such as AppDirect, Cloud Elements, and Icertis. These companies provide software that helps businesses manage their operations, customers, and suppliers.
– Waitr Holdings Inc ($NASDAQ:WTRH)
Waitr Holdings Inc is a food delivery service company. It operates in the United States and has a market cap of 26.59M as of 2022. The company has a Return on Equity of -127.21%.
Waitr Holdings Inc was founded in 2013 and is headquartered in Lake Charles, Louisiana. The company operates in the restaurant industry and provides food delivery services to its customers. It delivers food from local restaurants to its customers through its app. The company has a fleet of drivers who pick up and deliver food to its customers.
– Where Food Comes From Inc ($NASDAQ:WFCF)
Food Comes From Inc. is a company that helps farmers and food producers to connect with consumers and sell their products. The company has a market cap of 70.04M as of 2022 and a Return on Equity of 17.04%. The company has a strong focus on sustainability and works to promote sustainable practices among its farmers and food producers. The company also works to educate consumers about where their food comes from and the importance of supporting sustainable agriculture.
Summary
Investing in Uber Technologies can be a good move for investors. Uber has a wide range of services including ride-hailing and food delivery, which have continued to grow in popularity during the pandemic. On top of this, the company recently announced it will join the S&P 500, improving its liquidity and broadening its investor base. With Uber exhibiting good fundamentals and growth potential, investors may want to consider investing in the company.
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