I do not own any share in Uber. They operate a ride hailing and food delivery service in many cities around the world.
Based on their latest financial report, they make a loss of $3.33 per share. Their current share price is $29. This will cover 8.7 years of losses.
The analysts predict that Uber will be marginally profitable for the next financial year, with a PE ratio of over 400 times.
The highest price of Uber was in Apr 2021 where it hit $54. It has since declined by 46% to $29.
I do not like Uber. I do not like their business model. I think that it will be difficult for the company to be profitable to justify their current price.
Note - I am giving a personal opinion. This is not financial advice.