The ongoing risk-off in tech stocks has Uber Technologies Inc (ញូវយ៉កៈយូប៊ឺរ) down nearly 50% at present. Still, shares of the ride-hailing company remain unattractive for ERShares’ Chief Investment Strategist.
Uber is not even close to breaking even
Eva Ados says she’d avoid a name like Uber that continues to lose money more than three years after it listed on the New York Stock Exchange. On "អាហារថ្ងៃត្រង់ថាមពល" របស់ CNBC, នាងបានកត់សម្គាល់ថា:
We never owned Uber; we’re not buying it now because it doesn’t have strong fundamentals. It’s losing money since day 1, has a high debt to capital ratio (above one-to-one), and is nowhere even close to breaking even.
Earlier this month, Uber reported a $5.90 billion loss for ត្រីមាសទីមួយនៃសារពើពន្ធរបស់ខ្លួន. The San Francisco-based company blamed its equity investments in Grab, Aurora, and Didi for the quarterly loss.
Higher energy prices are not good for Uber
The ongoing war in Ukraine is keeping oil prices well above $100 a barrel, which, as per Eva Ados, is another significant headwind for Uber Technologies Inc. In her interview, she added:
With energy costs now rising, the rebates they’re giving to drivers are not enough. They have shifted that financial burden to them. So, the drivers are reluctant to drive. It doesn’t look like their business model is working in this environment.
Ados dubs Lyft Inc a better choice for investors right now than Uber. The latter recently announced plans of scaling back on hiring as part of a broader cost reduction programme.
ប្រកាស Eva Ados៖ ភាគហ៊ុន Uber ធ្លាក់ចុះ 50% ពីមួយឆ្នាំទៅមួយឆ្នាំ មិនមែនជាការទិញទេ។ បានបង្ហាញខ្លួនជាលើកដំបូង អ៊ីនវេស.
Source: https://invezz.com/news/2022/05/23/eva-ados-uber-stock-down-50-year-to-date-is-not-a-buy/