5 Best TaaS stocks to Buy Right Now

Once people start making ludicrous amounts of money on something, it’s probably too late to start investing. So, your profit-making potential depends on your ability to recognize new and expanding markets. According to some analysts, transportation as a service (TaaS stocks) is one such opportunity. TaaS is a new mindset. It involves relying on a third party to solve your transportation needs. It can mean taking a rented vehicle, hiring a taxi/public transportation alternative, and much more.


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Asking a question like “Is TaaS stock a good buy?” is an oddly non-specific question. It’s similar to asking a person if they like the taste of food without specifying which one. A TaaS stock is a stock of TaaS companies in the TaaS industry.

Now that we have this out of the way, here are some of the best TaaS stocks to buy, based on their performance within the industry and on the stock market.

In this article Stocks Telegraph is presenting you the 5 best TaaS companies stocks to buy right now.

Uber Technologies Inc. (UBER)

Uber Technologies Inc. (UBER)stock closed the last session at $30.68, increasing 2.16% or $0.65. Shares of the company fluctuated between $29.29 and $30.90 throughout the day. The number of shares exchanged was 29.28 million, greater than the company’s 50-day daily volume of 27.0 million and lower than its Year-to-date volume of 32.36 million. In the past 12 months, the company’s stock has advanced by -23.43%, and in the last week, the stock has moved up 6.68%. For the last six months, the stock has lost a total of -2.60%, and over the last three months, the stock has increased by 18.78%. The stock has returned -26.83% so far this year.

MORGAN STANLEY INVESTMENT MANAGE bought a fresh place in Uber Technologies Inc. (NYSE: UBER). The institutional investor bought 25.7 million shares of the stock in a transaction that took place on 6/30/2022. In another most recent transaction, which was held on 6/30/2022, THE VANGUARD GROUP, INC. bought approximately 14.2 million shares of Uber Technologies Inc. In a separate transaction that took place on 6/30/2022, the institutional investor, MORGAN STANLEY INVESTMENT MANAGE bought 12.8 million shares of the company’s stock. The total Institutional investors and hedge funds own 74.50% of the company’s stock.

Lyft Inc. (LYFT)

On Thursday, shares in Lyft Inc. (LYFT) rise 16.88% to close the day at $17.17. The volume of shares traded was 42.0 million, which is higher than the average volume over the last three months of 13.00 million. During the trading session, the stock oscillated between $14.26 and $17.21. The company had an earnings per share ratio of -2.77. LYFT’s stock has gained 16.56% of its value in the previous five sessions and -8.03% over the past one month but has lost -59.82% on a year-to-date basis. The stock’s 50-day moving average of $15.24 is above the 200-day moving average of $28.84. Moreover, the stock is currently trading at an RSI of 58.25.

Looking at the support for the LYFT, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on September 06, 2022. KeyBanc Capital Markets coverage for the Lyft Inc. (LYFT) stock in a research note released on July 13, 2022, offered a Sector Weight rating. KeyBanc Capital Markets coverage for the Lyft Inc. (LYFT) stock in a research note released on July 13, 2022 offered a Sector Weight rating. Wedbush was of a view on June 29, 2022, that the stock is Outperform, while Bernstein gave the stock Mkt Perform rating on May 24, 2022, issuing a price target of $30- $22. Susquehanna on their part issued a Neutral rating on May 04, 2022.

Avis Budget Group Inc. (CAR)

The stock of Avis Budget Group Inc. (CAR)lost -0.34% to complete the last trading session at $157.02. The price range of the company’s shares was between $152.82 and $160.2383. It traded 0.64 million shares, which was below its daily average of 0.96 million shares over 100 days. CAR’s shares have dropped by -6.19% in the last five days, while they have subtracted -14.46% in the last month. Further, it is currently trading at a price-to-earnings ratio of 3.70. Additionally, the price-to-cash flow ratio stood at 1.73.

Now let’s turn our focus to how large-scale investors are behaving with this stock. Avis Budget Group Inc..’s current insider ownership accounts for 0.90%. According to the most recent latest insider trade that took place on Aug 03 this organization’s Director sold 1,474 at the rate of 178.94, making the entire transaction hit $263,758 in total value, affecting insider ownership by 0. Preceding that transaction, on Mar 03 Company’s Director sold 5,823 at a price of 187.50, making the whole transaction’s value amount to $1.09 million. This particular insider is now the holder of 887 in total.

Expeditors International of Washington Inc. (EXPD)

Expeditors International of Washington Inc. (EXPD) stock was subtracted by -0.54% to finish the last trading session at $101.42. The stock recorded a trading volume of 1.5 million shares, which is below the average daily trading volume published for the last 50 days of 1.15 million shares. The shares of Expeditors International of Washington Inc. have advanced by -1.43% in the last five days; however, they have lost -2.06% over the last month. The stock price has shed -1.63% over the last three months and has lost -18.06 percent so far this year. Further, the stock is being traded at a price-to-earnings ratio of 11.19. Additionally, it has a price-to-cash flow ratio of 13.20 and its price-to-sales ratio stands at 0.89.

To determine the directional movement of the stock, its 50-day moving average is $102.22 while its 200-day moving average is $108.63. With liquidity very critical in the stock market, EXPD has around 165.09M shares outstanding that normally trades 158.49 million of its floats. The price of EXPD recently witnessed a 5-day loss of -1.43% with a 2.30 average true range (ATR). The stock now has a beta of 0.86 while its RSI stands at 42.22.

DoorDash Inc. (DASH)

DoorDash Inc. (DASH)stock gained 0.36% to close Thursday’s session at $59.33. The stock volume remained at 4.45 million shares, which was lower than the average daily volume of 5.56 million shares within the past 50 days. DASH shares have fallen by -70.47% over the last 12 months, and they have moved down by -0.95% in the past week. Over the past three months, the stock has lost -19.60%, while over the past six months, it has shed -35.40%. Further, the company has a current market of $23.16 billion and its outstanding shares stood at 363.96 million.

Now let’s turn our focus to how large-scale investors are working with this stock of the Internet Content & Information Industry. Apple Inc.’s current insider ownership accounts for 0.50%, in contrast to 87.80% institutional ownership. According to the most recent insider trade that took place on Sep 06, this organization’s Director, sold 1,250 shares at the rate of 58.26, making the entire transaction reach $72,825 in total value, affecting insider ownership by 87,278. Preceding that transaction, on Sep 06, Company’s President and COO sold 94,000 for 57.91, making the whole transaction’s value amount to $5.44 million. This particular insider is now the holder of 370,890 in total.

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