TaaS allows you to use a third-party service to plan, book, and pay for multiple types of mobility services. Instead of having your own private vehicle, you use a service that provides a similar vehicle to you as needed. The U.S. Census Bureau says the average one-way commute time was 27.6 minutes in 2019, which works out to about 55 minutes of commuting each day. Compare that with the 1,440 minutes in each day, and you can see just how little we actually use our cars. For many people, the ownership model may not make sense if TaaS is an option.
Because our cars aren’t in use the majority of the time, it might be better to just fire up an app and find a car nearby instead. Many TaaS services allow you to do just that, including Uber for ridesharing services and food delivery services or Zipcar for car reservations. This new model might make even more sense as more people are expected to live in urban cores in the coming decades.
TaaS could also be a lot cheaper for the average consumer. AAA reported that the average annual cost of new car ownership has increased to $9,282. Compare that with Zipcar, which would cost you about $74 per day. Although that may sound like a lot, if you use it twice per week, that is an annual cost of $7,696 per year. You also pay for a membership, which costs $7 per month. Using these estimates, Zipcar could save you about $1,500 per year. Using this car-sharing model, you also wouldn’t need to deal with car maintenance.
TaaS stock is stock issued by a company within the TaaS industry that provides transportation as a service. As an investor, you could buy shares of publicly traded TaaS companies from a brokerage. They could provide all the benefits you may get from stocks, such as stock price appreciation and dividends. Some TaaS stocks may even provide voting rights at shareholder meetings.
As a shareholder, you would have the opportunity to participate in the growth of companies in this emerging TaaS market. However, not every new company will be a winner, especially in an industry that is evolving and changing so rapidly. Hence, investing in a TaaS company also means there would be a chance of losing your investment.
TaaS stock refers to a financial asset sold by a public company in the transportation as a service field. Before we look into some examples, let’s explain what the industry revolves around. TaaS is a new mindset. It involvesrelying 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.
According to O.P. Agarwal, World Bank and chairman of the Transportation Research Board Committee on Transport in Developing Countries, trends like telecommuting, e-commerce, and online shopping might change the way in which we perceive urban transportation. These trends are likely to change the nature of traditional car ownership while creating a larger market for TaaS companies.
The projected growth of TaaS stocks value in the next 12 months is solid, and the current prices are comparatively low, which might just signify the right time to buy. Still, it’s not just about buying TaaS stock or not. It’s also about finding the right TaaS companies to invest in.
In this article Stocks Telegraph is presenting you the 5 best TaaS companies stocks to buy right now.
United Parcel Service Inc. (UPS)
United Parcel Service Inc. (UPS) stock closed last session at $192.71, decreasing -3.73% or -$7.46. Shares of the company fluctuated between $192.14 and $197.68 throughout the day. The number of shares exchanged was 2.38 million, less than the company’s 50-day daily volume of 2.49 million and lower than its Year-to-date volume of 3.15 million. In the past 12 months, the company’s stock has advanced -0.86%, and in the last one week, the stock has moved down -1.66%. For the last six months, the stock has lost a total of -5.67%, and over the last three months, the stock has increased by 11.57%. The stock has returned -10.09% so far this year. Additionally, the stock is trading at a price to earnings ratio of 15.46.
Investment analysts at Evercore ISI published a research note on August 22, 2022 where it informed investors and clients that United Parcel Service Inc. (NYSE: UPS) is now rated as In-line. Their price target on the stock stands at $214. Evercore ISI also rated UPS as resumed on July 12, 2022, with its price target of $227 suggesting that UPS could surge by 15.11% from its current share price. Even though the stock has been trading at $200.17/share, analysts expect it to down by -3.73% to reach $192.71/share.
FedEx Corporation (FDX)
FedEx Corporation (FDX) stock subtracted -3.97% to finish last trading session at $205.34. The stock recorded a trading volume of 1.59 million shares, which is below the average daily trading volume published for the last 50 days of 1.62 million shares. The shares of FedEx Corporation have retreated 0.57% in the last five days; however, they have lost -10.98% over the last one month. The stock price has surged 2.17% over the last three months and has lost -21.58 percent so far this year. Further, the stock is being traded at a price to earnings ratio of 14.22. Additionally, it has a price to cash flow ratio of 22.93 and its price to sales ratio stands at 0.56.
With this outlook, analysts have a consensus recommendation rating of 2.00 for the stock, suggesting that investors Overweight the stock. Citigroup issued a stock update for FedEx Corporation (FDX) on September 06, 2022 in which the firm assigned “Neutral” rating. Berenberg on July 01, 2022 rated the stock at “a Hold,”. 31 analysts offering their rating for the stock are split like this: 10 of the 31 rate it as a Hold; 18 see it a buy, while 3 say it is an overweight. Although bullish, it is notable that the stock is well above its 200-day simple moving average by -9.54%, while it is -8.45% below and -6.36% below its SMA50 and SMA20 respectively. The volume of shares traded in the last session stands at 1.59 million against a 3-month average of 2.22M.
Lyft Inc. (LYFT)
On Tuesday, shares in Lyft Inc. (LYFT) fell -7.20% to close the day at $16.88. The volume of shares traded was 13.11 million, which is lower than the average volume over the last three months of 13.80 million. During the trading session, the stock oscillated between $16.79 and $17.77. The company had an earnings per share ratio of -2.77. LYFT’s stock has gained 20.83% of its value in the previous five sessions and -12.99% over the past one month, but has lost -60.50% on year-to-date basis. The stock’s 50-day moving average of $15.49 is above the 200-day moving average of $28.43. Moreover, the stock is currently trading at RSI of 54.08.
Now let’s turn our focus to how large-scale investors are behaving with this stock. Lyft Inc..’s current insider ownership accounts for 1.00%, in contrast to 79.70% institutional ownership. According to the most recent latest insider trade that took place on Aug 10 this organization’s President of Business Affairs sold 18,885 at the rate of 20.05, making the entire transaction hit $378,663 in total value, affecting insider ownership by 194,538. Preceding that transaction, on Aug 09 Company’s President of Business Affairs sold 13,000 at a price of 18.98, making the whole transaction’s value amount to $0.25 million. This particular insider is now the holder of 70,350 in total.
GATX Corporation (GATX)
GATX Corporation (GATX) stock lost -2.03% to close Tuesday’s session at $96.50. The stock volume remained 0.18 million shares, which was higher than the average daily volume of 0.14 million shares within the past 50 days. GATX shares have risen by 8.39% over the last 12 months, and they have moved up by 3.00% in the past week. Over the past three months, the stock has lost -0.89%, while over the past six months, it has shed -20.50%. Further, the company has a current market of $3.32 billion and its outstanding shares stood at 35.50 million.
KENNEY BRIAN A, a Chairman, President and CEO at the company, sold 19,263 shares worth $2,245,441 at 116.57 per share on Apr 08. The Chairman, President and CEO had earlier sold another 27,978 GATX shares valued at $3.27 million on Apr 07. The shares were sold at 116.90 per share. KENNEY BRIAN A (Chairman, President and CEO) sold 21,520 shares at 116.77 per share on Apr 06 for a total of $2.51 million.
Avis Budget Group Inc. (CAR)
The stock of Avis Budget Group Inc. (CAR) lost -5.90% to complete the last trading session at $165.22. The price range of the company’s shares was between $164.29 and $173.94. It traded 3.06 million shares, which was above its daily average of 0.97 million shares over 100 days. CAR’s shares have gained by 6.66% in the last five days, while they have subtracted -12.61% in the last month. Further, it is currently trading at a price to earnings ratio of 3.90. Additionally, the price to cash flow ratio stood at 1.71.
Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Avis Budget Group Inc. (NASDAQ: CAR) stock is found to be 5.48% volatile for the week, while 4.63% volatility is recorded for the month. The outstanding shares have been calculated 48.50M. Based on a recent bid, its distance from 20 days simple moving average is -4.20%, and its distance from 50 days simple moving average is -1.82% while it has a distance of -18.92% from the 200 days simple moving average.