Lyft Inc (NASDAQ:LYFT) currently has a daily average trading volume of 17.84M but it saw 13503571 shares traded in last market. With a market cap of 7.31B USD, the company’s current market price of $18.28 came falling about -1.61 while comparing to the previous closing price of $18.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.82 and as low as $7.85.
Taking a look at 20-day trading activity of Lyft Inc (LYFT) gives us an average price of $18.66, while its current price level is -12.20% below from 52-week high level whereas it is 132.87% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $16.17 while that of 200 days or SMA-200 reads an average of $12.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.37% during that period while stretching the period over a month that increases to 4.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.12 which implies that the stock is in neutral territory.
RBC Capital Mkts upgraded its recommendation for the stock as a “Outperform” from “Sector Perform” on March 04, 2024 while assigning a price target range of $17-$23.
Over the week, LYFT’s stock price is moving -6.88% down while it is 7.03% when we observe its performance for the past one month. Year-to-date it is 21.95% up and over the past year, the stock is showing an upside performance of 97.20%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.18 beat the consensus estimate of $0.08 for the same. For LYFT, analysts are forecasting an EPS-growth rate of -7.70% for current year and estimate for EPS growth in next year is 40.00%. In next quarter, company is expected to be making quarterly sales of $1.26 billion as analysts are expecting the sales for current fiscal year at $5.12 billion and seeing the company making $5.76 billion in sales next year. Moreover, analysts are in estimates of $1.15 billion for current-quarter revenue.
Currently, Lyft Inc’s total number of outstanding shares is 391.24M with 9.40% of that held by the insiders while 77.48% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -21.59% and return on equity (ROE) at -73.17%. It has a 21.41 of forward P/E ratio. Stock’s beta reads 2.03. Stock has a price to book (P/B) ratio of 13.50 while price to sale or P/S ratio amounts to 1.66. Its return on asset (ROA) is -7.46% on average.
