Weekly Performance Analysis for Lyft Inc. (LYFT)

Lyft Inc. (NASDAQ:LYFT) saw a downside of -0.38% to $52.60 after subtracting -$0.2 on Tuesday. The 5-day average trading volume is 2,879,043 shares of the company’s common stock. It has gained $56.61 in the past week. An average of 3,880,236 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,944,556.

LYFT’s 1-month performance is 5.58% or $2.55 on its low of $49.48 reached on 09/13/21. The company’s shares have touched a 52-week low of $21.34 and high of $68.28, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, LYFT has achieved 7.47% or $3.43. However, the current price is down -22.96%% from the 52-week high price.


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Insider Transactions

On Sep 21, 21 days have gone by since the last insider trading activity for Lyft Inc. (LYFT). Sverchek Kristin (General Counsel and Secretary) most recently sold 9,000 shares at $55.00 per share on Sep 21. This transaction cost the insider $495,016. General Counsel and Secretary, Sverchek Kristin, sold 6,000 shares at a price of $51.24 on Sep 20. Then, on Sep 01, Chief Executive Officer Green Logan sold 36,000 shares at a price of $48.70 per share. This transaction amounted to $1,753,106.

Valuation Metrics

Lyft Inc. (LYFT) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 36.86 for the sector.LYFT stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.22 while the price-to-book (PB) in the most recent quarter is 12.85.

Lyft Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10 meaning that LYFT stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.49, while the total debt to equity was 0.53. In terms of profitability, the gross margin trailing 12 months is 26.60%. The trailing 12-month EBITDA margin is -70.68% while for the period ending June 29; Lyft Inc.’s operating margin was -64.00%. The firm’s gross profit as reported stood at $917.16 million against revenue of $2.36 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Lyft Inc.’s cash and short-term investments amounted to $1.76 billion against total debt of $1.02 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected LYFT to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.05, representing a 79.20% surprise. EBITDA for the quarter stood at more than -$196.23 million. LYFT stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.21 billion, with total debt at $1.02 billion. Shareholders hold equity totaling $335.27 million

Technical Picture

Let’s look briefly at Lyft Inc. (LYFT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 44.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.14%.

The stock’s 5-day moving average is $53.82, reflecting a -0.68% or -$0.36 change from its current price. LYFT is currently trading +4.02% above its 20-day SMA, +1.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -6.14% and +7.57% respectively.

Stochastic %K and %D was 26.96% and 45.65% and the average true range (ATR) pointed at 1.85. The RSI (14) points at 48.02%, while the 14-day stochastic is at 9.01% with the period’s ATR at 1.90. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.85 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Lyft Inc. (NASDAQ: LYFT), Goldman launched coverage with a Buy rating. Analysts offering their rating for LYFT stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate LYFT as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 25 have offered a “buy” rating.

What is LYFT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $39.00 and a high of $88.00, with their median price target at $72.00. Looking at these predictions, the average price target given by analysts is for Lyft Inc. (LYFT) stock is $71.35.

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