Are You Interested In Investing In Lyft Inc. (LYFT)? Check This Out First

As of Thursday close, Lyft Inc.’s (NASDAQ:LYFT) stock was up $0.87, moving up 4.91 percent to $18.59. The average number of shares traded per day over the past five days has been 22,090,520 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.44 fall in that time frame. In the last twenty days, the average volume was 17,593,061, while in the previous 50 days, it was 10,186,452.

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Since last month, LYFT stock retreated -44.42%. Shares of the company fell to $17.24 on 05/12/22, the lowest level in the past month. A 52-week high of $63.07 was reached on 01/05/22 after having rallying from a 52-week low of $17.52. Since the beginning of this year, LYFT’s stock price has dropped by -56.49% or -$24.14, and marked a new high 3 times. However, the stock has declined by -70.52% since its 52-week high.

Lyft Inc. (LYFT) last reported insider trading activity 45 days ago on Mar 29. Sverchek Kristin, the President of Business Affairs of the company, disposed of 4,000 shares for $40.00 on Mar 29. It resulted in a $160,003 divestment by the insider. Sverchek Kristin sold 3,938 shares at an average price of $40.00 on Mar 29. The insider now owns 226,035 shares following the transaction. On Feb 28, Director Wilderotter Mary Agnes sold 554 shares at $38.70 apiece. The transaction was valued at $21,437.

Financial Health

In the three months ended September 29, Lyft Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.49. On the profitability front, the trailing twelve-month gross margin is 38.90% percent. In the year ended September 29, operating margins totaled -37.80%. Based on annual data, LYFT earned $1.51 billion in gross profit and brought in $3.21 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -49.40%. Return on equity (ROE) for the past 12 months was -88.80%.

In Lyft Inc.’s quarter-end financial report for September 29, it reported total debt of $787.4 million against cash and short-term investments of $2.02 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. LYFT’s revenue rose 30.45% to $969.93 million during the quarter, while net income inched up to $875.58 million. While analysts expected Lyft Inc. to report -$0.03 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 266.70%. During the quarter, the company generated -$167.08 million in EBITDA. The liabilities of Lyft Inc. were 3.61 billion at the end of its most recent quarter ended September 29, and its total debt was $1.02 billion. The value of shareholders’ equity is $347.98 million.

Technical Picture

This quick technical analysis looks at Lyft Inc.’s (LYFT) price momentum. With a historical volatility rate of 172.51%, the RSI 9-day stood at 20.16% on 12 May.

With respect to its five-day moving average, the current Lyft Inc. price is down by -15.62% percent or -$3.44. At present, LYFT shares trade -46.58% below its 20-day simple moving average and -51.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -52.25% below its SMA50 and -66.67% below its SMA200.

Stochastic coefficient K was 4.44% and Stochastic coefficient D was 3.40%, while ATR was 2.33. Given the Stochastic reading of 7.89% for the 14-day period, the RSI (14) reading has been calculated as 23.09%. As of today, the MACD Oscillator reading stands at -3.82, while the 14-day reading stands at -7.64.

Analyst Ratings

Lyft Inc. downgraded its rating on Lyft Inc. (NASDAQ: LYFT) to a Neutral in a note to investors on May 04, 2022. The analysts firm previously had a Positive rating on the stock.Lyft Inc. (LYFT) has been rated Overweight by analysts. According to 1 brokerage firm, LYFT is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Lyft Inc. stock as buy, with 24 recommending it as overweight.


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