Where Does Lyft Inc. (LYFT) Rank When It Comes To Price-To-Earnings Ratio?

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Lyft Inc. (NASDAQ:LYFT) finished Thursday with a subtraction of -$1.25 to close at $14.69, a downside of -7.84 percent. An average of 15,599,380 shares of common stock have been traded in the last five days. There was a fall of -$2.30 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 14,128,255 shares traded, while the 50-day average volume stands at 14,385,946.

LYFT stock has decreased by -4.30% in the last month. The company shares reached their 1-month lowest point of $13.71 on 09/01/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $11.96 and a high of $57.68 in 52 weeks. It has reached a new high 3 times so far this year and lost -65.62% or -$28.04 in price. In spite of this, the price is down -74.53% from the 52-week high.


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Insider Transactions

44 days have passed since Lyft Inc. (LYFT) last reported insider trading activity. Sverchek Kristin, who is President of Business Affairs, most recently acquired $18,885 shares at $20.05 per share on Aug 10. In this transaction, the insider spent $378,663. President of Business Affairs, Sverchek Kristin, disposed of 13,000 shares at a price of $18.98 on Aug 09. The insider now owns more than $246,789 worth of shares. Prior to that, Director Wilderotter Mary Agnes went on to Sale 553 shares at $17.94 each on May 27. An amount of $9,919 was transacted.

Valuation Metrics

Lyft Inc. (LYFT) stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.46, the price-to-book (PB) ratio at 5.32.

Financial Health

The quick ratio of Lyft Inc. for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.85 and a total debt to equity ratio of 0.92 for the quarter ending June 29. Its gross profit as reported stood at $1.51 billion compared to revenue of $3.21 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Lyft Inc.’s return on assets was -20.00%.

Earnings Surprise

For the three-month period that ended June 29, Lyft Inc. had $1.57 billion in cash and short-term investments compared to $807.99 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$377.25 million in the quarter, while revenues of -$196.93 million were grew 33.22%. The analyst consensus anticipated Lyft Inc.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0.13, a 533.30% surprise. For the quarter, EBITDA amounted to -$345.01 million. Shareholders own equity worth $352.74 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Lyft Inc. (LYFT) price momentum. RSI 9-day as of the close on 22 September was 36.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.08%.

As of today, LYFT’s price is $16.00 -13.54% or -$2.30 from its 5-day moving average. LYFT is currently trading -4.55% lower than its 20-day SMA and -54.94% lower than its 100-day SMA. However, the stock’s current price level is +17.43% above the SMA50 and -64.98% below the SMA200.

The stochastic %K and %D were 43.31% and 51.37%, respectively, and the average true range (ATR) was 1.09. With the 14-day stochastic at 19.15% and the average true range at 1.08, the RSI (14) stands at 41.14%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -0.43.

Analyst Ratings

BofA Securities launched coverage on Lyft Inc. (NASDAQ: LYFT) in its analyst report released on September 06, 2022. The firm assigned the stock an Underperform rating.

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

Analysts predict a range of price targets between $14.00 and $57.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Lyft Inc. (LYFT) stock is $30.24.

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