Lyft Inc. (LYFT): What the Financials Tell Us


Lyft Inc. (NASDAQ:LYFT) saw an upside of 0.06% to close Monday at $15.41 after adding $0.01 on the day. The 5-day average trading volume is 13,990,900 shares of the company’s common stock. It has gained $15.74 in the past week and touched a new high 4 times within the past 5 days. An average of 12,645,625 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,384,290.

LYFT’s 1-month performance is 48.75% or $5.20 on its low of $9.66 reached on 12/28/22. The company’s shares have touched a 52-week low of $9.66 and high of $45.65, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, LYFT has achieved 39.84% or $4.39 and has reached a new high 12 times. However, the current price is down -66.24% from the 52-week high price.

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Insider Transactions

LYFT stock investors last saw insider trading activity on Nov 28.Wilderotter Mary Agnes (Director) most recently sold 1,826 shares at $10.87 per share on Nov 28. This transaction cost the insider $19,854. President of Business Affairs, Sverchek Kristin, sold 18,885 shares at a price of $20.05 on Aug 10. Then, on Aug 09, President of Business Affairs Sverchek Kristin sold 13,000 shares at a price of $18.98 per share. This transaction amounted to $246,789.

Valuation Metrics

LYFT stock has a beta of 1.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.32 while the price-to-book (PB) in the most recent quarter is 7.17.

Lyft Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.09, while the total debt to equity was 1.15. In terms of profitability, the gross margin trailing 12 months is 32.00%. The firm’s gross profit as reported stood at $1.51 billion against revenue of $3.21 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Lyft Inc.’s cash and short-term investments amounted to $1.64 billion against total debt of $1.11 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 83.06% to -$422.2 million, while revenue of -$377.25 million was 10.65% off the previous quarter. Analysts expected LYFT to announce $0.07 per share in earnings in its latest quarter, but it posted $0.1, representing a 42.90% surprise. EBITDA for the quarter stood at more than -$260.22 million. LYFT stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 3.83 billion, with total debt at $1.11 billion. Shareholders hold equity totaling $360.94 million.

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 23 January was 84.22% to suggest the stock is trending Overbought, with historical volatility in this time period at 46.26%.

The stock’s 5-day moving average is $14.74, reflecting a +6.35% or $0.92 change from its current price. LYFT is currently trading +47.04% above its 20-day SMA, +4.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +41.38% and SMA200 by-58.52%.

Stochastic %K and %D was 92.71% and 91.58% and the average true range (ATR) pointed at 0.73. The RSI (14) points at 77.14%, while the 14-day stochastic is at 93.08% with the period’s ATR at 0.72. The stock’s 9-day MACD Oscillator is pointing at 0.57 and 1.54 on the 14-day charts.

Analyst Ratings

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 20 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 22 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 $8.00 and a high of $45.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Lyft Inc. (LYFT) stock is $19.57.


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