Lyft Inc. (NASDAQ:LYFT) saw an upside of 5.38% to close Tuesday at $11.56 after adding $0.59 on the day. The 5-day average trading volume is 18,427,840 shares of the company’s common stock. It has gained $12.40 in the past week and touched a new high 1 time within the past 5 days. An average of 14,913,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 15,136,682.
LYFT’s 1-month performance is 4.90% or $1.45 on its low of $10.04 reached on 07/10/23. The company’s shares have touched a 52-week low of $7.85 and high of $21.52, with the stock’s rally to the 52-week high happening on 02/08/23. YTD, LYFT has achieved 4.90% or $0.54 and has reached a new high 21 times. However, the current price is down -46.28% from the 52-week high price.
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Insider Transactions
LYFT stock investors last saw insider trading activity on May 26.Wilderotter Mary Agnes (Director) most recently sold 1,827 shares at $8.27 per share on May 26. This transaction cost the insider $15,106. Director, Green Logan, sold 21,013 shares at a price of $8.06 on May 22. Then, on Feb 27, Director Wilderotter Mary Agnes sold 1,826 shares at a price of $10.16 per share. This transaction amounted to $18,544.
Valuation Metrics
LYFT stock has a beta of 1.80. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.10 while the price-to-book (PB) in the most recent quarter is 11.33.
Lyft Inc.’s quick ratio for the period ended March 30 was 0.80, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending March 30 was 2.13, while the total debt to equity was 2.25.. In terms of profitability, the gross margin trailing 12 months is 29.20%. The trailing 12-month EBITDA margin is -31.85% while for the period ending March 30, Lyft Inc.’s operating margin was -38.20%. The firm’s gross profit as reported stood at $1.66 billion against revenue of $4.1 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Lyft Inc.’s cash and short-term investments amounted to $1.25 billion against total debt of $1.06 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -4.95% to -$187.65 million, while revenue of -$588.13 million was -213.42% off the previous quarter. Analysts expected LYFT to announce -$0.06 per share in earnings in its latest quarter, but it posted $0.07, representing a 216.70% surprise. EBITDA for the quarter stood at more than -$202.4 million. LYFT stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 4.15 billion, with total debt at $1.06 billion. Shareholders hold equity totaling $378.12 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 08 August was 50.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 58.58%.
The stock’s 5-day moving average is $11.32, reflecting a -5.48% or -$0.67 change from its current price. LYFT is currently trading +0.09% above its 20-day SMA, +28.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +42.01% and SMA200 by-11.21%.
Stochastic %K and %D was 19.82% and 17.98% and the average true range (ATR) pointed at 0.64. The RSI (14) points at 52.57%, while the 14-day stochastic is at 42.12% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at -0.65 and -0.60 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Lyft Inc. (NASDAQ: LYFT), TD Cowen reiterated its a Market perform rating for the company but lifted their price target by $9 to $11. Analysts offering their rating for LYFT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate LYFT as a “sell,”, while 32 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 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 $7.60 and a high of $23.00, with their median price target at $10.00. Looking at these predictions, the average price target given by analysts is for Lyft Inc. (LYFT) stock is $10.91.
