As of Wednesday close, Lyft Inc.’s (NASDAQ:LYFT) stock was down -$0.72, moving down -5.96 percent to $11.36. The average number of shares traded per day over the past five days has been 20,526,420 shares. 4 times new highs have been achieved over the past 5 days, with a $0.96 gain in that time frame. In the last twenty days, the average volume was 18,547,324, while in the previous 50 days, it was 16,122,332.
Since last month, LYFT stock retreated -3.48%. Shares of the company fell to $10.33 on 08/10/23, the lowest level in the past month. A 52-week high of $19.73 was reached on 02/08/23 after having rallying from a 52-week low of $7.85. Since the beginning of this year, LYFT’s stock price has risen by 3.09% or $0.34, and marked a new high 21 times. However, the stock has declined by -42.41% since its 52-week high.
LYFT stock investors should be aware that Lyft Inc. (LYFT) stock had its last reported insider trading activity 6 days ago on Aug 11. Risher John David, the Chief Executive Officer of the company, purchased of 100,000 shares for $11.46 on Aug 11. It resulted in a $1,146,300 investment by the insider. Stephenson Dave added 8,826 shares at an average price of $11.33 on Aug 11. The insider now owns 39,941 shares following the transaction. On May 26, Director Wilderotter Mary Agnes sold 1,827 shares at $8.27 apiece. The transaction was valued at $15,106.
Valuation Metrics
The stock’s beta is 1.77. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 11.25.
Financial Health
In the three months ended June 29, Lyft Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.20, and the total debt-to-equity ratio was 2.31. On the profitability front, the trailing twelve-month gross margin is 30.70% percent. In the year ended June 29, EBITDA margin amounted to -31.85%, whereas operating margins totaled -32.90%. Based on annual data, LYFT earned $1.66 billion in gross profit and brought in $4.1 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 -126.70%. Return on equity (ROE) for the past 12 months was -272.90%.
In Lyft Inc.’s quarter-end financial report for June 29, it reported total debt of $808.06 million against cash and short-term investments of $1.06 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LYFT’s revenue rose 2.95% to $1.0 billion during the quarter, while net income inched up to $1.02 billion. While analysts expected Lyft Inc. to report -$0.01 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated -$143.96 million in EBITDA. The liabilities of Lyft Inc. were 4.06 billion at the end of its most recent quarter ended June 29, and its total debt was $1000.0 million. The value of shareholders’ equity is $386.24 million.
Technical Picture
This quick technical analysis looks at Lyft Inc.’s (LYFT) price momentum. With a historical volatility rate of 88.00%, the RSI 9-day stood at 48.78% on 16 August.
With respect to its five-day moving average, the current Lyft Inc. price is up by +9.23% percent or $0.96. At present, LYFT shares trade -6.73% below its 20-day simple moving average and +15.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.87% above its SMA50 and -22.35% below its SMA200.
Stochastic coefficient K was 55.44% and Stochastic coefficient D was 50.89%, while ATR was 0.74. Given the Stochastic reading of 42.00% for the 14-day period, the RSI (14) reading has been calculated as 50.24%. As of today, the MACD Oscillator reading stands at 0.44, while the 14-day reading stands at 0.13.
Analyst Ratings
TD Cowen reiterated its a Market perform rating on Lyft Inc. (NASDAQ: LYFT) in a note to investors. The analysts firm has however raised their price target to $11, representing a possible -26.22% increase in the stock price. Lyft Inc. (LYFT) has been rated Hold by analysts. According to 0 brokerage firms, LYFT is a sell, and 30 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Lyft Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $7.60 – $18.00. Based on these forecasts, analysts predict Lyft Inc. (LYFT) will achieve an average price target of $11.58.
