As of Wednesday close, Lyft Inc.’s (NASDAQ:LYFT) stock was down -$0.51, moving down -4.56 percent to $10.68. The average number of shares traded per day over the past five days has been 9,418,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.59 fall in that time frame. In the last twenty days, the average volume was 12,146,040, while in the previous 50 days, it was 14,655,979.
Since last month, LYFT stock retreated -3.78%. Shares of the company fell to $10.14 on 08/25/23, the lowest level in the past month. A 52-week high of $18.36 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 dropped by -3.09% or -$0.34, and marked a new high 21 times. However, the stock has declined by -41.83% 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 Sep 15. Zimmer John Patrick, the Director of the company, disposed of 14,952 shares for $11.29 on Sep 15. It resulted in a $168,742 divestment by the insider. Green Logan sold 7,862 shares at an average price of $11.44 on Aug 30. The insider now owns 472,970 shares following the transaction. On Aug 28, Director Aggarwal Prashant bought 96,900 shares at $10.34 apiece. The transaction was valued at $1,001,655.
Valuation Metrics
The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 10.57.
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. 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 $1.09 billion. 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 45.28%, the RSI 9-day stood at 41.16% on 20 September.
With respect to its five-day moving average, the current Lyft Inc. price is down by -5.24% percent or -$0.59. At present, LYFT shares trade -1.20% below its 20-day simple moving average and +4.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.53% below its SMA50 and -4.64% below its SMA200.
Stochastic coefficient K was 22.72% and Stochastic coefficient D was 34.12%, while ATR was 0.50. Given the Stochastic reading of 6.37% for the 14-day period, the RSI (14) reading has been calculated as 44.51%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.38.
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 -18.67% increase in the stock price. Lyft Inc. (LYFT) has been rated Hold by analysts. According to 0 brokerage firms, LYFT is a sell, and 33 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 $9.00 – $16.00. Based on these forecasts, analysts predict Lyft Inc. (LYFT) will achieve an average price target of $11.54.
