Lyft Inc (NASDAQ:LYFT) finished Thursday with an addition of $0.19 to close at $10.51, an upside of 1.84 percent. An average of 12,369,500 shares of common stock have been traded in the last five days. There was a gain of $0.18 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 11,322,720 shares traded, while the 50-day average volume stands at 14,621,142.
LYFT stock has decreased by -2.41% in the last month. The company shares reached their 1-month lowest point of $9.72 on 09/25/23. With the stock rallying to its 52-week high on 02/08/23, shares of the company touched a low of $7.85 and a high of $18.36 in 52 weeks. It has reached a new high 21 times so far this year and lost -4.63% or -$0.51 in price. In spite of this, the price is down -42.76% from the 52-week high.
Insider Transactions
LYFT stock investors should be aware that Lyft Inc (LYFT) stock had its last reported insider trading activity 14 days ago on Sep 15. In this transaction, the insider spent $168,742. Director, Green Logan, disposed of 7,862 shares at a price of $11.44 on Aug 30. The insider now owns more than $89,903 worth of shares. Prior to that, Director Wilderotter Mary Agnes went on to Sale 2,403 shares at $10.29 each on Aug 28. An amount of $24,720 was transacted.
Valuation Metrics
Lyft Inc (LYFT) stock’s beta is 1.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.96, the price-to-book (PB) ratio at 10.49.
Financial Health
The quick ratio of Lyft Inc for the three months ended June 29 was 0.82, and the current ratio was 0.82, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.60 and a total debt to equity ratio of 2.81 for the quarter ending June 29. Lyft Inc’s EBITDA margin for the year ending June 29 is -31.85%, while its operating margin for the same period stands at -27.62%. Its gross profit as reported stood at $1.66 billion compared to revenue of $4.1 billion.
Earnings Surprise
For the three-month period that ended June 29, Lyft Inc had $808.06 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 -$114.26 million in the quarter, while revenues of -$187.65 million were shrunk -230.17%. The analyst consensus anticipated Lyft Inc’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0.16, a 1,700.00% surprise. For the quarter, EBITDA amounted to -$143.96 million. Shareholders own equity worth $386.24 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 28 September was 47.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.62%.
As of today, LYFT’s price is $10.09 +1.74% or $0.18 from its 5-day moving average. LYFT is currently trading -10.02% lower than its 20-day SMA and +21.78% higher than its 100-day SMA. However, the stock’s current price level is -13.71% below the SMA50 and -4.02% below the SMA200.
The stochastic %K and %D were 27.32% and 15.59%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 40.72% and the average true range at 0.49, the RSI (14) stands at 46.47%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.
Analyst Ratings
TD Cowen reiterated its a Market perform rating on Lyft Inc (NASDAQ: LYFT), but raised their price target to $9, indicating a potential price decrease of -16.78% for the stock. The consensus rating for Lyft Inc (LYFT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LYFT, while 34 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
