Market Analysts see Lyft Inc. [LYFT] gaining to $43. Time to buy?

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Lyft Inc. [NASDAQ: LYFT] loss -4.31% or -1.46 points to close at $32.45 with a heavy trading volume of 4217767 shares. The company report on April 13, 2022 that Lyft To Announce First Quarter 2022 Financial Results.

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Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the first fiscal quarter of 2022 after the close of the market on Tuesday, May 3, 2022.

On the same day, Lyft will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to a live audio webcast, please visit the Company’s Investor Relations page at https://investor.lyft.com/.

It opened the trading session at $33.36, the shares rose to $33.74 and dropped to $32.40, the range by which the price of stock traded the whole day. The daily chart for LYFT points out that the company has recorded -32.56% loss over the past six months. However, it is still -0.31% lower than its most recent low trading price.

If we look at the average trading volume of 6.39M shares, LYFT reached to a volume of 4217767 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Lyft Inc. [LYFT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LYFT shares is $55.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LYFT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 11, 2022. While these analysts kept the previous recommendation, Wolfe Research dropped their target price from $46 to $45. The new note on the price target was released on February 09, 2022, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another raise from $46 to $50, while UBS kept a Buy rating on LYFT stock. On February 09, 2022, analysts decreased their price target for LYFT shares from 80 to 54.

The Average True Range (ATR) for Lyft Inc. is set at 1.70, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 3.80. The Price to Book ratio for the last quarter was 7.97, with the Price to Cash per share for the same quarter was set at 6.01.

Trading performance analysis for LYFT stock

Lyft Inc. [LYFT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.63. With this latest performance, LYFT shares dropped by -13.49% in over the last four-week period, additionally sinking by -32.56% over the last 6 months – not to mention a drop of -47.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LYFT stock in for the last two-week period is set at 38.57, with the RSI for the last a single of trading hit 35.44, and the three-weeks RSI is set at 40.68 for Lyft Inc. [LYFT]. The present Moving Average for the last 50 days of trading for this stock 37.24, while it was recorded at 33.87 for the last single week of trading, and 44.95 for the last 200 days.

Lyft Inc. [LYFT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Lyft Inc. [LYFT] shares currently have an operating margin of -33.74 and a Gross Margin at +36.05. Lyft Inc.’s Net Margin is presently recorded at -31.46.

Return on Equity for this stock declined to -65.75, with Return on Assets sitting at -21.36.

Lyft Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.

An analysis of insider ownership at Lyft Inc. [LYFT]

There are presently around $9,418 million, or 82.50% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 49,691,620, which is approximately 1.735% of the company’s market cap and around 1.30% of the total institutional ownership; JPMORGAN CHASE & CO, holding 31,019,021 shares of the stock with an approximate value of $1.05 billion in LYFT stocks shares; and VANGUARD GROUP INC, currently with $845.89 million in LYFT stock with ownership of nearly 1.878% of the company’s market capitalization.

Positions in Lyft Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 295 institutional holders increased their position in Lyft Inc. [NASDAQ:LYFT] by around 28,389,917 shares. Additionally, 235 investors decreased positions by around 22,079,196 shares, while 78 investors held positions by with 227,270,743 shares. The mentioned changes placed institutional holdings at 277,739,856 shares, according to the latest SEC report filing. LYFT stock had 82 new institutional investments in for a total of 4,410,081 shares, while 91 institutional investors sold positions of 6,265,402 shares during the same period.