Lyft Inc. [LYFT] is -69.72% lower this YTD. Is it still time to buy?

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Lyft Inc. [NASDAQ: LYFT] closed the trading session at $12.94 on 07/15/22. The day’s price range saw the stock hit a low of $12.14, while the highest price level was $13.03. The company report on May 10, 2022 that Lyft President and Co-Founder to Participate in Fireside Chat Hosted by J.P. Morgan.


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Lyft, Inc. (Nasdaq: LYFT) announced today that John Zimmer, co-founder and president, will participate in a fireside chat at J.P. Morgan’s 50th Annual Global Technology, Media and Communications Conference on Tuesday, May 24, 2022 in Boston, MA. Mr. Zimmer is scheduled to appear at 8:50 a.m. Eastern Time.

A live webcast of the event will be available on the investor relations section of the Lyft website at http://investor.Lyft.com.

The stocks have a year to date performance of -69.72 percent and weekly performance of -3.43 percent. The stock has been moved at -69.47 percent over the last six months. The stock has performed -8.62 percent around the most recent 30 days and changed -62.82 percent over the most recent 3-months.

If compared to the average trading volume of 14.05M shares, LYFT reached to a volume of 13434948 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $41.05 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 2.20. 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.

KeyBanc Capital Markets have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on July 13, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on June 29, 2022, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another drop from $30 to $22, while Bernstein kept a Mkt Perform rating on LYFT stock. On May 04, 2022, analysts decreased their price target for LYFT shares from 54 to 25.

The Average True Range (ATR) for Lyft Inc. is set at 0.89, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 3.87, with the Price to Cash per share for the same quarter was set at 6.88.

LYFT stock trade performance evaluation

Lyft Inc. [LYFT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.43. With this latest performance, LYFT shares dropped by -8.62% in over the last four-week period, additionally sinking by -69.47% over the last 6 months – not to mention a drop of -76.36% 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 39.21, with the RSI for the last a single of trading hit 42.05, and the three-weeks RSI is set at 37.60 for Lyft Inc. [LYFT]. The present Moving Average for the last 50 days of trading for this stock 16.40, while it was recorded at 12.50 for the last single week of trading, and 35.52 for the last 200 days.

Lyft Inc. [LYFT]: An insightful look at the core fundamentals

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

Lyft Inc. [LYFT]: Insider Ownership positions

There are presently around $3,605 million, or 83.20% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 50,867,341, which is approximately 2.366% of the company’s market cap and around 1.00% of the total institutional ownership; JPMORGAN CHASE & CO, holding 34,140,845 shares of the stock with an approximate value of $441.78 million in LYFT stocks shares; and VANGUARD GROUP INC, currently with $329.05 million in LYFT stock with ownership of nearly 1.939% of the company’s market capitalization.

Positions in Lyft Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 314 institutional holders increased their position in Lyft Inc. [NASDAQ:LYFT] by around 32,823,400 shares. Additionally, 195 investors decreased positions by around 32,205,132 shares, while 88 investors held positions by with 213,561,641 shares. The mentioned changes placed institutional holdings at 278,590,173 shares, according to the latest SEC report filing. LYFT stock had 76 new institutional investments in for a total of 6,329,412 shares, while 80 institutional investors sold positions of 5,856,677 shares during the same period.

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