Lyft Inc. [LYFT] Stock trading around $14.52 per share: What’s Next?

Lyft Inc. [NASDAQ: LYFT] stock went on a downward path that fall over -0.75% on Friday, amounting to a one-week price increase of more than 7.08%. The company report on October 17, 2022 that Lyft To Announce Third Quarter 2022 Financial Results.


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Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the third fiscal quarter of 2022 after the close of the market on Monday, November 7, 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/.

Over the last 12 months, LYFT stock dropped by -69.05%. The one-year Lyft Inc. stock forecast points to a potential upside of 50.63. The average equity rating for LYFT stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $5.16 billion, with 350.53 million shares outstanding and 309.25 million shares in the current float. Compared to the average trading volume of 14.73M shares, LYFT stock reached a trading volume of 10739383 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $29.41 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.

Gordon Haskett have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $30 to $16. The new note on the price target was released on October 07, 2022, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another drop from $50 to $16, while UBS kept a Neutral rating on LYFT stock.

The Average True Range (ATR) for Lyft Inc. is set at 0.88, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 5.26, with the Price to Cash per share for the same quarter was set at 5.08.

LYFT Stock Performance Analysis:

Lyft Inc. [LYFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.08. With this latest performance, LYFT shares gained by 7.72% in over the last four-week period, additionally sinking by -55.46% over the last 6 months – not to mention a drop of -69.05% 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 55.09, with the RSI for the last a single of trading hit 61.29, and the three-weeks RSI is set at 51.71 for Lyft Inc. [LYFT]. The present Moving Average for the last 50 days of trading for this stock 14.56, while it was recorded at 14.52 for the last single week of trading, and 23.86 for the last 200 days.

Insight into Lyft Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Lyft Inc. [LYFT] shares currently have an operating margin of -35.38 and a Gross Margin at +34.40. Lyft Inc.’s Net Margin is presently recorded at -33.11.

Return on Equity for this stock declined to -70.40, with Return on Assets sitting at -22.47.

Lyft Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Lyft Inc. [LYFT] Insider Position Details

There are presently around $3,870 million, or 79.50% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 40,647,890, which is approximately -20.09% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 25,976,065 shares of the stock with an approximate value of $377.17 million in LYFT stocks shares; and BLACKROCK INC., currently with $253.19 million in LYFT stock with ownership of nearly -1.924% of the company’s market capitalization.

255 institutional holders increased their position in Lyft Inc. [NASDAQ:LYFT] by around 45,199,315 shares. Additionally, 231 investors decreased positions by around 57,983,252 shares, while 68 investors held positions by with 163,326,358 shares. The mentioned changes placed institutional holdings at 266,508,925 shares, according to the latest SEC report filing. LYFT stock had 58 new institutional investments in for a total of 8,794,902 shares, while 99 institutional investors sold positions of 12,291,016 shares during the same period.

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