For Lyft Inc. [LYFT], Analyst sees a drop to $14. What next?

Lyft Inc. [NASDAQ: LYFT] gained 1.57% or 0.17 points to close at $11.02 with a heavy trading volume of 11238757 shares. The company report on November 7, 2022 that Lyft Announces Third Quarter Results.


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Q3 revenue of $1.05 billion was an all-time high.

It opened the trading session at $10.58, the shares rose to $11.27 and dropped to $10.56, the range by which the price of stock traded the whole day. The daily chart for LYFT points out that the company has recorded -18.25% loss over the past six months. However, it is still -14.08% lower than its most recent low trading price.

If we look at the average trading volume of 15.55M shares, LYFT reached to a volume of 11238757 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 $23.54 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 2.40. 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.

Cowen have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on November 22, 2022. The new note on the price target was released on November 09, 2022, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another drop from $41 to $18, while Evercore ISI kept a In-line rating on LYFT stock.

The Average True Range (ATR) for Lyft Inc. is set at 0.60, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.01. The Price to Book ratio for the last quarter was 5.13, with the Price to Cash per share for the same quarter was set at 5.02.

Trading performance analysis for LYFT stock

Lyft Inc. [LYFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.11. With this latest performance, LYFT shares dropped by -1.78% in over the last four-week period, additionally sinking by -18.25% over the last 6 months – not to mention a drop of -74.66% 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 50.29, with the RSI for the last a single of trading hit 55.67, and the three-weeks RSI is set at 47.56 for Lyft Inc. [LYFT]. The present Moving Average for the last 50 days of trading for this stock 11.89, while it was recorded at 10.41 for the last single week of trading, and 18.06 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 -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.

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

There are presently around $3,176 million, or 83.90% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 51,607,927, which is approximately 26.963% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 26,299,243 shares of the stock with an approximate value of $289.82 million in LYFT stocks shares; and BLACKROCK INC., currently with $197.21 million in LYFT stock with ownership of nearly 2.63% of the company’s market capitalization.

Positions in Lyft Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 215 institutional holders increased their position in Lyft Inc. [NASDAQ:LYFT] by around 60,273,137 shares. Additionally, 212 investors decreased positions by around 42,969,606 shares, while 86 investors held positions by with 184,941,396 shares. The mentioned changes placed institutional holdings at 288,184,139 shares, according to the latest SEC report filing. LYFT stock had 53 new institutional investments in for a total of 13,534,152 shares, while 80 institutional investors sold positions of 10,966,312 shares during the same period.

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