Lyft Inc. [LYFT] fell -7.71% so far this year. What now?

Lyft Inc. [NASDAQ: LYFT] gained 1.70% on the last trading session, reaching $10.17 price per share at the time. The company report on February 9, 2023 that Lyft Announces Q4’22 and Fiscal 2022 Results.

Lyft, Inc. (Nasdaq:LYFT) today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

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“In 2022 we took important steps to strengthen our business and delivered significant value to our customers,” said Logan Green, co-founder and chief executive officer of Lyft. “The better marketplace balance we see today creates significant opportunities for long-term profitable growth. To take advantage of this opportunity we must ensure competitive service levels. Reinforcing our competitive position, servicing more demand and reducing our fixed and variable costs will put us in the best position to deliver strong shareholder returns.”.

Lyft Inc. represents 365.25 million in outstanding shares, while the company has a total market value of $3.78 billion with the latest information. LYFT stock price has been found in the range of $9.75 to $10.255.

If compared to the average trading volume of 21.31M shares, LYFT reached a trading volume of 13277659 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 $15.67 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 2.80. 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.

BTIG Research have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 14, 2023. The new note on the price target was released on February 14, 2023, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another drop from $21.25 to $13, while Wells Fargo kept a Equal Weight rating on LYFT stock. On February 10, 2023, analysts decreased their price target for LYFT shares from 17 to 13.

The Average True Range (ATR) for Lyft Inc. is set at 0.58, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 0.92. The Price to Book ratio for the last quarter was 9.59, with the Price to Cash per share for the same quarter was set at 4.83.

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 7.85. With this latest performance, LYFT shares gained by 13.13% in over the last four-week period, additionally sinking by -14.54% over the last 6 months – not to mention a drop of -69.60% 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 53.18, with the RSI for the last a single of trading hit 58.66, and the three-weeks RSI is set at 49.68 for Lyft Inc. [LYFT]. The present Moving Average for the last 50 days of trading for this stock 10.73, while it was recorded at 10.04 for the last single week of trading, and 13.04 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 -35.63 and a Gross Margin at +29.68. Lyft Inc.’s Net Margin is presently recorded at -38.69.

Return on Total Capital for LYFT is now -76.19, given the latest momentum, and Return on Invested Capital for the company is -87.81. Return on Equity for this stock declined to -183.19, with Return on Assets sitting at -33.96. When it comes to the capital structure of this company, Lyft Inc. [LYFT] has a Total Debt to Total Equity ratio set at 282.15. Additionally, LYFT Total Debt to Total Capital is recorded at 73.83, with Total Debt to Total Assets ending up at 24.07. Long-Term Debt to Equity for the company is recorded at 257.16, with the Long-Term Debt to Total Capital now at 67.29.

Reflecting on the efficiency of the workforce at the company, Lyft Inc. [LYFT] managed to generate an average of -$358,568 per employee.Lyft Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

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

There are presently around $3,077 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 52,840,060, which is approximately 2.387% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 29,206,946 shares of the stock with an approximate value of $297.04 million in LYFT stocks shares; and BLACKROCK INC., currently with $153.65 million in LYFT stock with ownership of nearly -15.575% of the company’s market capitalization.

Positions in Lyft Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 202 institutional holders increased their position in Lyft Inc. [NASDAQ:LYFT] by around 57,968,693 shares. Additionally, 242 investors decreased positions by around 45,145,099 shares, while 75 investors held positions by with 199,416,644 shares. The mentioned changes placed institutional holdings at 302,530,436 shares, according to the latest SEC report filing. LYFT stock had 86 new institutional investments in for a total of 17,828,663 shares, while 98 institutional investors sold positions of 11,934,247 shares during the same period.


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