Lyft Inc [NASDAQ: LYFT] plunged by -$0.56 during the normal trading session on while it closed the day at $16.15.
Lyft Inc stock has also loss -13.91% of its value over the past 7 days. However, LYFT stock has inclined by 27.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 56.64% and gained 7.74% year-on date.
The market cap for LYFT stock reached $6.46 billion, with 391.24 million shares outstanding and 339.29 million shares in the current float. Compared to the average trading volume of 17.68M shares, LYFT reached a trading volume of 13265989 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 $16.39 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 2.72. 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.
Argus have made an estimate for Lyft Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 05, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $17 to $23. The new note on the price target was released on March 04, 2024, representing the official price target for Lyft Inc stock. On January 11, 2024, analysts increased their price target for LYFT shares from 12 to 15.
The Average True Range (ATR) for Lyft Inc is set at 0.98, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 11.92, with the Price to Cash per share for the same quarter was set at 4.22.
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 -13.91. With this latest performance, LYFT shares dropped by -15.89% in over the last four-week period, additionally plugging by 56.64% over the last 6 months – not to mention a rise of 57.25% 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 37.97, with the RSI for the last a single of trading hit 30.61, and the three-weeks RSI is set at 43.18 for Lyft Inc [LYFT]. The present Moving Average for the last 50 days of trading for this stock 17.42, while it was recorded at 17.28 for the last single week of trading, and 13.11 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 0.87 and a Current Ratio set at 0.87.
Earnings per share (EPS) analysis for Lyft Inc [LYFT] stock
With the latest financial reports released by the company, Lyft Inc posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 216.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LYFT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Lyft Inc go to 11.20%.
Lyft Inc [LYFT]: Institutional Ownership
The top three institutional holders of LYFT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in LYFT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in LYFT stock with ownership which is approximately 5.8386%.
