Lyft Inc [NASDAQ: LYFT] loss -0.45% or -0.06 points to close at $13.33 with a heavy trading volume of 9525073 shares.
The daily chart for LYFT points out that the company has recorded 0.60% gains over the past six months.
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If we look at the average trading volume of 13.35M shares, LYFT reached to a volume of 9525073 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 $19.21 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 2.37. 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.
Loop Capital have made an estimate for Lyft Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 07, 2024. While these analysts kept the previous recommendation, Gordon Haskett raised their target price from $17 to $20. The new note on the price target was released on June 07, 2024, representing the official price target for Lyft Inc stock. On June 07, 2024, analysts increased their price target for LYFT shares from 15 to 20.
The Average True Range (ATR) for Lyft Inc is set at 0.61, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.15. The Price to Book ratio for the last quarter was 10.94, with the Price to Cash per share for the same quarter was set at 4.13.
Trading performance analysis for LYFT stock
Lyft Inc [LYFT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.45. With this latest performance, LYFT shares dropped by -12.70% in over the last four-week period, additionally plugging by 0.60% over the last 6 months – not to mention a rise of 30.81% 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 35.37, with the RSI for the last a single of trading hit 34.56, and the three-weeks RSI is set at 37.17 for Lyft Inc [LYFT]. The present Moving Average for the last 50 days of trading for this stock 15.45, while it was recorded at 13.64 for the last single week of trading, and 14.20 for the last 200 days.
Lyft Inc [LYFT]: A deeper dive into fundamental analysis
Lyft Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 0.82.
Lyft Inc [LYFT]: An earnings per share (EPS) analysis
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 17.00%.
An analysis of Institutional ownership at Lyft Inc [LYFT]
The top three institutional holders of LYFT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in LYFT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in LYFT stock with ownership which is approximately 5.1238%.
