Lyft Inc [NASDAQ: LYFT] loss -4.38% on the last trading session, reaching $10.92 price per share at the time.
If compared to the average trading volume of 13.96M shares, LYFT reached a trading volume of 16282952 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $18.76 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.
Melius have made an estimate for Lyft Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 22, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on July 16, 2024, representing the official price target for Lyft Inc stock. Previously, the target price had yet another raise to $20, while Loop Capital analysts kept a Buy rating on LYFT stock. On June 07, 2024, analysts increased their price target for LYFT shares from 17 to 20.
The Average True Range (ATR) for Lyft Inc is set at 0.59, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 8.96, 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 -10.71. With this latest performance, LYFT shares dropped by -18.45% in over the last four-week period, additionally sinking by -15.28% over the last 6 months – not to mention a drop of -6.75% 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 23.75, with the RSI for the last a single of trading hit 18.00, and the three-weeks RSI is set at 28.15 for Lyft Inc [LYFT]. The present Moving Average for the last 50 days of trading for this stock 13.79, while it was recorded at 11.69 for the last single week of trading, and 14.40 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%.
