Lyft Inc [NASDAQ: LYFT] stock went on an upward path that rose over 3.93% on Friday, amounting to a one-week price increase of more than 0.52%.
Over the last 12 months, LYFT stock rose by 47.00%. The one-year Lyft Inc stock forecast points to a potential upside of 7.73. The average equity rating for LYFT stock is currently 2.40, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $5.75 billion, with 391.24 million shares outstanding and 349.62 million shares in the current float. Compared to the average trading volume of 13.42M shares, LYFT stock reached a trading volume of 13216596 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $14.61 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.
The Benchmark Company have made an estimate for Lyft Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 25, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price to Mkt Perform. The new note on the price target was released on September 24, 2024, representing the official price target for Lyft Inc stock. Previously, the target price had yet another raise to $13, while Cantor Fitzgerald analysts kept a Neutral rating on LYFT stock.
The Average True Range (ATR) for Lyft Inc is set at 0.54, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 9.57, with the Price to Cash per share for the same quarter was set at 4.23. Price to Free Cash Flow for LYFT in the course of the last twelve months was 15.60 with Quick ratio for the last quarter at 0.74.
LYFT Stock Performance Analysis:
Lyft Inc [LYFT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.52. With this latest performance, LYFT shares gained by 9.06% in over the last four-week period, additionally sinking by -21.63% over the last 6 months – not to mention a rise of 47.00% 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 53.65, with the RSI for the last a single of trading hit 51.24, and the three-weeks RSI is set at 54.43 for Lyft Inc [LYFT]. The present Moving Average for the last 50 days of trading for this stock 12.57, while it was recorded at 13.58 for the last single week of trading, and 14.41 for the last 200 days.
Insight into Lyft Inc Fundamentals:
Lyft Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 0.74.
LYFT Stock EPS
With the latest financial reports released by the company, Lyft Inc posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.11. 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.
Lyft Inc [LYFT] Institutonal Ownership Details
There are presently around $82.86%, or 91.15%% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 59.08 million shares, which is approximately 14.7118%. VANGUARD GROUP INC, holding 34.03 million shares of the stock with an approximate value of $$479.86 million in LYFT stocks shares; and VANGUARD GROUP INC, currently with $$253.41 million in LYFT stock with ownership which is approximately 4.4757%.
