Lyft Inc [NASDAQ: LYFT] traded at a high on Friday, posting a 2.84 gain after which it closed the day’ session at $15.94.
The results of the trading session contributed to over 13198955 shares changing hands. Over the past one week, the price volatility of Lyft Inc stands at 5.04% while the volatility over the past one month is 4.62%.
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The market cap for LYFT stock reached $6.80 billion, with 406.28 million shares outstanding and 353.86 million shares in the current float. Compared to the average trading volume of 13.99M shares, LYFT reached a trading volume of 13198955 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $19.30 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 0.80, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 1.25. The Price to Book ratio for the last quarter was 10.08, with the Price to Cash per share for the same quarter was set at 4.52. Price to Free Cash Flow for LYFT in the course of the last twelve months was 10.60 with Quick ratio for the last quarter at 0.75.
How has LYFT stock performed recently?
Lyft Inc [LYFT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.18. With this latest performance, LYFT shares gained by 10.69% in over the last four-week period, additionally plugging by 2.18% over the last 6 months – not to mention a rise of 30.55% 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 47.56, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 50.98 for Lyft Inc [LYFT]. The present Moving Average for the last 50 days of trading for this stock 14.95, while it was recorded at 16.55 for the last single week of trading, and 14.79 for the last 200 days.
Lyft Inc [LYFT]: Deeper insight into the fundamentals
Lyft Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.75 and a Current Ratio set at 0.75.
Earnings analysis for Lyft Inc [LYFT]
With the latest financial reports released by the company, Lyft Inc posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 20.45%.
Insider trade positions for Lyft Inc [LYFT]
There are presently around $79.61%, or 87.44%% 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%.
