Lyft, Inc.[LYFT] stock saw a move by -2.95% on Thursday, touching 15.57 million. Based on the recent volume, Lyft, Inc. stock traders appear to be active. The most recent trading volume of LYFT shares recorded 282.79M shares, which represents the daily volume of traded shares. Analysts estimates state that Lyft, Inc. [LYFT] stock could reach median target price of $63.00.
Lyft, Inc. [LYFT] stock additionally went down by -0.82% in the period of the 7 days, recording a drop in performance by -1.36% in the last 30 days. The yearly more of LYFT stock is set at by far, with shares price recording returns by 11.10% in the latest quarter. Over the past six months, LYFT shares showcased -13.69% decrease. LYFT saw -46.92% change opposing the low price in the last 12 months, also recording 26.88% compared to high within the same period of time.
Lyft, Inc. [NASDAQ:LYFT]: Analyst Rating and Earnings
Its stock price has been found in the range of 37.07 to 88.60. This is compared to its latest closing price of $48.46.
Keep looking out for the next-scheduled quarterly financial results that this company is expected to put out, which is slated to occur on Tue 5 May (In 82 Days).
Fundamental Analysis of Lyft, Inc. [LYFT]
Now let’s turn to look at profitability: with a current Operating Margin for Lyft, Inc. [LYFT] sitting at -45.34 and its Gross Margin at +26.65, this company’s Net Margin is now -76.30%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.
This company’s Return on Total Capital is -42.64, and its Return on Invested Capital has reached 34.10%. Its Return on Equity is -39.75, and its Return on Assets is -26.90. These metrics suggest that this Lyft, Inc. does a poor job of managing its assets, and likely won’t be able to provide successful business outcomes for its investors in the near term.
Shifting the focus to workforce efficiency, Lyft, Inc. [LYFT] earns $450,139 for each employee under its payroll. Similarly, this company’s Total Asset Turnover is 0.64. This publicly-traded organization’s liquidity data is also interesting: its Quick Ratio is 1.60 and its Current Ratio is 1.60. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.
Lyft, Inc. [LYFT] has 282.79M shares outstanding, amounting to a total market cap of $13.30B. Its stock price has been found in the range of 37.07 to 88.60. At its current price, it has moved down by -46.92% from its 52-week high, and it has moved up 26.88% from its 52-week low.
This stock’s Relative Strength Index (RSI) is at 46.55. This RSI score is good, suggesting this stock is neither overbought or oversold.
Conclusion: Is Lyft, Inc. [LYFT] a Reliable Buy?
Shares of Lyft, Inc. [LYFT], on the whole, present investors with both positive and negative signals. Wall Street analysts have mixed reviews when it comes to the 12-month price outlook, and this company’s financials show a combination of strengths and weaknesses. Based on the price performance, this investment is somewhat risky while presenting reasonable potential for ROI.