Lyft Inc. (LYFT) stock is nearly perfect except the valuation

The closing price of Lyft Inc. (NASDAQ: LYFT) was $15.30 for the day, down -0.71% from the previous closing price of $15.41. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 18554296 shares were traded. LYFT stock price reached its highest trading level at $16.13 during the session, while it also had its lowest trading level at $15.29.

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Our analysis of LYFT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 1.15 whereas as Long-Term Debt/Eq ratio is at 1.09.

Upgrades & Downgrades

Cowen Downgraded its Outperform to Market Perform on November 22, 2022, whereas the target price for the stock was revised from $36 to $14.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 28 when Wilderotter Mary Agnes sold 1,826 shares for $10.87 per share. The transaction valued at 19,854 led to the insider holds 38,730 shares of the business.

Sverchek Kristin sold 18,885 shares of LYFT for $378,663 on Aug 10. The President of Business Affairs now owns 194,538 shares after completing the transaction at $20.05 per share. On Aug 09, another insider, Sverchek Kristin, who serves as the President of Business Affairs of the company, sold 13,000 shares for $18.98 each. As a result, the insider received 246,789 and left with 70,350 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 7.12.

Stock Price History:

Over the past 52 weeks, LYFT has reached a high of $45.65, while it has fallen to a 52-week low of $9.66. The 50-Day Moving Average of the stock is 11.74, while the 200-Day Moving Average is calculated to be 16.32.

Shares Statistics:

LYFT traded an average of 15.33M shares per day over the past three months and 15.19M shares per day over the past ten days. A total of 356.48M shares are outstanding, with a floating share count of 317.44M. Insiders hold about 0.90% of the company’s shares, while institutions hold 83.90% stake in the company. Shares short for LYFT as of Oct 13, 2022 were 38.87M with a Short Ratio of 45.34M, compared to 33.39M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 11.02% and a Short% of Float of 15.14%.

Earnings Estimates

The firm’s stock currently is rated by 18 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.22 and a low estimate of -$0.04, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.13, with high estimates of $0.28 and low estimates of $0.

Analysts are recommending an EPS of between $0.71 and $0.16 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $1.01, with 23 analysts recommending between $2 and $0.17.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 34 analysts. It ranges from a high estimate of $1.18B to a low estimate of $1.04B. As of the current estimate, Lyft Inc.’s year-ago sales were $862.68M, an estimated increase of 22.80% from the year-ago figure. For the next quarter, 33 analysts are estimating revenue of $1.16B, an increase of 20.00% less than the figure of $22.80% in the same quarter last year. There is a high estimate of $1.33B for the next quarter, whereas the lowest estimate is $1.07B.

A total of 39 analysts have provided revenue estimates for LYFT’s current fiscal year. The highest revenue estimate was $4.36B, while the lowest revenue estimate was $3.77B, resulting in an average revenue estimate of $4.08B. In the same quarter a year ago, actual revenue was $3.21B, up 27.20% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $4.95B in the next fiscal year. The high estimate is $5.67B and the low estimate is $4.16B. The average revenue growth estimate for next year is up 21.30% from the average revenue estimate for this year.