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As of close of business last night, Lyft Inc’s stock clocked out at $11.35, down -2.32% from its previous closing price of $11.62. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 21.44 million shares were traded. LYFT stock price reached its highest trading level at $11.52 during the session, while it also had its lowest trading level at $11.04.
Ratios:
To gain a deeper understanding of LYFT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.43. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 1.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on September 05, 2024, initiated with a Neutral rating and assigned the stock a target price of $13.
On July 22, 2024, Melius started tracking the stock assigning a Hold rating and target price of $15.Melius initiated its Hold rating on July 22, 2024, with a $15 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Llewellyn Lindsay Catherine bought 4,243 shares for $12.00 per share.
Green Logan sold 10,323 shares of LYFT for $119,960 on Aug 27 ’24. The Director now owns 330,790 shares after completing the transaction at $11.62 per share. On Aug 27 ’24, another insider, Llewellyn Lindsay Catherine, who serves as the CHIEF LEGAL OFFICER, SECRETARY of the company, sold 8,486 shares for $11.76 each. As a result, the insider received 99,795 and left with 764,332 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, LYFT now has a Market Capitalization of 4655282176 and an Enterprise Value of 4114905600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 8.06. Its current Enterprise Value per Revenue stands at 0.808 whereas that against EBITDA is -68.853.
Stock Price History:
Over the past 52 weeks, LYFT has reached a high of $20.82, while it has fallen to a 52-week low of $8.85. The 50-Day Moving Average of the stock is -3.20%, while the 200-Day Moving Average is calculated to be -21.84%.
Shares Statistics:
It appears that LYFT traded 14.28M shares on average per day over the past three months and 11722310 shares per day over the past ten days. A total of 391.24M shares are outstanding, with a floating share count of 342.95M. Insiders hold about 15.00% of the company’s shares, while institutions hold 79.27% stake in the company. Shares short for LYFT as of 1724976000 were 46748774 with a Short Ratio of 3.27, compared to 1722384000 on 47611641. Therefore, it implies a Short% of Shares Outstanding of 46748774 and a Short% of Float of 13.71.
