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The closing price of Lyft Inc (NASDAQ: LYFT) was $16.73 for the day, up 3.59% from the previous closing price of $16.15. In other words, the price has increased by $3.59 from its previous closing price. On the day, 12.08 million shares were traded. LYFT stock price reached its highest trading level at $16.875 during the session, while it also had its lowest trading level at $16.1125.
Ratios:
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 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 2.08 whereas as Long-Term Debt/Eq ratio is at 1.91.
On March 04, 2024, RBC Capital Mkts Upgraded its rating to Outperform which previously was Sector Perform and also upped its target price recommendation from $17 to $23.
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 Apr 01 ’24 when Sverchek Kristin sold 10,200 shares for $19.28 per share. The transaction valued at 196,661 led to the insider holds 70,778 shares of the business.
Zimmer John Patrick sold 193,200 shares of LYFT for $3,872,404 on Mar 21 ’24. The Director now owns 932,544 shares after completing the transaction at $20.04 per share. On Mar 21 ’24, another insider, Zimmer John Patrick, who serves as the Director of the company, sold 36,000 shares for $20.04 each. As a result, the insider received 721,566 and left with 0 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 6688771072 and an Enterprise Value of 6131913216. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 12.35. Its current Enterprise Value per Revenue stands at 1.392 whereas that against EBITDA is -22.516.
Stock Price History:
The Beta on a monthly basis for LYFT is 2.04, which has changed by 0.67971885 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, LYFT has reached a high of $20.82, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is -3.95%, while the 200-Day Moving Average is calculated to be 27.64%.
Shares Statistics:
LYFT traded an average of 17.73M shares per day over the past three months and 11217700 shares per day over the past ten days. A total of 391.24M shares are outstanding, with a floating share count of 339.29M. Insiders hold about 15.14% of the company’s shares, while institutions hold 75.16% stake in the company. Shares short for LYFT as of 1711584000 were 48937930 with a Short Ratio of 2.76, compared to 1709164800 on 54074795. Therefore, it implies a Short% of Shares Outstanding of 48937930 and a Short% of Float of 14.6.
Earnings Estimates
The stock of Lyft Inc (LYFT) is currently in the spotlight, with 16 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.15 and a low estimate of $-0.88, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.13, with high estimates of $0.21 and low estimates of $0.07.
Analysts are recommending an EPS of between $1.08 and $0.31 for the fiscal current year, implying an average EPS of $0.59. EPS for the following year is $0.84, with 20 analysts recommending between $1.45 and $0.55.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 30 analysts. It ranges from a high estimate of $1.23B to a low estimate of $940.1M. As of the current estimate, Lyft Inc’s year-ago sales were $981.42M, an estimated increase of 17.90% from the year-ago figure. For the next quarter, 29 analysts are estimating revenue of $1.27B, an increase of 24.00% over than the figure of $17.90% in the same quarter last year. There is a high estimate of $1.37B for the next quarter, whereas the lowest estimate is $1.02B.
A total of 37 analysts have provided revenue estimates for LYFT’s current fiscal year. The highest revenue estimate was $5.42B, while the lowest revenue estimate was $4.34B, resulting in an average revenue estimate of $5.14B. In the same quarter a year ago, actual revenue was $4.4B, up 16.60% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $5.77B in the next fiscal year. The high estimate is $6.25B and the low estimate is $4.54B. The average revenue growth estimate for next year is up 12.40% from the average revenue estimate for this year.
