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Lyft Inc (NASDAQ: LYFT) closed the day trading at $9.71 down -0.51% from the previous closing price of $9.76. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 12.97 million shares were traded. LYFT stock price reached its highest trading level at $9.83 during the session, while it also had its lowest trading level at $9.53.
Ratios:
For a better understanding of LYFT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.63. 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, Melius on July 22, 2024, initiated with a Hold rating and assigned the stock a target price of $15.
Loop Capital Upgraded its Hold to Buy on June 07, 2024, while the target price for the stock was maintained at $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Sverchek Kristin sold 3,000 shares for $13.81 per share. The transaction valued at 41,443 led to the insider holds 47,778 shares of the business.
Sverchek Kristin sold 3,500 shares of LYFT for $49,026 on Jun 28 ’24. The PRESIDENT now owns 50,778 shares after completing the transaction at $14.01 per share. On Jun 03 ’24, another insider, Sverchek Kristin, who serves as the PRESIDENT of the company, sold 6,500 shares for $15.77 each. As a result, the insider received 102,485 and left with 54,278 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 4003131904 and an Enterprise Value of 3442247424. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 6.89. Its current Enterprise Value per Revenue stands at 0.676 whereas that against EBITDA is -56.659.
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 -26.59%, while the 200-Day Moving Average is calculated to be -32.55%.
Shares Statistics:
Over the past 3-months, LYFT traded about 14.96M shares per day on average, while over the past 10 days, LYFT traded about 23272370 shares per day. A total of 391.24M shares are outstanding, with a floating share count of 344.49M. Insiders hold about 14.62% of the company’s shares, while institutions hold 80.18% stake in the company. Shares short for LYFT as of 1721001600 were 47175224 with a Short Ratio of 3.18, compared to 1718323200 on 48891540. Therefore, it implies a Short% of Shares Outstanding of 47175224 and a Short% of Float of 14.109999.
Earnings Estimates
The current market rating for Lyft Inc (LYFT) reflects the collective analysis of 19.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.17, with high estimates of $0.28 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.95 and $0.46 for the fiscal current year, implying an average EPS of $0.72. EPS for the following year is $0.94, with 23.0 analysts recommending between $1.25 and $0.54.
Revenue Estimates
33 analysts predict $1.43B in revenue for the current quarter. It ranges from a high estimate of $1.49B to a low estimate of $1.26B. As of the current estimate, Lyft Inc’s year-ago sales were $1.14BFor the next quarter, 33 analysts are estimating revenue of $1.46B. There is a high estimate of $1.55B for the next quarter, whereas the lowest estimate is $1.29B.
A total of 40 analysts have provided revenue estimates for LYFT’s current fiscal year. The highest revenue estimate was $5.73B, while the lowest revenue estimate was $4.78B, resulting in an average revenue estimate of $5.55B. In the same quarter a year ago, actual revenue was $4.4BBased on 40 analysts’ estimates, the company’s revenue will be $6.29B in the next fiscal year. The high estimate is $6.66B and the low estimate is $5.38B.
