The price of Lyft Inc (NASDAQ: LYFT) closed at $18.26 in the last session, up 3.16% from day before closing price of $17.70. In other words, the price has increased by $+0.56 from its previous closing price. On the day, 11705492 shares were traded.
Ratios:
We take a closer look at LYFT’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Sverchek Kristin sold 3,500 shares for $17.51 per share. The transaction valued at 61,291 led to the insider holds 96,978 shares of the business.
Sverchek Kristin sold 6,500 shares of LYFT for $105,977 on Mar 01 ’24. The PRESIDENT now owns 100,478 shares after completing the transaction at $16.30 per share. On Feb 29 ’24, another insider, Green Logan, who serves as the Director of the company, sold 11,867 shares for $15.69 each. As a result, the insider received 186,194 and left with 346,341 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 7.30B and an Enterprise Value of 6.66B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 13.48. Its current Enterprise Value per Revenue stands at 1.51 whereas that against EBITDA is -35.23.
Stock Price History:
Over the past 52 weeks, LYFT has reached a high of $19.42, while it has fallen to a 52-week low of $7.85. The 50-Day Moving Average of the stock is 14.53, while the 200-Day Moving Average is calculated to be 12.00.
Shares Statistics:
According to the various share statistics, LYFT traded on average about 18.27M shares per day over the past 3-months and 16.49M shares per day over the past 10 days. A total of 391.24M shares are outstanding, with a floating share count of 339.76M. Insiders hold about 15.02% of the company’s shares, while institutions hold 75.15% stake in the company. Shares short for LYFT as of Feb 29, 2024 were 54.07M with a Short Ratio of 2.96, compared to 45.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.53% and a Short% of Float of 16.13%.
Earnings Estimates
The company has 16 analysts who recommend its stock at the moment. 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 $0.14, with high estimates of $0.21 and low estimates of $0.07.
Analysts are recommending an EPS of between $1.08 and $0.3 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $0.85, with 19 analysts recommending between $1.45 and $0.53.
Revenue Estimates
According to 28 analysts, the current quarter’s revenue is expected to be $1.15B. 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 17.50% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $1.26B, an increase of 23.70% over than the figure of $17.50% 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 34 analysts have provided revenue estimates for LYFT’s current fiscal year. The highest revenue estimate was $5.36B, while the lowest revenue estimate was $4.34B, resulting in an average revenue estimate of $5.13B. In the same quarter a year ago, actual revenue was $4.4B, up 16.50% from the average estimate. Based on 34 analysts’ estimates, the company’s revenue will be $5.76B in the next fiscal year. The high estimate is $6.15B and the low estimate is $4.54B. The average revenue growth estimate for next year is up 12.30% from the average revenue estimate for this year.
