As of close of business last night, Lyft Inc’s stock clocked out at $18.27, up 1.61% from its previous closing price of $17.98. On the day, 8023920 shares were traded.
Ratios:
To gain a deeper understanding of LYFT’s stock, we examine its different ratios. 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:
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 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:
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 13.49.
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 $7.85.
Shares Statistics:
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 75.19% stake in the company.
Earnings Estimates
As of right now, 16 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 30 analysts expect revenue to total $1.16B. 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.
