As of close of business last night, Lyft Inc’s stock clocked out at $17.95, up 4.18% from its previous closing price of $17.23. In other words, the price has increased by $+0.72 from its previous closing price. On the day, 14094225 shares were traded. LYFT stock price reached its highest trading level at $18.04 during the session, while it also had its lowest trading level at $17.20.
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 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 7.18B and an Enterprise Value of 6.53B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 13.25. Its current Enterprise Value per Revenue stands at 1.48 whereas that against EBITDA is -34.57.
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 14.79, while the 200-Day Moving Average is calculated to be 12.14.
Shares Statistics:
It appears that LYFT traded 17.86M shares on average per day over the past three months and 15.06M shares per day over the past ten 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 3.03, 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
As of right now, 15 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 $0.14, 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 $0.6. EPS for the following year is $0.84, with 19 analysts recommending between $1.45 and $0.53.
Revenue Estimates
In the current quarter, 28 analysts expect revenue to total $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 17.40% 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 $17.40% 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 35 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 $5.12B. In the same quarter a year ago, actual revenue was $4.4B, up 16.30% from the average estimate. Based on 35 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 12.50% from the average revenue estimate for this year.
