After finishing at $19.63 in the prior trading day, Lyft Inc (NASDAQ: LYFT) closed at $19.48, down -0.76%. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 18145645 shares were traded.
Ratios:
Our goal is to gain a better understanding of LYFT by taking a closer look at 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:
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 Mar 21 ’24 when Zimmer John Patrick sold 193,200 shares for $20.04 per share. The transaction valued at 3,872,404 led to the insider holds 932,544 shares of the business.
Zimmer John Patrick sold 36,000 shares of LYFT for $721,566 on Mar 21 ’24. The Director now owns 0 shares after completing the transaction at $20.04 per share. On Mar 21 ’24, another insider, Sverchek Kristin, who serves as the PRESIDENT of the company, sold 16,000 shares for $20.00 each. As a result, the insider received 320,003 and left with 80,978 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 7.79B and an Enterprise Value of 7.14B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 14.38. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is -37.81.
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. The 50-Day Moving Average of the stock is 15.68, while the 200-Day Moving Average is calculated to be 12.47.
Shares Statistics:
The stock has traded on average 17.78M shares per day over the past 3-months and 14.46M shares per day over the last 10 days, according to various share statistics. 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 75.19% stake in the company. Shares short for LYFT as of Feb 29, 2024 were 54.07M with a Short Ratio of 2.97, 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
Its stock is currently analyzed by 16 different market analysts. 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 $0.3 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
29 analysts predict $1.15B in revenue for the current quarter. 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, 28 analysts are estimating revenue of $1.26B, an increase of 23.50% 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 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.
