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The price of Lyft Inc (NASDAQ: LYFT) closed at $13.40 in the last session, down -4.08% from day before closing price of $13.97. In other words, the price has decreased by -$4.08 from its previous closing price. On the day, 17.32 million shares were traded. LYFT stock price reached its highest trading level at $14.04 during the session, while it also had its lowest trading level at $13.39.
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 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 2.50 whereas as Long-Term Debt/Eq ratio is at 2.30.
On June 07, 2024, Gordon Haskett Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $17 to $20.
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 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 5636669952 and an Enterprise Value of 4968168960. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 10.99. Its current Enterprise Value per Revenue stands at 1.062 whereas that against EBITDA is -66.684.
Stock Price History:
The Beta on a monthly basis for LYFT is 2.07, which has changed by 0.31501472 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 -14.37%, while the 200-Day Moving Average is calculated to be -5.39%.
Shares Statistics:
According to the various share statistics, LYFT traded on average about 13.38M shares per day over the past 3-months and 11933320 shares per day over the past 10 days. A total of 391.24M shares are outstanding, with a floating share count of 344.48M. Insiders hold about 14.62% of the company’s shares, while institutions hold 79.87% stake in the company. Shares short for LYFT as of 1718323200 were 48891540 with a Short Ratio of 3.65, compared to 1715731200 on 43311312. Therefore, it implies a Short% of Shares Outstanding of 48891540 and a Short% of Float of 14.62.
