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The closing price of Lyft Inc (NASDAQ: LYFT) was $11.78 for the day, up 0.86% from the previous closing price of $11.68. In other words, the price has increased by $0.86 from its previous closing price. On the day, 11.42 million shares were traded. LYFT stock price reached its highest trading level at $11.95 during the session, while it also had its lowest trading level at $11.58.
Ratios:
Our analysis of LYFT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.90. For the most recent quarter (mrq), Quick Ratio is recorded 0.74 and its Current Ratio is at 0.74. In the meantime, Its Debt-to-Equity ratio is 2.18 whereas as Long-Term Debt/Eq ratio is at 1.31.
On July 22, 2024, Melius started tracking the stock assigning a Hold rating and target price of $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 20 ’24 when Zimmer John Patrick sold 7,188 shares for $11.40 per share. The transaction valued at 81,944 led to the insider holds 932,062 shares of the business.
Green Logan sold 6,045 shares of LYFT for $68,910 on Aug 20 ’24. The Director now owns 341,113 shares after completing the transaction at $11.40 per share. On Aug 20 ’24, another insider, Green Logan, who serves as the Director of the company, bought 6,045 shares for $11.40 each.
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 4790643200 and an Enterprise Value of 4291273216. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 8.36. Its current Enterprise Value per Revenue stands at 0.842 whereas that against EBITDA is -71.804.
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 $8.85. The 50-Day Moving Average of the stock is -4.46%, while the 200-Day Moving Average is calculated to be -18.51%.
Shares Statistics:
LYFT traded an average of 15.39M shares per day over the past three months and 13909420 shares per day over the past ten days. A total of 391.24M shares are outstanding, with a floating share count of 343.70M. Insiders hold about 14.82% of the company’s shares, while institutions hold 79.22% stake in the company. Shares short for LYFT as of 1722384000 were 47611641 with a Short Ratio of 3.09, compared to 1719532800 on 48304167. Therefore, it implies a Short% of Shares Outstanding of 47611641 and a Short% of Float of 13.96.
