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The closing price of Lyft Inc (NASDAQ: LYFT) was $13.11 for the day, down -3.10% from the previous closing price of $13.53. In other words, the price has decreased by -$3.10 from its previous closing price. On the day, 12.48 million shares were traded. LYFT stock price reached its highest trading level at $13.6 during the session, while it also had its lowest trading level at $13.075.
Ratios:
Our analysis of LYFT’s different ratios will help us gain a deeper understanding of the company. 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:
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 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 5289675264 and an Enterprise Value of 4851158528. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 10.76. Its current Enterprise Value per Revenue stands at 1.037 whereas that against EBITDA is -65.114.
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 -13.87%, while the 200-Day Moving Average is calculated to be -8.02%.
Shares Statistics:
LYFT traded an average of 13.52M shares per day over the past three months and 13596020 shares per day over the past ten days. A total of 391.24M shares are outstanding, with a floating share count of 344.49M. Insiders hold about 14.62% of the company’s shares, while institutions hold 79.94% stake in the company. Shares short for LYFT as of 1719532800 were 48304167 with a Short Ratio of 3.57, compared to 1717113600 on 46531202. Therefore, it implies a Short% of Shares Outstanding of 48304167 and a Short% of Float of 14.45.
