Lyft, Inc. (NASDAQ:LYFT) has seen 1,602,726 shares traded in the recent trading session. The company, currently valued at $10.07 Billion, closed the recent trade at $33.03 per share which meant it lost -$0.2 on the day or -0.7% during that session. The LYFT stock price is -106.87% off its 52-week high price of $68.33 and 55.92% above the 52-week low of $14.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.3 Million shares traded. The 3-month trading volume is 9.65 Million shares.
Lyft, Inc. (NASDAQ:LYFT) trade information
Despite being -0.42% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Jun 24 when the LYFT stock price touched $35.33- or saw a rise of 7.94%. Year-to-date, Lyft, Inc. shares have moved -24.38%, while the 5-day performance has seen it change -8.62%. Over the past 30 days, the shares of Lyft, Inc. (NASDAQ:LYFT) have changed 4.06%. Short interest in the company has seen 17.68 Million shares shorted with days to cover at 1.83.
Lyft, Inc. (LYFT) estimates and forecasts
Figures show that Lyft, Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -27.88% over the past 6 months, with this year growth rate of 68.29%, compared to -1.7% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 57.8% and 65.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be -22.7%.
30 analysts offering their estimates for the company have set an average revenue estimate of $378.44 Million for the current quarter. 30 have an estimated revenue figure of $645.78 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $867.26 Million for this quarter, and analysts expect sales will grow by -56.4% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -258.8% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Lyft, Inc. (NASDAQ:LYFT)’s Major holders
Insiders own 26.55% of the company shares, while shares held by institutions stand at 61.26% with a share float percentage of 83.41%. Investors are also buoyed by the number of investors in a company, with Lyft, Inc. having a total of 476 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 44.66 Million shares worth more than $1.2 Billion. As of March 30, 2020, FMR, LLC held 14.99% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 18.13 Million shares as of March 30, 2020. The firm’s total holdings are worth over $486.82 Million and represent 6.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 5.36% shares in the company for having 15964298 shares of worth $428.64 Million while later fund manager owns 5.89 Million shares of worth $158.19 Million as of March 30, 2020, which makes it owner of about 1.98% of company’s outstanding stock.