In last trading session, Lyft Inc. (NASDAQ:LYFT) saw 17.97 million shares changing hands with its beta currently measuring 1.70. Company’s recent per share price level of $14.69 trading at -$1.25 or -7.84% at ring of the bell on the day assigns it a market valuation of $5.41B. That closing price of LYFT’s stock is at a discount of -292.65% from its 52-week high price of $57.68 and is indicating a premium of 18.58% from its 52-week low price of $11.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 15.6 million shares which gives us an average trading volume of 13.98 million if we extend that period to 3-months.
For Lyft Inc. (LYFT), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 39 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 15 suggested the stock as a Hold whereas 22 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.08 in the current quarter.
Lyft Inc. (NASDAQ:LYFT) trade information
Upright in the red during last session for losing -7.84%, in the last five days LYFT remained trading in the red while hitting it’s week-highest on Tuesday, 09/20/22 when the stock touched $14.69 price level, adding 15.77% to its value on the day. Lyft Inc.’s shares saw a change of -65.62% in year-to-date performance and have moved -13.54% in past 5-day. Lyft Inc. (NASDAQ:LYFT) showed a performance of -4.30% in past 30-days. Number of shares sold short was 37.19 million shares which calculate 2.46 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $30.24 to the stock, which implies a rise of 51.42% to its current value. Analysts have been projecting $14.00 as a low price target for the stock while placing it at a high target of $57.00. It follows that stock’s current price would drop -288.02% in reaching the projected high whereas dropping to the targeted low would mean a gain of 4.7% for stock’s current value.
Lyft Inc. (LYFT) estimates and forecasts
Statistics highlight that Lyft Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -61.77% of value to its shares in past 6 months, showing an annual growth rate of 272.00% while that of industry is -5.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 60.00% in the current quarter and calculating 55.60% increase in the next quarter. This year revenue growth is estimated to rise 27.80% from the last financial year’s standing.
32 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.06 billion for the same. And 32 analysts are in estimates of company making revenue of $1.17 billion in the next quarter that will end on Dec 2022. Company posted $862.68 million and $969.9 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 22.80% while estimating it to be 21.00% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -5.80% during past 5 years.
Lyft Inc. is more likely to be releasing its next quarterly report between October 31 and November 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Lyft Inc. (NASDAQ:LYFT)’s Major holders
Insiders are in possession of 10.16% of company’s total shares while institution are holding 79.42 percent of that, with stock having share float percentage of 88.40%. Investors also watch the number of corporate investors in a company very closely, which is 79.42% institutions for Lyft Inc. that are currently holding shares of the company. FMR, LLC is the top institutional holder at LYFT for having 40.65 million shares of worth $597.12 million. And as of Jun 29, 2022, it was holding 11.81% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 25.98 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.55% of outstanding shares, having a total worth of $381.59 million.
On the other hand, Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 17.57 million shares of worth $258.14 million or 5.11% of the total outstanding shares. The later fund manager was in possession of 8.49 million shares on Jun 29, 2022, making its stake of worth around $124.67 million in the company or a holder of 2.47% of company’s stock.