In recent trading session, Lyft Inc (NASDAQ:LYFT) saw 7.71 million shares changing hands at last check today with its beta currently measuring 1.97. Company’s recent per share price level of $20.18 trading at $0.98 or 5.12% at last check today assigns it a market valuation of $8.07B. That most recent trading price of LYFT’s stock is at a premium of 3.77% from its 52-week high price of $19.42 and is indicating a premium of 61.1% from its 52-week low price of $7.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 13.41 million shares which gives us an average trading volume of 17.62 million if we extend that period to 3-months.
Lyft Inc (NASDAQ:LYFT) trade information
Upright in the green today for gaining 5.12%, in the last five days LYFT remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $20.18 price level, adding 1.08% to its value on the day. Lyft Inc’s shares saw a change of 34.64% in year-to-date performance and have moved 13.33% in past 5-day. Lyft Inc (NASDAQ:LYFT) showed a performance of 25.13% in past 30-days. Number of shares sold short was 54.07 million shares which calculate 2.09 days to cover the short interests.
Lyft Inc (LYFT) estimates and forecasts
Statistics highlight that Lyft Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 88.98% of value to its shares in past 6 months, showing an annual growth rate of -6.15% while that of industry is 22.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -71.40% in the current quarter and calculating -18.80% decrease in the next quarter. This year revenue growth is estimated to rise 16.30% from the last financial year’s standing.
29 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.15 billion for the same. And 28 analysts are in estimates of company making revenue of $1.26 billion in the next quarter that will end on Jun 2024. Company posted $981.42 million and $1.02 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 17.50% while estimating it to be 23.50% 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 22.39% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -6.12% while estimates for its earnings growth in next 5 years are of 11.20%.
LYFT Dividends
Lyft Inc is more likely to be releasing its next quarterly report between May 02 and May 06 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 9.45% of company’s total shares while institution are holding 77.50 percent of that, with stock having share float percentage of 85.59%. Investors also watch the number of corporate investors in a company very closely, which is 77.50% institutions for Lyft Inc that are currently holding shares of the company. FMR, LLC is the top institutional holder at LYFT for having 57.55 million shares of worth $1.17 billion. And as of Dec 30, 2023, it was holding 14.71% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 32.12 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.21% of outstanding shares, having a total worth of $650.68 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 Jan 30, 2024, the former fund manager was holding 21.73 million shares of worth $440.35 million or 5.56% of the total outstanding shares. The later fund manager was in possession of 10.36 million shares on Dec 30, 2023, making its stake of worth around $209.86 million in the company or a holder of 2.65% of company’s stock.
