Is Lyft Inc (NASDAQ: LYFT) Stock An Instant Disaster Or An Incredible Opportunity?

In the last trading session, 8.78 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.02. With the company’s per share price at $17.98 changed hands at -$0.78 or -4.16% during last session, the market valuation stood at $7.19B. LYFT’s last price was a discount, traded about -15.8% off its 52-week high of $20.82. The share price had its 52-week low at $7.85, which suggests the last value was 56.34% up since then. When we look at Lyft Inc’s average trading volume, we note the 3-month average coming to 17.77 million.

Lyft Inc (NASDAQ:LYFT) trade information

Instantly LYFT was in red as seen at the end of in last trading. With action 0.84%, the performance over the past five days has been green. The drop to weekly highs of 19.55 subtracted -4.16% to the stock’s daily price. The company’s shares are showing year-to-date upside of 19.95%, with the 5-day performance at 0.84% in the green. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is 0.95% up.

Lyft Inc (LYFT) estimates and forecasts

Data shows that the Lyft Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 68.67% over the past 6 months, a -6.15% in annual growth rate that is considerably lower than the industry average of 15.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.39%. The 2024 estimates are for Lyft Inc earnings to decrease by -7.54%, but the outlook for the next 5-year period is at 11.20% per year.

LYFT Dividends

Lyft Inc is expected to release its next quarterly earnings report in May.