Lyft Inc (NASDAQ: LYFT) In 2024: Reward Or Shame To Investors?

In the last trading session, 12.08 million shares of the Lyft Inc (NASDAQ:LYFT) were traded, and its beta was 2.04. Most recently the company’s share price was $16.73, and it changed around $0.58 or 3.59% from the last close, which brings the market valuation of the company to $6.69B. LYFT currently trades at a discount to its 52-week high of $20.82, offering almost -24.45% off that amount. The share price’s 52-week low was $7.85, which indicates that the current value has risen by an impressive 53.08% since then. We note from Lyft Inc’s average daily trading volume that its 3-month average coming to 17.73 million.

Lyft Inc (NASDAQ:LYFT) trade information

Instantly LYFT has showed a green trend with a performance of 3.59% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 11.61% year-to-date, but still down -6.95% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is -17.50% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $38.11, which translates to bulls needing to increase their stock price by 56.1% from its current value. Analyst projections state that LYFT is forecast to be at a low of $12 and a high of $82.

Lyft Inc (LYFT) estimates and forecasts

Lyft Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 65.81 percent over the past six months and at a -6.15% annual growth rate that is well below the industry average of 15.00%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.39%. Lyft Inc earnings are expected to increase by -7.54% in 2024, but the outlook is positive 11.20% per year for the next five years.