During the last session, Lyft Inc (NASDAQ:LYFT)’s traded shares were 10.59 million, with the beta value of the company hitting 2.04. At the end of the trading day, the stock’s price was $16.07, reflecting an intraday loss of -1.65% or -$0.27. The 52-week high for the LYFT share is $20.82, that puts it down -29.56 from that peak though still a striking 51.15% gain since the share price plummeted to a 52-week low of $7.85. The company’s market capitalization is $6.42B, and the average trade volume was 18.00 million shares over the past three months.
Lyft Inc (NASDAQ:LYFT) trade information
Lyft Inc (LYFT) registered a -1.65% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.65% in intraday trading to $16.07, hitting a weekly high. The stock’s 5-day price performance is -3.83%, and it has moved by -18.14% in 30 days. Based on these gigs, the overall price performance for the year is 61.35%.
Lyft Inc (LYFT) estimates and forecasts
Statistics show that Lyft Inc has underperformed its competitors in share price, compared to the industry in which it operates. Lyft Inc (LYFT) shares have gone up 55.57% during the last six months, with a year-to-date growth rate less than the industry average at -6.15% against 15.30. In the rating firms’ projections, revenue will increase 16.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.16B as predicted by 30 analyst(s). Meanwhile, a consensus of 29 analyst(s) estimates revenue growth to 1.27B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 981.42M and 1.02B respectively. In this case, analysts expect current quarter sales to grow by 17.90% and then jump by 24.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.39%. While earnings are projected to return -7.54% in 2024, the next five years will return 11.20% per annum.
LYFT Dividends
Lyft Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
