In the last trading session, 12.88 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.12. With the company’s per share price at $17.52 changed hands at $0.32 or 1.86% during last session, the market valuation stood at $7.06B. LYFT’s last price was a discount, traded about -18.84% 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 55.19% up since then. When we look at Lyft Inc’s average trading volume, we note the 3-month average coming to 18.39 million.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT was in green as seen at the end of in last trading. With action 7.48%, the performance over the past five days has been green. The jump to weekly highs of 17.73 added 1.86% to the stock’s daily price. The company’s shares are showing year-to-date upside of 16.88%, with the 5-day performance at 7.48% in the green. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is -1.79% down.
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 76.26% over the past 6 months, a -6.15% in annual growth rate that is considerably lower than the industry average of 19.00%. Year-over-year growth is forecast to reach 16.80% up from the last financial year.
Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of 1.16B. 29 analysts are of the opinion that Lyft Inc’s revenue for the current quarter will be 1.27B. The company’s revenue for the corresponding quarters a year ago was 981.42M and 1.02B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.30%. The estimates for the next quarter sales put growth at 24.30%.
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 -15.93%, but the outlook for the next 5-year period is at 11.20% per year.
