Lyft Inc (NASDAQ: LYFT): Is It Possible To Be Up 13.94% YTD And Still Lose Money

During the last session, Lyft Inc (NASDAQ:LYFT)’s traded shares were 11.06 million, with the beta value of the company hitting 2.12. At the end of the trading day, the stock’s price was $17.08, reflecting an intraday gain of 0.23% or $0.04. The 52-week high for the LYFT share is $20.82, that puts it down -21.9 from that peak though still a striking 54.04% gain since the share price plummeted to a 52-week low of $7.85. The company’s market capitalization is $6.89B, and the average trade volume was 16.53 million shares over the past three months.

Lyft Inc (NASDAQ:LYFT) trade information

Lyft Inc (LYFT) registered a 0.23% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.23% in intraday trading to $17.08, hitting a weekly high. The stock’s 5-day price performance is -3.94%, and it has moved by -6.51% in 30 days. Based on these gigs, the overall price performance for the year is 100.00%.

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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 74.82% during the last six months, with a year-to-date growth rate less than the industry average at 6.15% against 21.80.

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 6.26% in 2024, the next five years will return 17.00% per annum.

LYFT Dividends

Lyft Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.