How Lyft Inc (NASDAQ: LYFT) Could Be A Loss Maker Since It Is Down -5.62% YTD?

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, Lyft Inc (NASDAQ:LYFT)’s traded shares were 4.89 million, with the beta value of the company hitting 2.05. , the stock’s price was $14.15, reflecting an intraday gain of 5.65% or $0.76. The 52-week high for the LYFT share is $20.82, that puts it down -47.14 from that peak though still a striking 37.46% gain since the share price plummeted to a 52-week low of $8.85. The company’s market capitalization is $5.71B, and the average trade volume was 13.32 million shares over the past three months.

Lyft Inc (NASDAQ:LYFT) trade information

Lyft Inc (LYFT) registered a 5.65% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.65% in intraday trading to $14.15, hitting a weekly high. The stock’s 5-day price performance is 5.18%, and it has moved by -11.14% in 30 days. Based on these gigs, the overall price performance for the year is 35.38%.

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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 down -7.05% during the last six months, with a year-to-date growth rate less than the industry average at 10.77% against 21.30.

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 -15.42% 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 July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.