In recent trading session, Lyft Inc (NASDAQ:LYFT) saw 5.97 million shares changing hands at last check today with its beta currently measuring 2.06. Company’s recent per share price level of $10.70 trading at $0.62 or 6.20% at last check today assigns it a market valuation of $4.32B. That most recent trading price of LYFT’s stock is at a discount of -94.58% from its 52-week high price of $20.82 and is indicating a premium of 17.29% from its 52-week low price of $8.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 23.51 million shares which gives us an average trading volume of 15.08 million if we extend that period to 3-months.
For Lyft Inc (LYFT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 24 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 11 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.19 in the current quarter.
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Lyft Inc (NASDAQ:LYFT) trade information
Upright in the green today for gaining 6.20%, in the last five days LYFT remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $10.70 price level, subtracting -0.09% to its value on the day. Lyft Inc’s shares saw a change of -28.59% in year-to-date performance and have moved 6.31% in past 5-day. Lyft Inc (NASDAQ:LYFT) showed a performance of -15.91% in past 30-days. Number of shares sold short was 47.61 million shares which calculate 3.6 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 21 to the stock, which implies a rise of 49.05% to its recent value today. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 82. It follows that stock’s current price would jump 6.54% in reaching the projected high whereas dropping to the targeted low would mean a gain of 6.54% for stock’s current value.
Lyft Inc (LYFT) estimates and forecasts
Statistics highlight that Lyft Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -34.69% of value to its shares in past 6 months, showing an annual growth rate of 10.77% while that of industry is 18.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.50% from the last financial year’s standing.
31 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.44B for the same. And 31 analysts are in estimates of company making revenue of 1.48B in the next quarter. Company posted 1.14B and 1.22B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.39% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 8.50% while estimates for its earnings growth in next 5 years are of 17.00%.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Insiders are in possession of 8.94% of company’s total shares while institution are holding 82.31 percent of that, with stock having share float percentage of 90.38%. Investors also watch the number of corporate investors in a company very closely, which is 82.31% institutions for Lyft Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at LYFT for having 58.57 million shares of worth $1.13 billion. And as of 2024-03-31, it was holding 14.6503 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 32.9 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.2288 of outstanding shares, having a total worth of $636.6 million.
On the other hand, Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 21.73 shares of worth $231.3 million or 5.41% of the total outstanding shares. The later fund manager was in possession of 10.56 shares on Mar 31, 2024, making its stake of worth around $112.41 million in the company or a holder of 2.63% of company’s stock.
