In the latest trading session,, 4.67 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.04. With the company’s most recent per share price at $11.41 changed hands at -$0.19 or -1.59% at last look, the market valuation stands at $4.61B. LYFT’s current price is a discount, trading about -82.47% off its 52-week high of $20.82. The share price had its 52-week low at $8.85, which suggests the last value was 22.44% up since then. When we look at Lyft Inc’s average trading volume, we note the 10-day average is 23.94 million shares, with the 3-month average coming to 15.42 million.
Analysts gave the Lyft Inc (LYFT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.39. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended LYFT as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Lyft Inc’s EPS for the current quarter is expected to be 0.19.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT was in red as seen in intraday trades today. With action 13.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -23.85%, with the 5-day performance at 13.47% in the green. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is -8.53% down. Looking at the short shares, we see there were 47.61 million shares sold at short interest cover period of 3.6 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21, meaning bulls need an upside of 45.67% from its recent market value. According to analyst projections, LYFT’s forecast low is 10 with 82 as the target high. To hit the forecast high, the stock’s price needs a -618.67% plunge from its current level, while the stock would need to tank 12.36% for it to hit the projected low.
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 -31.77% over the past 6 months, a 12.31% in annual growth rate that is considerably lower than the industry average of 19.70%. Year-over-year growth is forecast to reach 27.40% up from the last financial year.
Consensus estimates given by 31 financial analysts project the company’s revenue in the current quarter to hit an average of 1.44B. 31 analysts are of the opinion that Lyft Inc’s revenue for the current quarter will be 1.48B. The company’s revenue for the corresponding quarters a year ago was 1.14B and 1.22B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 26.10%. The estimates for the next quarter sales put growth at 20.60%.
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 increase by 12.65%, but the outlook for the next 5-year period is at 18.00% per year.
LYFT Dividends
Lyft Inc is expected to release its next quarterly earnings report on 2024-Nov-06.
Lyft Inc (NASDAQ:LYFT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.95% of Lyft Inc shares while 80.10% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.97%. There are 80.10% institutions holding the Lyft Inc stock share, with FMR LLC the top institutional holder. As of 2024-03-31, the company held 14.6503% of the shares, roughly 58.57 million LYFT shares worth $1.13 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.2288% or 32.9 million shares worth $636.6 million as of 2024-03-31.
Among Mutual Funds, the top two as of Jun 30, 2024 were Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund . With 21.73 shares estimated at $248.52 million under it, the former controlled 5.41% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.63% of the shares, roughly 10.56 shares worth around $120.78 million.
