Lyft Inc (NASDAQ:LYFT)’s traded shares stood at 5.81 million during the latest session, with the company’s beta value hitting 2.04. At the last check today, the stock’s price was $11.66, to imply an increase of 1.70% or $0.19 in intraday trading. The LYFT share’s 52-week high remains $20.82, putting it -78.56% down since that peak but still an impressive 24.1% since price per share fell to its 52-week low of $8.85. The company has a valuation of $4.71B, with an average of 14.55 million shares in intraday trading volume over the past 10 days and average of 15.36 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Lyft Inc (LYFT), translating to a mean rating of 2.34. Of 24 analyst(s) looking at the stock, 0 analyst(s) give LYFT a Sell rating. 0 of those analysts rate the stock as Overweight while 13 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.19.
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Lyft Inc (NASDAQ:LYFT) trade information
After registering a 1.70% upside in the latest session, Lyft Inc (LYFT) has traded red over the past five days. The 5-day price performance for the stock is 4.15%, and -4.46% over 30 days. With these gigs, the year-to-date price performance is -22.18%. Short interest in Lyft Inc (NASDAQ:LYFT) saw shorts transact 47.61 million shares and set a 3.6 days time to cover.
The extremes give us $10 and $82 for target low and target high price respectively. As such, LYFT has been trading -603.26% off suggested target high and 14.24% from its likely low.
Lyft Inc (LYFT) estimates and forecasts
Looking at statistics comparing Lyft Inc share performance against respective industry, we note that the company has underperformed competitors. Lyft Inc (LYFT) shares are -27.14% down over the last 6 months, with its year-to-date growth rate lower than industry average at 12.31% against 20.70%. Revenue is forecast to shrink -20.80% this quarter before falling -11.10% for the next one. The rating firms project that company’s revenue will grow 27.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 31 analysts is 1.44B. Meanwhile, for the current quarter, a total of 31 analyst(s) estimate revenue growth to 1.48B.Earnings reports from the last fiscal year show that sales brought in 1.14B and 1.22B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.10% before jumping 20.60% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 22.39% for the past 5-year period. While 2024 is set for a 12.24% return in earnings, projections for the next 5 years are at 18.00% annually.
LYFT Dividends
Lyft Inc has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Lyft Inc insiders hold 8.95% of total outstanding shares, with institutional holders owning 80.10% of the shares at 87.97% float percentage. In total, 80.10% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 59.08 million shares (or 14.7118% of shares), all amounting to roughly $832.97 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 34.03 million shares, or about 8.4753% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $479.86 million.
