In today’s recent session, 2.62 million shares of the Lyft Inc (NASDAQ:LYFT) have been traded, and its beta is 2.04. Most recently the company’s share price was $11.70, and it changed around $0.02 or 0.21% from the last close, which brings the market valuation of the company to $4.72B. LYFT at last check was trading at a discount to its 52-week high of $20.82, offering almost -77.95% off that amount. The share price’s 52-week low was $8.85, which indicates that the recent value has risen by an impressive 24.36% since then. We note from Lyft Inc’s average daily trading volume that its 10-day average is 14.07 million shares, with the 3-month average coming to 15.39 million.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.34. If we narrow it down even further, the data shows that 1 out of 44 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 29 recommended LYFT as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.
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 has been showing a green trend so far today with a performance of 0.21% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.95 on recent trading dayincreased the stock’s daily price by 2.09%. The company’s shares are currently down -21.91% year-to-date, but still up 0.91% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is -4.29% down in the 30-day period. We can see from the shorts that 47.61 million shares have been sold at a short interest cover period of 3.6 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 41.5% from its current value. Analyst projections state that LYFT is forecast to be at a low of $10 and a high of $82.
Lyft Inc (LYFT) estimates and forecasts
Lyft Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -26.61 percent over the past six months and at a 12.31% annual growth rate that is well below the industry average of 20.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.39%. Lyft Inc earnings are expected to increase by 12.24% in 2024, but the outlook is positive 18.00% per year for the next five years.
LYFT Dividends
Lyft Inc’s next quarterly earnings report is expected to be released on 2024-Nov-06.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.90% of Lyft Inc shares, and 80.10% of them are in the hands of institutional investors. The stock currently has a share float of 87.93%. Lyft Inc stock is held by 564.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.7118% of the shares, which is about 59.08 million shares worth $832.97 million.
VANGUARD GROUP INC, with 8.4753% or 34.03 million shares worth $479.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 21.73 shares worth $257.67 million, making up 5.41% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.56 shares worth around $125.22 million, which represents about 2.63% of the total shares outstanding.
