In recent trading session today, 4.19 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 $12.25, and it changed around -$0.26 or -2.08% from the last close, which brings the market valuation of the company to $5.02B. LYFT at last check was trading at a discount to its 52-week high of $20.82, offering almost -69.96% off that amount. The share price’s 52-week low was $8.85, which indicates that the recent value has risen by an impressive 27.76% since then. We note from Lyft Inc’s average daily trading volume that its 10-day average is 9.13 million shares, with the 3-month average coming to 13.96 million.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.46. 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.
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Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT has been showing red trend so far today with a performance of -2.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.86 on recent trading dayincreased the stock’s daily price by 4.74%. The company’s shares are currently down -18.28% year-to-date, but still down -1.92% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is 13.43% up in the 30-day period. We can see from the shorts that 48.35 million shares have been sold at a short interest cover period of 3.95 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 38.75% 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 compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -33.82 percent over the past six months and at a 16.92% annual growth rate that is well above the industry average of 4.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.39%.
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 9.09% of Lyft Inc shares, and 81.13% of them are in the hands of institutional investors. The stock currently has a share float of 89.24%. Lyft Inc stock is held by 566.0 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.
