Lyft Inc (NASDAQ:LYFT) has a beta value of 2.05 and has seen 15.46 million shares traded in the last trading session. The company, currently valued at $5.44B, closed the last trade at $13.26 per share which meant it lost -$0.34 on the day or -2.50% during that session. The LYFT stock price is -57.01% off its 52-week high price of $20.82 and 33.26% above the 52-week low of $8.85. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.78 million shares traded. The 3-month trading volume is 13.97 million shares.
The consensus among analysts is that Lyft Inc (LYFT) is Hold stock at the moment, with a recommendation rating of 2.42. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 24 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight.
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Lyft Inc (NASDAQ:LYFT) trade information
Sporting -2.50% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LYFT stock price touched $13.26 or saw a rise of 4.05%. Year-to-date, Lyft Inc shares have moved -11.54%, while the 5-day performance has seen it change 6.00%. Over the past 30 days, the shares of Lyft Inc (NASDAQ:LYFT) have changed 16.83%. Short interest in the company has seen 50.37 million shares shorted with days to cover at 4.31.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 33.7% from current levels. The projected low price target is $10.0 while the price target rests at a high of $82.0. In that case, then, we find that the current price level is -518.4% off the targeted high while a plunge would see the stock lose 24.59% from current levels.
Lyft Inc (LYFT) estimates and forecasts
Figures show that Lyft Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -26.25% over the past 6 months, with this year growth rate of 16.92%, compared to 4.80% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.39% over the past 5 years.
LYFT Dividends
Lyft Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Insiders own 9.09% of the company shares, while shares held by institutions stand at 79.98% with a share float percentage of 87.98%. Investors are also buoyed by the number of investors in a company, with Lyft Inc having a total of 563.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 59.08 million shares worth more than $832.97 million. As of 2024-06-30, FMR LLC held 14.7118% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 34.03 million shares as of 2024-06-30. The firm’s total holdings are worth over $479.86 million and represent 8.4753% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund . As of Aug 31, 2024 , the former fund manager holds about 4.89% shares in the company for having 19.63 shares of worth $260.34 million while later fund manager owns 10.46 shares of worth $138.67 million as of Jun 30, 2024 , which makes it owner of about 2.60% of company’s outstanding stock.
