In the last trading session, 17.6 million shares of the Lyft Inc (NASDAQ:LYFT) were traded, and its beta was 2.05. Most recently the company’s share price was $13.41, and it changed around -$0.37 or -2.69% from the last close, which brings the market valuation of the company to $5.50B. LYFT currently trades at a discount to its 52-week high of $20.82, offering almost -55.26% off that amount. The share price’s 52-week low was $8.85, which indicates that the current value has risen by an impressive 34.0% since then. We note from Lyft Inc’s average daily trading volume that its 10-day average is 10.73 million shares, with the 3-month average coming to 13.50 million.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.43. If we narrow it down even further, the data shows that 1 out of 46 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 30 recommended LYFT as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Lyft Inc is expected to report earnings per share of 0.2 for the current quarter.
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Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT has showed a red trend with a performance of -2.69% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 14.18 on recent trading dayincreased the stock’s daily price by 5.43%. The company’s shares are currently down -10.54% year-to-date, but still down -4.15% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is 0.98% up in the 30-day period. We can see from the shorts that 47.44 million shares have been sold at a short interest cover period of 4.05 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 32.95% 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 -18.08 percent over the past six months and at a 21.54% annual growth rate that is well above the industry average of 5.40%. The year-over-year growth rate is expected to be 27.30%, up from the previous year.
Consensus estimates provided by 36 financial analysts predict the company will bring in an average of 1.44B in revenue for the current quarter. 36 analysts expect Lyft Inc to make 1.47B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.14B and 1.22B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 26.10%. Forecasts for the next quarter put sales growth at 20.30%.
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 in November.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.09% of Lyft Inc shares, and 82.83% of them are in the hands of institutional investors. The stock currently has a share float of 91.11%. 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.
