Lyft Inc (NASDAQ:LYFT) has a beta value of 2.09 and has seen 0.85 million shares traded in the recent trading session. The company, currently valued at $7.26B, closed the recent trade at $17.51 per share which meant it lost -$0.1 on the day or -0.57% during that session. The LYFT stock price is -18.9% off its 52-week high price of $20.82 and 49.0% above the 52-week low of $8.93. If we look at the company’s 10-day average daily trading volume, we find that it stood at 14.59 million shares traded. The 3-month trading volume is 13.50 million shares.
The consensus among analysts is that Lyft Inc (LYFT) is Hold stock at the moment, with a recommendation rating of 2.39. 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. The expected earnings per share for the stock is -0.01.
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Lyft Inc (NASDAQ:LYFT) trade information
Sporting -0.57% in the red today, 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 $17.51 or saw a rise of 2.72%. Year-to-date, Lyft Inc shares have moved 16.81%, while the 5-day performance has seen it change 4.41%. Over the past 30 days, the shares of Lyft Inc (NASDAQ:LYFT) have changed 25.88%. Short interest in the company has seen 50.47 million shares shorted with days to cover at 3.12.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could jump 12.45% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $76.0. In that case, then, we find that the latest price level in today’s session is -334.04% off the targeted high while a plunge would see the stock lose 42.89% from the levels at last check today.
Lyft Inc (LYFT) estimates and forecasts
Figures show that Lyft Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 11.10% over the past 6 months, with this year growth rate of 41.54%, compared to 10.30% for the industry. Revenue growth from the last financial year stood is estimated to be 31.60%.
33 analysts offering their estimates for the company have set an average revenue estimate of 1.56B for the current quarter. 21 have an estimated revenue figure of 1.5B for the next ending quarter. Year-ago sales stood 1.22B and 1.28B respectively for this quarter and the next, and analysts expect sales will grow by 27.01% for the current quarter and 31.60% for the next.
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. Earnings growth for 2024 is a modest 28.93% while over the next 5 years, the company’s earnings are expected to increase by 20.45%.
LYFT Dividends
Lyft Inc is expected to release its next earnings report in December 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 8.98% of the company shares, while shares held by institutions stand at 79.61% with a share float percentage of 87.46%. Investors are also buoyed by the number of investors in a company, with Lyft Inc having a total of 560.0 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 Sep 30, 2024, the former fund manager holds about 4.83% shares in the company for having 19.63 shares of worth $341.03 million while later fund manager owns 10.46 shares of worth $181.65 million as of Jun 30, 2024, which makes it owner of about 2.57% of company’s outstanding stock.
