Lyft Inc (NASDAQ:LYFT)’s traded shares stood at 2.05 million during the latest session, with the company’s beta value hitting 2.12. At the last check today, the stock’s price was $13.30, to imply a decrease of -3.45% or -$0.47 in intraday trading. The LYFT share’s 52-week high remains $20.82, putting it -56.54% down since that peak but still an impressive 32.86% since price per share fell to its 52-week low of $8.93. The company has a valuation of $5.51B, with an average of 12.77 million shares in intraday trading volume over the past 10 days and average of 14.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Lyft Inc (LYFT), translating to a mean rating of 2.40. Of 24 analyst(s) looking at the stock, 0 analyst(s) give LYFT a Sell rating. 0 of those analysts rate the stock as Overweight while 13 advise Hold as 11 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
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Lyft Inc (NASDAQ:LYFT) trade information
After registering a -3.45% downside in the latest session, Lyft Inc (LYFT) has traded red over the past five days. The 5-day price performance for the stock is -2.10%, and -24.50% over 30 days. With these gigs, the year-to-date price performance is -11.31%. Short interest in Lyft Inc (NASDAQ:LYFT) saw shorts transact 39.46 million shares and set a 2.2 days time to cover.
The extremes give us $10 and $26 for target low and target high price respectively. As such, LYFT has been trading -95.49% off suggested target high and 24.81% from its likely low.
Lyft Inc (LYFT) estimates and forecasts
Looking at statistics comparing Lyft Inc share performance against respective industry, we note that the company has outperformed competitors. Lyft Inc (LYFT) shares are -5.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 41.54% against 20.00%. The rating firms project that company’s revenue will grow 31.37% compared to the previous financial year.
Revenue forecast for the current quarter as set by 34 analysts is 1.55B. Meanwhile, for the current quarter, a total of 21 analyst(s) estimate revenue growth to 1.5B.Earnings reports from the last fiscal year show that sales brought in 1.22B and 1.28B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.41% before jumping 17.56% in the following quarter.
LYFT Dividends
Lyft Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Lyft Inc insiders hold 8.97% of total outstanding shares, with institutional holders owning 79.62% of the shares at 87.46% float percentage. In total, 79.62% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 59.08 million shares (or 14.7118% of shares), all amounting to roughly $832.97 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 34.03 million shares, or about 8.4753% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $479.86 million.
