During the recent session, Lyft Inc (NASDAQ:LYFT)’s traded shares were 1.4 million, with the beta value of the company hitting 2.16. At the last check today, the stock’s price was $13.92, reflecting an intraday gain of 2.39% or $0.32. The 52-week high for the LYFT share is $20.82, that puts it down -49.57 from that peak though still a striking 35.85% gain since the share price plummeted to a 52-week low of $8.93. The company’s market capitalization is $5.78B, and the average intraday trading volume over the past 10 days was 13.85 million shares, and the average trade volume was 15.41 million shares over the past three months.
Lyft Inc (LYFT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.36. LYFT has a Sell rating from 0 analyst(s) out of 24 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
Lyft Inc (NASDAQ:LYFT) trade information
Lyft Inc (LYFT) registered a 2.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.39% in intraday trading to $13.92, hitting a weekly high. The stock’s 5-day price performance is 2.39%, and it has moved by 2.61% in 30 days. Based on these gigs, the overall price performance for the year is 9.56%. The short interest in Lyft Inc (NASDAQ:LYFT) is 48.76 million shares and it means that shorts have 3.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $16.5, which implies an increase of 15.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $26 respectively. As a result, LYFT is trading at a discount of -86.78% off the target high and 28.16% off the low.
Lyft Inc (LYFT) estimates and forecasts
Statistics show that Lyft Inc has outperformed its competitors in share price, compared to the industry in which it operates. Lyft Inc (LYFT) shares have gone up 12.48% during the last six months, with a year-to-date growth rate more than the industry average at 38.46% against 20.90. In the rating firms’ projections, revenue will increase 31.38% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.54B as predicted by 35 analyst(s). Meanwhile, a consensus of 25 analyst(s) estimates revenue growth to 1.5B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.22B and 1.28B respectively. In this case, analysts expect current quarter sales to grow by 25.80% and then jump by 17.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.39%. While earnings are projected to return 23.96% in 2025.
LYFT Dividends
Lyft Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Lyft Inc (NASDAQ:LYFT)’s Major holders
Lyft Inc insiders own 3.94% of total outstanding shares while institutional holders control 80.28%, with the float percentage being 83.57%. FMR LLC is the largest shareholder of the company, while 557.0 institutions own stock in it. As of 2024-06-30, the company held over 59.08 million shares (or 14.7118% of all shares), a total value of $832.97 million in shares.
The next largest institutional holding, with 34.03 million shares, is of VANGUARD GROUP INC’s that is approximately 8.4753% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $479.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Lyft Inc (LYFT) shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Nov 30, 2024 indicates that Fidelity Blue Chip Growth Fund owns about 16.01 shares. This amounts to just over 3.94 percent of the company’s overall shares, with a $222.56 million market value. The same data shows that the other fund manager holds slightly less at 11.0, or about 2.71% of the stock, which is worth about $152.96 million.
