In the latest trading session, 1.17 million Lyft Inc (NASDAQ:LYFT) shares changed hands as the company’s beta touched 2.17. With the company’s most recent per share price at $12.53 changed hands at -$0.19 or -1.49% at last look, the market valuation stands at $5.24B. LYFT’s current price is a discount, trading about -66.16% off its 52-week high of $20.82. The share price had its 52-week low at $8.93, which suggests the last value was 28.73% up since then.
Analysts gave the Lyft Inc (LYFT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.35. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended LYFT as a Hold, 11 felt it is a Buy and 0 rated the stock as Underweight. Lyft Inc’s EPS for the current quarter is expected to be -0.02.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT was in red as seen in intraday trades today. With action -10.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -2.86%, with the 5-day performance at -10.56% in the red. However, in the 30-day time frame, Lyft Inc (NASDAQ:LYFT) is -9.20% down.
The consensus price target for the stock as assigned by Wall Street analysts is 17.5, meaning bulls need an upside of 28.4% from its recent market value. According to analyst projections, LYFT’s forecast low is 13 with 26 as the target high. To hit the forecast high, the stock’s price needs a -107.5% plunge from its current level, while the stock would need to soar -3.75% for it to hit the projected low.
Lyft Inc (LYFT) estimates and forecasts
Year-over-year growth is forecast to reach 12.97% up from the last financial year.
Consensus estimates given by 31 financial analysts project the company’s revenue in the current quarter to hit an average of 1.47B. 31 analysts are of the opinion that Lyft Inc’s revenue for the current quarter will be 1.63B. The company’s revenue for the corresponding quarters a year ago was 1.28B and 1.44B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.07%. The estimates for the next quarter sales put growth at 13.31%.
The 2025 estimates are for Lyft Inc earnings to increase by 3.67%, but the outlook for the next 5-year period is at 19.46% per year.
Lyft Inc (NASDAQ:LYFT)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.4753% or 34.03 million shares worth $479.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund. With 11.0 shares estimated at $136.79 million under it, the former controlled 2.69% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 2.53% of the shares, roughly 10.38 shares worth around $128.99 million.
