In today’s recent session, 3.33 million shares of the Lyft Inc (NASDAQ:LYFT) have been traded, and its beta is 2.15. Most recently the company’s share price was $12.24, and it changed around -$0.17 or -1.33% from the last close, which brings the market valuation of the company to $5.12B. LYFT at last check was trading at a discount to its 52-week high of $20.82, offering almost -70.1% off that amount. The share price’s 52-week low was $8.93, which indicates that the recent value has risen by an impressive 27.04% since then.
Lyft Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.35. If we narrow it down even further, the data shows that 0 out of 46 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 31 recommended LYFT as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Lyft Inc is expected to report earnings per share of -0.02 for the current quarter.
Lyft Inc (NASDAQ:LYFT) trade information
Instantly LYFT has been showing red trend so far today with a performance of -1.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 14.02 on recent trading dayincreased the stock’s daily price by 12.7%. The company’s shares are currently down -5.08% year-to-date, but still down -4.49% over the last five days. On the other hand, Lyft Inc (NASDAQ:LYFT) is -11.33% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 32.0% from its current value. Analyst projections state that LYFT is forecast to be at a low of $13 and a high of $26.
Lyft Inc (LYFT) estimates and forecasts
The year-over-year growth rate is expected to be 12.97%, up from the previous year.
Consensus estimates provided by 31 financial analysts predict the company will bring in an average of 1.47B in revenue for the current quarter. 31 analysts expect Lyft Inc to make 1.63B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.28B and 1.44B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.07%. Forecasts for the next quarter put sales growth at 13.31%.
Lyft Inc earnings are expected to increase by 3.67% in 2025, but the outlook is positive 19.46% per year for the next five years.
Lyft Inc (NASDAQ:LYFT)’s Major holders
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.
Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 11.0 shares worth $133.93 million, making up 2.69% of all outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held roughly 10.38 shares worth around $126.29 million, which represents about 2.53% of the total shares outstanding.
