Lyft Inc (NASDAQ: LYFT) is 14.94% higher on its value in year-to-date trading and has touched a low of $7.85 and a high of $19.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYFT stock was last observed hovering at around $17.81 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $17.23, the stock is 0.64% and 17.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.36 million and changing -3.26% at the moment leaves the stock 42.97% off its SMA200. LYFT registered 91.66% gain for a year compared to 6-month gain of 51.94%. The firm has a 50-day simple moving average (SMA 50) of $1.42 and a 200-day simple moving average (SMA200) of -$33.02.
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The stock witnessed a 5.13% loss in the last 1 month and extending the period to 3 months gives it a 17.45%, and is -5.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.65% over the week and 6.25% over the month.
Lyft Inc (LYFT) has around 2945 employees, a market worth around $6.89B and $4.40B in sales. Fwd P/E is 20.18. Profit margin for the company is -7.73%. Distance from 52-week low is 119.49% and -11.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.59%).
Lyft Inc quarterly earnings per share for the current quarter are estimated at $0.02 with sales reaching $1.15B over the same period.The EPS is expected to shrink by -6.12% this year, but quarterly earnings will post 16.50% year-over-year. Quarterly sales are estimated to grow 17.50% in year-over-year returns.
Lyft Inc (LYFT) Top Institutional Holders
517 institutions hold shares in Lyft Inc (LYFT), with institutional investors hold 85.58% of the company’s shares. The shares outstanding are 391.24M, and float is at 339.76M with Short Float at 15.92%. Institutions hold 77.49% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 55.31 million shares valued at $530.44 million. The investor’s holdings represent 14.65% of the LYFT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 30.32 million shares valued at $290.79 million to account for 8.03% of the shares outstanding. The other top investors are Blackrock Inc. which holds 16.08 million shares representing 4.26% and valued at over $154.17 million, while Ubs Asset Management Americas Inc holds 2.20% of the shares totaling 8.29 million with a market value of $79.54 million.
Lyft Inc (LYFT) Insider Activity
The most recent transaction is an insider sale by Sverchek Kristin,the company’sPRESIDENT. SEC filings show that Sverchek Kristin sold 3,500 shares of the company’s common stock on Mar 04 ’24 at a price of $17.51 per share for a total of $61291.0. Following the sale, the insider now owns 96978.0 shares.
Lyft Inc disclosed in a document filed with the SEC on Mar 01 ’24 that Sverchek Kristin (PRESIDENT) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $16.30 per share for $0.11 million. Following the transaction, the insider now directly holds 0.1 million shares of the LYFT stock.
Still, SEC filings show that on Feb 29 ’24, Green Logan (Director) disposed off 11,867 shares at an average price of $15.69 for $0.19 million. The insider now directly holds 346,341 shares of Lyft Inc (LYFT).
