Lyft Inc (NASDAQ: LYFT) is -6.34% lower on its value in year-to-date trading and has touched a low of $8.85 and a high of $20.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LYFT stock was last observed hovering at around $13.99 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $14.04, the stock is 7.76% and 16.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.39 million and changing 0.36% at the moment leaves the stock -2.43% off its SMA200. LYFT registered 39.15% gain for a year compared to 6-month loss of -16.08%. The firm has a 50-day simple moving average (SMA 50) of $12.0812 and a 200-day simple moving average (SMA200) of $14.38905.
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The stock witnessed a 12.59% gain in the last 1 month and extending the period to 3 months gives it a 11.52%, and is 5.88% up 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 3.38% over the week and 3.64% over the month.
Lyft Inc (LYFT) has around 2945 employees, a market worth around $5.76B and $5.10B in sales. Fwd P/E is 14.62. Profit margin for the company is -1.27%. Distance from 52-week low is 58.64% and -32.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.87%).
with sales reaching $1.44B over the same period.The EPS is expected to grow by 15.33% this year, but quarterly earnings will post 27.30% year-over-year. Quarterly sales are estimated to grow 26.10% in year-over-year returns.
Lyft Inc (LYFT) Top Institutional Holders
566.0 institutions hold shares in Lyft Inc (LYFT), with institutional investors hold 89.22% of the company’s shares. The shares outstanding are 391.24M, and float is at 349.63M with Short Float at 14.41%. Institutions hold 81.11% of the Float.
The top institutional shareholder in the company is FMR LLC with over 59.08 million shares valued at $832.97 million. The investor’s holdings represent 14.7118% of the LYFT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 34.03 million shares valued at $479.86 million to account for 8.4753 of the shares outstanding. The other top investors are UBS ASSET MANAGEMENT AMERICAS INC which holds 17.97 million shares representing 4.4757% and valued at over $253.41 million, while BLACKROCK INC. holds 4.4353 of the shares totaling 17.81 million with a market value of $251.12 million.
Lyft Inc (LYFT) Insider Activity
The most recent transaction is an insider sale by Zimmer John Patrick, the company’s Director. SEC filings show that Zimmer John Patrick sold 2,424 shares of the company’s common stock on Sep 16 ’24 at a price of $11.32 per share for a total of $27440.0. Following the sale, the insider now owns 0.93 million shares.
Lyft Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Llewellyn Lindsay Catherine (CHIEF LEGAL OFFICER, SECRETARY) sold a total of 4,243 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $12.00 per share for $50916.0. Following the transaction, the insider now directly holds 0.76 million shares of the LYFT stock.
Still, SEC filings show that on Sep 16 ’24, JOHN ZIMMER (Director) Proposed Sale 2,424 shares at an average price of $11.35 for $27512.0. The insider now directly holds shares of Lyft Inc (LYFT).
