Lyft Inc (NASDAQ: LYFT) is 15.81% higher on its value in year-to-date trading and has touched a low of $8.93 and a high of $20.82 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 $17.18 in the last trading session, with the day’s gains setting it 0.18%.
Currently trading at $17.36, the stock is 3.58% and 18.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.56 million and changing 1.05% at the moment leaves the stock 17.29% off its SMA200. LYFT registered 49.27% gain for a year compared to 6-month loss of 11.21%. The firm has a 50-day simple moving average (SMA 50) of $14.6012 and a 200-day simple moving average (SMA200) of $14.8006.
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The stock witnessed a 26.99% gain in the last 1 month and extending the period to 3 months gives it a 48.76%, and is 6.57% 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 3.86% over the week and 4.51% over the month.
Lyft Inc (LYFT) has around 2945 employees, a market worth around $7.28B and $5.46B in sales. Fwd P/E is 16.89. Profit margin for the company is -1.20%. Distance from 52-week low is 94.51% and -16.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.68%).
The EPS is expected to grow by 28.93% this year.
Lyft Inc (LYFT) Top Institutional Holders
559.0 institutions hold shares in Lyft Inc (LYFT), with institutional investors hold 87.46% of the company’s shares. The shares outstanding are 391.24M, and float is at 353.82M with Short Float at 14.27%. Institutions hold 79.61% 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
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Lyft Inc disclosed in a document filed with the SEC on Nov 25 ’24 that Zimmer John Patrick (Director) sold a total of 2,424 shares of the company’s common stock. The trade occurred on Nov 25 ’24 and was made at $17.69 per share for $42883.0. Following the transaction, the insider now directly holds 0.92 million shares of the LYFT stock.
Still, SEC filings show that on Nov 25 ’24, JOHN ZIMMER (Director) Proposed Sale 2,424 shares at an average price of $16.79 for $40699.0. The insider now directly holds shares of Lyft Inc (LYFT).
