Lyft Inc (NASDAQ: LYFT) is 6.34% 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 $15.50 in the last trading session, with the day’s gains setting it 0.44%.
Currently trading at $15.94, the stock is -7.61% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.2 million and changing 2.84% at the moment leaves the stock 7.81% off its SMA200. LYFT registered 30.55% gain for a year compared to 6-month loss of 2.18%. The firm has a 50-day simple moving average (SMA 50) of $14.9536 and a 200-day simple moving average (SMA200) of $14.7859.
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The stock witnessed a 10.69% gain in the last 1 month and extending the period to 3 months gives it a 47.59%, and is -8.18% 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 5.04% over the week and 4.62% over the month.
Lyft Inc (LYFT) has around 2945 employees, a market worth around $6.80B and $5.46B in sales. Fwd P/E is 15.51. Profit margin for the company is -1.20%. Distance from 52-week low is 78.60% and -23.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.68%).
with sales reaching $1.56B over the same period.The EPS is expected to grow by 28.93% this year, but quarterly earnings will post 31.59% year-over-year. Quarterly sales are estimated to grow 27.00% in year-over-year returns.
Lyft Inc (LYFT) Top Institutional Holders
556.0 institutions hold shares in Lyft Inc (LYFT), with institutional investors hold 87.44% of the company’s shares. The shares outstanding are 406.28M, and float is at 353.86M with Short Float at 14.26%. 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
The most recent transaction is an insider sale by Llewellyn Lindsay Catherine, the company’s CHIEF LEGAL OFFICER, SECRETARY. SEC filings show that Llewellyn Lindsay Catherine sold 24,550 shares of the company’s common stock on Dec 02 ’24 at a price of $17.17 per share for a total of $0.42 million. Following the sale, the insider now owns 0.71 million shares.
Lyft Inc disclosed in a document filed with the SEC on Nov 27 ’24 that Green Logan (Director) sold a total of 10,919 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $17.25 per share for $0.19 million. Following the transaction, the insider now directly holds 0.31 million shares of the LYFT stock.
Still, SEC filings show that on Dec 02 ’24, Llewellyn Lindsay Catherine (Officer) Proposed Sale 24,550 shares at an average price of $17.17 for $0.42 million. The insider now directly holds shares of Lyft Inc (LYFT).
