Lyft Inc (NASDAQ: LYFT) is -5.35% lower on its value in year-to-date trading and has touched a low of $8.93 and a high of $19.07 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 $12.06 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $12.21, the stock is 8.01% and 1.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.92 million and changing 1.24% at the moment leaves the stock -6.64% off its SMA200. LYFT registered -27.84% loss for a year compared to 6-month loss of -11.26%. The firm has a 50-day simple moving average (SMA 50) of $11.9862 and a 200-day simple moving average (SMA200) of $13.0791.
The stock witnessed a -0.49% gain in the last 1 month and extending the period to 3 months gives it a -11.52%, and is 9.41% 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 4.57% over the week and 6.46% over the month.
Lyft Inc (LYFT) has around 2934 employees, a market worth around $5.13B and $5.79B in sales. Current P/E ratio is 238.48 and Fwd P/E is 9.55. Profit margin for the company is 0.39%. Distance from 52-week low is 36.81% and -35.96% from its 52-week high. The company has generated returns on investments over the last 12 months (1.48%).
The EPS is expected to grow by 0.63% this year.
Lyft Inc (LYFT) Top Institutional Holders
593.0 institutions hold shares in Lyft Inc (LYFT), with institutional investors hold 90.46% of the company’s shares. The shares outstanding are 409.47M, and float is at 380.84M with Short Float at 10.71%. Institutions hold 86.91% 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 14.5323% 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 8.3719 of the shares outstanding. The other top investors are UBS ASSET MANAGEMENT AMERICAS INC which holds 17.97 million shares representing 4.4211% and valued at over $253.41 million, while BLACKROCK INC. holds 4.3812 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 Green Logan, the company’s Director. SEC filings show that Green Logan sold 11,411 shares of the company’s common stock on Feb 27 ’25 at a price of $13.34 per share for a total of $0.15 million. Following the sale, the insider now owns 0.3 million shares.
Lyft Inc disclosed in a document filed with the SEC on Feb 27 ’25 that Beggs Jill (Director) sold a total of 1,572 shares of the company’s common stock. The trade occurred on Feb 27 ’25 and was made at $13.34 per share for $20977.0. Following the transaction, the insider now directly holds 22039.0 shares of the LYFT stock.
Still, SEC filings show that on Feb 25 ’25, Zimmer John Patrick (Director) disposed off 2,424 shares at an average price of $12.52 for $30339.0. The insider now directly holds 911,922 shares of Lyft Inc (LYFT).
