Lyft, Inc. (NASDAQ:LYFT) went down by -5.44% from its latest closing price compared to the recent 1-year high of $54.50. The company’s stock price has collected 0.43% of gains in the last five trading sessions. The Wall Street Journal reported on 09/13/20 that Union Organizing and Gig-Economy Workers
Is It Worth Investing in Lyft, Inc. (NASDAQ :LYFT) Right Now?
Lyft, Inc. (NASDAQ:LYFT) scored a price-to-earnings ratio above its average ratio, recording 12.01 x from its present earnings ratio. Opinions of the stock are interesting as 23 analysts out of 40 who provided ratings for Lyft, Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 14 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $39.70, which is $10.57 above the current price. LYFT currently public float of 243.73M and currently shorts hold a 9.36% ratio of that float. Today, the average trading volume of LYFT was 8.98M shares.
LYFT’s Market Performance
LYFT stocks went up by 0.43% for the week, with a monthly jump of 6.03% and a quarterly performance of -17.65%, while its annual performance rate touched -36.74%. The volatility ratio for the week stands at 5.58% while the volatility levels for the past 30 days are set at 5.67% for Lyft, Inc.. The simple moving average for the period of the last 20 days is 2.93% for LYFT stocks with a simple moving average of -14.63% for the last 200 days.
Analysts’ Opinion of LYFT
Many brokerage firms have already submitted their reports for LYFT stocks, with Raymond James repeating the rating for LYFT by listing it as a “Mkt Perform.” The predicted price for LYFT in the upcoming period, according to Raymond James is $52 based on the research report published on July 22nd of the current year 2020.
Northcoast, on the other hand, stated in their research note that they expect to see LYFT reach a price target of $52. The rating they have provided for LYFT stocks is “Neutral” according to the report published on July 14th, 2020.
BTIG Research gave a rating of “Buy” to LYFT, setting the target price at $52 in the report published on June 11th of the current year.
LYFT Trading at 1.11% from the 50-Day Moving Average
After a stumble in the market that brought LYFT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.53% of loss for the given period.
Volatility was left at 5.67%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares surge +11.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.00% lower at present.
During the last 5 trading sessions, LYFT rose by +0.43%, which changed the moving average for the period of 200-days by -38.77% in comparison to the 20-day moving average, which settled at $29.52. In addition, Lyft, Inc. saw -29.73% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at LYFT starting from Sverchek Kristin, who sold 10,000 shares at the price of $30.01 back on Aug 28. After this action, Sverchek Kristin now owns 196,462 shares of Lyft, Inc., valued at $300,146 using the latest closing price.
Sverchek Kristin, the General Counsel and Secretary of Lyft, Inc., sold 10,000 shares at $29.37 during a trade that took place back on Aug 26, which means that Sverchek Kristin is holding 196,462 shares at $293,651 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -74.74 for the present operating margin
- +22.22 for the gross margin
The net margin for Lyft, Inc. stands at -71.97. The total capital return value is set at -96.33, while invested capital returns managed to touch -94.34. Equity return is now at value -61.60, with -29.80 for asset returns.
Based on Lyft, Inc. (LYFT), the company’s capital structure generated 16.69 points at debt to equity in total, while total debt to capital is 14.30.