Lyft Inc. (NASDAQ: LYFT) has experienced a decline in its stock price by -2.40 compared to its previous closing price of 8.11. However, the company has seen a fall of -5.32% in its stock price over the last five trading days. The Wall Street Journal reported on 05/16/23 that Lyft Taps New CFO Amid Layoffs, Soft Earnings Forecast
Is It Worth Investing in Lyft Inc. (NASDAQ: LYFT) Right Now?
, and the 36-month beta value for LYFT is at 1.76. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 0 rating it as “overweight,” 33 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for LYFT is $11.34, which is $5.01 above the current market price. The public float for LYFT is 317.44M, and currently, shorts hold a 15.37% of that float. The average trading volume for LYFT on May 24, 2023 was 20.04M shares.
LYFT’s Market Performance
LYFT stock saw a decrease of -5.32% in the past week, with a monthly decline of -20.53% and a quarterly a decrease of -25.12%. The volatility ratio for the week is 3.79%, and the volatility levels for the last 30 days are 5.16% for Lyft Inc. (LYFT). The simple moving average for the past 20 days is -13.19% for LYFT’s stock, with a -36.27% simple moving average for the past 200 days.
LYFT Trading at -16.60% 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 -63.22% of loss for the given period.
Volatility was left at 5.16%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -21.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.48% lower at present.
During the last 5 trading sessions, LYFT fell by -5.82%, which changed the moving average for the period of 200-days by -60.30% in comparison to the 20-day moving average, which settled at $9.01. In addition, Lyft Inc. saw -28.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LYFT starting from Green Logan, who sale 21,013 shares at the price of $8.06 back on May 22. After this action, Green Logan now owns 474,344 shares of Lyft Inc., valued at $169,298 using the latest closing price.
Wilderotter Mary Agnes, the Director of Lyft Inc., sale 1,826 shares at $10.16 during a trade that took place back on Feb 27, which means that Wilderotter Mary Agnes is holding 35,078 shares at $18,544 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -35.63 for the present operating margin
- +29.68 for the gross margin
The net margin for Lyft Inc. stands at -38.69. The total capital return value is set at -76.19, while invested capital returns managed to touch -87.81. Equity return is now at value -251.70, with -34.20 for asset returns.
Based on Lyft Inc. (LYFT), the company’s capital structure generated 282.15 points at debt to equity in total, while total debt to capital is 73.83. Total debt to assets is 24.07, with long-term debt to equity ratio resting at 257.16. Finally, the long-term debt to capital ratio is 67.29.
When we switch over and look at the enterprise to sales, we see a ratio of 0.56, with the company’s debt to enterprise value settled at 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
In conclusion, Lyft Inc. (LYFT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
