The stock of Lyft Inc (LYFT) has gone down by -7.80% for the week, with a -2.51% drop in the past month and a 37.34% rise in the past quarter. The volatility ratio for the week is 4.88%, and the volatility levels for the past 30 days are 5.00% for LYFT. The simple moving average for the past 20 days is -4.19% for LYFT’s stock, with a 40.80% simple moving average for the past 200 days.
Is It Worth Investing in Lyft Inc (NASDAQ: LYFT) Right Now?
LYFT has 36-month beta value of 2.03. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LYFT is 339.98M, and currently, short sellers hold a 15.51% ratio of that float. The average trading volume of LYFT on April 08, 2024 was 17.85M shares.
LYFT) stock’s latest price update
The stock of Lyft Inc (NASDAQ: LYFT) has increased by 2.41 when compared to last closing price of 17.42. Despite this, the company has experienced a -7.80% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-29 that Unlike Uber, Lyft limits itself exclusively to the U.S. ride-sharing business. Due to this limitation, Lyft is less able to capitalize on economies of scale.
Analysts’ Opinion of LYFT
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see LYFT reach a price target of $23, previously predicting the price at $17. The rating they have provided for LYFT stocks is “Outperform” according to the report published on March 04th, 2024.
LYFT Trading at 9.66% 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 -14.31% of loss for the given period.
Volatility was left at 5.00%, however, over the last 30 days, the volatility rate increased by 4.88%, as shares sank -1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +43.18% upper at present.
During the last 5 trading sessions, LYFT fell by -7.80%, which changed the moving average for the period of 200-days by +82.97% in comparison to the 20-day moving average, which settled at $18.61. In addition, Lyft Inc saw 19.01% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LYFT starting from Sverchek Kristin, who sale 10,200 shares at the price of $19.28 back on Apr 01 ’24. After this action, Sverchek Kristin now owns 70,778 shares of Lyft Inc, valued at $196,661 using the latest closing price.
Zimmer John Patrick, the Director of Lyft Inc, sale 193,200 shares at $20.04 during a trade that took place back on Mar 21 ’24, which means that Zimmer John Patrick is holding 932,544 shares at $3,872,404 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -0.11 for the present operating margin
- 0.4 for the gross margin
The net margin for Lyft Inc stands at -0.08. The total capital return value is set at -0.3. Equity return is now at value -73.17, with -7.46 for asset returns.
Based on Lyft Inc (LYFT), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18. The debt to equity ratio resting at 1.72. The interest coverage ratio of the stock is -18.14.
Currently, EBITDA for the company is -295.79 million with net debt to EBITDA at -2.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To put it simply, Lyft Inc (LYFT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
