Lyft Inc (NASDAQ: LYFT)’s stock price has gone rise by 1.87 in comparison to its previous close of 16.07, however, the company has experienced a 1.36% increase in its stock price over the last five trading days. Business Wire reported 2024-04-18 that SAN FRANCISCO–(BUSINESS WIRE)–Lyft, Inc. (Nasdaq: LYFT) (the “Company” or “Lyft”) will release financial results for the first quarter of 2024 after the close of the market on Tuesday, May 7, 2024. On the same day, Lyft will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these financial results and business highlights. To listen to the live audio webcast, please visit the Company’s Investor Relations page at https://investor.lyft.com/. The archived webcas.
Is It Worth Investing in Lyft Inc (NASDAQ: LYFT) Right Now?
The stock has a 36-month beta value of 2.05. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for LYFT is 339.61M, and at present, short sellers hold a 15.94% of that float. On April 29, 2024, the average trading volume of LYFT was 18.05M shares.
LYFT’s Market Performance
The stock of Lyft Inc (LYFT) has seen a 1.36% increase in the past week, with a -15.97% drop in the past month, and a 29.92% gain in the past quarter. The volatility ratio for the week is 4.21%, and the volatility levels for the past 30 days are at 4.83% for LYFT. The simple moving average for the last 20 days is -8.09% for LYFT’s stock, with a simple moving average of 23.77% for the last 200 days.
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 -7.68% 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 -21.37% of loss for the given period.
Volatility was left at 4.83%, however, over the last 30 days, the volatility rate increased by 4.21%, as shares sank -15.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.12% lower at present.
During the last 5 trading sessions, LYFT rose by +1.36%, which changed the moving average for the period of 200-days by +43.09% in comparison to the 20-day moving average, which settled at $17.66. In addition, Lyft Inc saw 9.21% 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 1.58. The receivables turnover for the company is 14.43for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To sum up, Lyft Inc (LYFT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
