The stock of Lyft Inc (LYFT) has seen a 7.48% increase in the past week, with a -1.79% drop in the past month, and a 39.16% flourish in the past quarter. The volatility ratio for the week is 4.65%, and the volatility levels for the past 30 days are at 4.81% for LYFT. The simple moving average for the past 20 days is 1.95% for LYFT’s stock, with a 31.05% simple moving average for the past 200 days.
Is It Worth Investing in Lyft Inc (NASDAQ: LYFT) Right Now?
The 36-month beta value for LYFT is also noteworthy at 2.12. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for LYFT is 342.51M, and at present, short sellers hold a 15.80% of that float. The average trading volume of LYFT on May 07, 2024 was 18.39M shares.
LYFT) stock’s latest price update
Lyft Inc (NASDAQ: LYFT)’s stock price has increased by 1.86 compared to its previous closing price of 17.20. However, the company has seen a 7.48% increase in its stock price over the last five trading sessions. Fox Business reported 2024-05-06 that David Risher explains that taking on Lyft, which was then a failing company, was the easiest decision he has ever made. He tells FOX Business that his biggest challenge is “fighting inertia.
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 -0.76% 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 -15.85% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.43% upper at present.
During the last 5 trading sessions, LYFT rose by +7.48%, which changed the moving average for the period of 200-days by +53.42% in comparison to the 20-day moving average, which settled at $17.17. In addition, Lyft Inc saw 16.88% 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 3,500 shares at the price of $17.50 back on May 03 ’24. After this action, Sverchek Kristin now owns 60,778 shares of Lyft Inc, valued at $61,253 using the latest closing price.
Sverchek Kristin, the PRESIDENT of Lyft Inc, sale 6,500 shares at $15.54 during a trade that took place back on May 01 ’24, which means that Sverchek Kristin is holding 64,278 shares at $100,996 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 1.7. 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
In summary, Lyft Inc (LYFT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
