The stock of Lyft Inc (LYFT) has gone down by -0.32% for the week, with a -7.73% drop in the past month and a -23.46% drop in the past quarter. The volatility ratio for the week is 4.55%, and the volatility levels for the past 30 days are 4.11% for LYFT. The simple moving average for the past 20 days is -5.99% for LYFT’s stock, with a -14.41% simple moving average for the past 200 days.
Is It Worth Investing in Lyft Inc (NASDAQ: LYFT) Right Now?
The stock has a 36-month beta value of 2.08. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for LYFT is 344.49M, and at present, short sellers hold a 13.69% of that float. On July 26, 2024, the average trading volume of LYFT was 14.01M shares.
LYFT) stock’s latest price update
Lyft Inc (NASDAQ: LYFT) has experienced a rise in its stock price by 0.74 compared to its previous closing price of 12.21. However, the company has seen a fall of -0.32% in its stock price over the last five trading days. pymnts.com reported 2024-07-25 that The California Supreme Court ruled Thursday (July 25) that gig workers can be classified as independent contractors, ending a long legal battle in the state.
Analysts’ Opinion of LYFT
Many brokerage firms have already submitted their reports for LYFT stocks, with Melius repeating the rating for LYFT by listing it as a “Hold.” The predicted price for LYFT in the upcoming period, according to Melius is $15 based on the research report published on July 22, 2024 of the current year 2024.
Loop Capital gave a rating of “Buy” to LYFT, setting the target price at $20 in the report published on June 07th of the current year.
LYFT Trading at -14.44% 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 -40.92% of loss for the given period.
Volatility was left at 4.11%, however, over the last 30 days, the volatility rate increased by 4.55%, as shares sank -8.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.29% lower at present.
During the last 5 trading sessions, LYFT fell by -0.72%, which changed the moving average for the period of 200-days by +11.19% in comparison to the 20-day moving average, which settled at $13.03. In addition, Lyft Inc saw -17.95% 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 Sverchek Kristin, who sale 3,000 shares at the price of $13.81 back on Jul 01 ’24. After this action, Sverchek Kristin now owns 47,778 shares of Lyft Inc, valued at $41,443 using the latest closing price.
Sverchek Kristin, the PRESIDENT of Lyft Inc, sale 3,500 shares at $14.01 during a trade that took place back on Jun 28 ’24, which means that Sverchek Kristin is holding 50,778 shares at $49,026 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.37 for the gross margin
The net margin for Lyft Inc stands at -0.04. The total capital return value is set at -0.2. Equity return is now at value -42.18, with -3.96 for asset returns.
Based on Lyft Inc (LYFT), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 2.12. The interest coverage ratio of the stock is -23.42.
Currently, EBITDA for the company is -295.79 million with net debt to EBITDA at -8.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.19. The receivables turnover for the company is 16.61for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.82.
Conclusion
To sum up, Lyft Inc (LYFT) has seen a bad 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.
