The stock of Lyft Inc (LYFT) has gone down by -2.30% for the week, with a 11.51% rise in the past month and a -6.94% drop in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are 4.41% for LYFT. The simple moving average for the past 20 days is 2.48% for LYFT’s stock, with a -13.43% 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 2.05. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 4 as “overweight,” 29 as “hold,” and 1 as “sell.”
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The public float for LYFT is 348.75M, and at present, short sellers hold a 13.86% of that float. On October 04, 2024, the average trading volume of LYFT was 14.08M shares.
LYFT) stock’s latest price update
Lyft Inc (NASDAQ: LYFT) has experienced a rise in its stock price by 1.49 compared to its previous closing price of 12.36. However, the company has seen a fall of -2.30% in its stock price over the last five trading days. reuters.com reported 2024-10-03 that A self-driving Tesla carrying a passenger for Uber rammed into an SUV at an intersection in suburban Las Vegas in April, an accident that sparked new concerns that a growing stable of self-styled “robotaxis” is exploiting a regulatory gray area in U.S. cities, putting lives at risk.
Analysts’ Opinion of LYFT
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see LYFT reach a price target of $13. The rating they have provided for LYFT stocks is “Neutral” according to the report published on September 05th, 2024.
LYFT Trading at 8.19% 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 -39.75% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +13.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.62% upper at present.
During the last 5 trading sessions, LYFT fell by -2.41%, which changed the moving average for the period of 200-days by -19.88% in comparison to the 20-day moving average, which settled at $12.31. In addition, Lyft Inc saw -16.31% 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 Zimmer John Patrick, who sale 2,424 shares at the price of $11.32 back on Sep 16 ’24. After this action, Zimmer John Patrick now owns 929,638 shares of Lyft Inc, valued at $27,440 using the latest closing price.
Llewellyn Lindsay Catherine, the CHIEF LEGAL OFFICER, SECRETARY of Lyft Inc, sale 4,243 shares at $12.00 during a trade that took place back on Sep 12 ’24, which means that Llewellyn Lindsay Catherine is holding 760,089 shares at $50,916 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.36 for the gross margin
The net margin for Lyft Inc stands at -0.01. The total capital return value is set at -0.14. Equity return is now at value -13.46, with -1.38 for asset returns.
Based on Lyft Inc (LYFT), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 1.87. The interest coverage ratio of the stock is -12.34.
Currently, EBITDA for the company is -295.79 million with net debt to EBITDA at -25.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 17.95for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.
Conclusion
To sum up, Lyft Inc (LYFT) has seen a mixed 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.
