The stock of Lyft Inc. (LYFT) has seen a -8.15% decrease in the past week, with a 4.04% gain in the past month, and a 2.08% flourish in the past quarter. The volatility ratio for the week is 4.99%, and the volatility levels for the past 30 days are at 5.02% for LYFT. The simple moving average for the past 20 days is -3.21% for LYFT’s stock, with a -1.20% simple moving average for the past 200 days.
Is It Worth Investing in Lyft Inc. (NASDAQ: LYFT) Right Now?
and a 36-month beta value of 1.79. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 0 as “overweight,” 33 as “hold,” and 0 as “sell.”
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The average price predicted for Lyft Inc. (LYFT) by analysts is $11.75, which is $1.65 above the current market price. The public float for LYFT is 342.04M, and at present, short sellers hold a 15.54% of that float. On September 11, 2023, the average trading volume of LYFT was 15.57M shares.
LYFT) stock’s latest price update
The stock of Lyft Inc. (NASDAQ: LYFT) has increased by 0.28 when compared to last closing price of 10.79. Despite this, the company has experienced a -8.15% fall in its stock price over the last five trading sessions. Yahoo Finance reported 2023-09-09 that While Lyft and Uber are considered by many to be natural rivals in the ride-share space, Lyft CEO David Risher cites certain post-COVID cultural trends to be detrimental to the overall ride-share and experience industries. Risher sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss Lyft’s refocusing on its customers and costs.
Analysts’ Opinion of LYFT
Many brokerage firms have already submitted their reports for LYFT stocks, with TD Cowen repeating the rating for LYFT by listing it as a “Market Perform.” The predicted price for LYFT in the upcoming period, according to TD Cowen is $11 based on the research report published on July 19, 2023 of the current year 2023.
LYFT Trading at -3.46% 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 -41.75% of loss for the given period.
Volatility was left at 5.02%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.54% upper at present.
During the last 5 trading sessions, LYFT fell by -8.15%, which changed the moving average for the period of 200-days by -3.48% in comparison to the 20-day moving average, which settled at $11.17. In addition, Lyft Inc. saw -1.81% 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 Green Logan, who sale 7,862 shares at the price of $11.44 back on Aug 30. After this action, Green Logan now owns 472,970 shares of Lyft Inc., valued at $89,903 using the latest closing price.
Aggarwal Prashant, the Director of Lyft Inc., purchase 96,900 shares at $10.34 during a trade that took place back on Aug 28, which means that Aggarwal Prashant is holding 971,269 shares at $1,001,655 based on the most recent closing price.
Stock Fundamentals for LYFT
Current profitability levels for the company are sitting at:
- -35.63 for the present operating margin
- +29.68 for the gross margin
The net margin for Lyft Inc. stands at -38.69. The total capital return value is set at -76.19, while invested capital returns managed to touch -87.81. Equity return is now at value -272.90, with -28.90 for asset returns.
Based on Lyft Inc. (LYFT), the company’s capital structure generated 282.15 points at debt to equity in total, while total debt to capital is 73.83. Total debt to assets is 24.07, with long-term debt to equity ratio resting at 257.16. Finally, the long-term debt to capital ratio is 67.29.
When we switch over and look at the enterprise to sales, we see a ratio of 0.82, with the company’s debt to enterprise value settled at 0.34. 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 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.