With 15.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 14.19 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.355 whereas the lowest price it dropped to was $13.86. The 52-week range on LYFT shows that it touched its highest point at $20.82 and its lowest point at $8.93 during that stretch. It currently has a 1-year price target of $19.30. Beta for the stock currently stands at 2.12.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LYFT was down-trending over the past week, with a drop of -12.33%, but this was down by -20.26% over a month. Three-month performance surged to 16.65% while six-month performance rose 1.49%. The stock lost -6.17% in the past year, while it has lost -4.67% so far this year. A look at the trailing 12-month EPS for LYFT yields -0.16 with Next year EPS estimates of 1.03. For the next quarter, that number is 0.21. This implies an EPS growth rate of 28.93% for this year and 21.93% for next year. EPS is expected to grow by 20.45% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.39%.
Float and Shares Shorts:
At present, 406.28 million LYFT shares are outstanding with a float of 354.46 million shares on hand for trading. On 2024-11-29, short shares totaled 39.46 million, which was 951.0 higher than short shares on 1730332800. In addition to Mr. Logan D. Green as the firm’s Co-Founder & Chairman, Mr. John David Risher serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.80724996 of LYFT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, LYFT reported revenue of $1522692000.0 and operating income of -$56687000.0. The EBITDA in the recently reported quarter was $37952000.0 and diluted EPS was -$0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LYFT since 24 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With LYFT analysts setting a high price target of 26.0 and a low target of 15.21, the average target price over the next 12 months is 19.41694. Based on these targets, LYFT could surge 81.95% to reach the target high and rise by 6.44% to reach the target low. Reaching the average price target will result in a growth of 35.88% from current levels.
Analysts have provided yearly estimates in a range of $0.95276 being high and $0.69625 being low. For LYFT, this leads to a yearly average estimate of $0.84283. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is -$0.2. The average estimate for the next quarter is thus -$0.03.
