Lyft Inc [LYFT] stock is trading at $18.76, down -3.89%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LYFT shares have gain 5.16% over the last week, with a monthly amount glided 2.74%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Lyft Inc [NASDAQ: LYFT] stock has seen the most recent analyst activity on March 05, 2024, when Argus upgraded its rating to a Buy. Previously, RBC Capital Mkts upgraded its rating to Outperform on March 04, 2024, and elevated its price target to $23. On February 14, 2024, upgrade upgraded it’s rating to Neutral. Goldman downgraded its rating to a Neutral and increased its price target to $15 on January 11, 2024. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $15 as its price target on January 09, 2024. Nomura downgraded its rating to Reduce for this stock on December 29, 2023, and upped its price target to $13. In a note dated October 31, 2023, MoffettNathanson downgraded an Sell rating on this stock but restated the target price of $7.
Lyft Inc [LYFT] stock has fluctuated between $7.85 and $20.82 over the past year. Currently, Wall Street analysts expect the stock to reach $38.11 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $18.76 at the most recent close of the market. An investor can expect a potential return of 103.14% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
Lyft Inc [NASDAQ:LYFT] reported sales of 4.40B for the trailing twelve months, which represents a growth of 4.22%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.77 and Total Capital is -0.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.72.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.44 points at the first support level, and at 18.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.27, and for the 2nd resistance point, it is at 19.78.
Ratios To Look Out For
For context, Lyft Inc’s Current Ratio is 0.87. Further, the Quick Ratio stands at 0.87, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.70, the price to book ratio is 13.85.
Transactions by insiders
Recent insider trading involved Sverchek Kristin, PRESIDENT, that happened on Apr 01 ’24 when 10200.0 shares were sold. Director, Zimmer John Patrick completed a deal on Mar 21 ’24 to sell 0.19 million shares. Meanwhile, Director Zimmer John Patrick sold 36000.0 shares on Mar 21 ’24.
