A share price of Lyft Inc [LYFT] is currently trading at $13.97, down -0.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The LYFT shares have gain 2.87% over the last week, with a monthly amount drifted -11.36%, and not 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 June 07, 2024, when Loop Capital upgraded its rating to a Buy but kept the price target unchanged to $20 for it. Previously, Gordon Haskett upgraded its rating to Buy on June 07, 2024, and elevated its price target to $20. On June 07, 2024, upgrade upgraded it’s rating to Overweight. BofA Securities upgraded its rating to a Buy and increased its price target to $20 on June 07, 2024. Argus upgraded its rating to a Buy. RBC Capital Mkts upgraded its rating to Outperform for this stock on March 04, 2024, and upped its price target to $23. In a note dated February 14, 2024, MoffettNathanson upgraded an Neutral rating on this stock.
Lyft Inc experienced fluctuations in its stock price throughout the past year between $8.85 and $20.82. Currently, Wall Street analysts expect the stock to reach $36.47 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $13.97 at the most recent close of the market. An investor can expect a potential return of 161.06% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
Trailing Twelve Months sales for Lyft Inc [NASDAQ:LYFT] were 4.68B which represents 27.65% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.39 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.12.
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 13.62 points at the first support level, and at 13.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.24, and for the 2nd resistance point, it is at 14.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lyft Inc [NASDAQ:LYFT] is 0.82. As well, the Quick Ratio is 0.82, while the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 11.46.
Transactions by insiders
Recent insider trading involved Sverchek Kristin, PRESIDENT, that happened on Jun 03 ’24 when 6500.0 shares were sold. Director, Green Logan completed a deal on May 29 ’24 to sell 10475.0 shares. Meanwhile, Director Zimmer John Patrick sold 3327.0 shares on May 29 ’24.
