At the time of writing, Lyft Inc [LYFT] stock is trading at $12.38, down -1.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The LYFT shares have lost -2.75% over the last week, with a monthly amount drifted -8.84%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Lyft Inc [NASDAQ: LYFT] stock has seen the most recent analyst activity on July 22, 2024, when Melius initiated its Hold rating and assigned the stock a price target of $15. On June 07, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $20 on the stock. Gordon Haskett upgraded its rating to a Buy and increased its price target to $20 on June 07, 2024. Fox Advisors upgraded its rating to a Overweight. BofA Securities upgraded its rating to Buy for this stock on June 07, 2024, and upped its price target to $20. In a note dated March 05, 2024, Argus upgraded an Buy rating on this stock.
For the past year, the stock price of Lyft Inc fluctuated 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 $12.38 at the most recent close of the market. An investor can expect a potential return of 194.59% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
According to Lyft Inc [NASDAQ:LYFT], the company’s sales were 4.68B for trailing twelve months, which represents an 27.65% jump. 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 12.04 points at the first support level, and at 11.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.59, and for the 2nd resistance point, it is at 12.81.
Ratios To Look Out For
It is important to note that Lyft Inc [NASDAQ:LYFT] has a current ratio of 0.82. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.16. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 10.16.
Transactions by insiders
Recent insider trading involved Sverchek Kristin, PRESIDENT, that happened on Jul 01 ’24 when 3000.0 shares were sold. PRESIDENT, Sverchek Kristin completed a deal on Jun 28 ’24 to sell 3500.0 shares. Meanwhile, PRESIDENT Sverchek Kristin sold 6500.0 shares on Jun 03 ’24.
