Lyft Inc [LYFT] stock prices are up 0.20% to $10.08 at the moment. 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 11.01% over the last week, with a monthly amount drifted -24.66%, 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 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.
The stock price of Lyft Inc [LYFT] has been fluctuating between $8.85 and $20.82 over the past year. Currently, Wall Street analysts expect the stock to reach $34.21 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $10.08 at the most recent close of the market. An investor can expect a potential return of 239.38% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
The Lyft Inc [NASDAQ:LYFT] reported sales of 5.10B for trailing twelve months, representing a surge of 40.64%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.12 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.87.
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 9.88 points at the first support level, and at 9.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.29, and for the 2nd resistance point, it is at 10.49.
Ratios To Look Out For
It’s worth pointing out that Lyft Inc [NASDAQ:LYFT]’s Current Ratio is 0.74. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 7.16.
Transactions by insiders
Recent insider trading involved Risher John David, Chief Executive Officer, that happened on Aug 09 ’24 when 51815.0 shares were purchased. PRESIDENT, Sverchek Kristin completed a deal on Jun 28 ’24 to sell 3500.0 shares. Meanwhile, PRESIDENT Sverchek Kristin sold 3000.0 shares on Jul 01 ’24.
