Lyft Inc [LYFT] stock prices are up 2.91% to $11.68 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 8.15% over the last week, with a monthly amount glided 8.05%, 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 September 05, 2024, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $13. Previously, Nomura upgraded its rating to Neutral on August 23, 2024. On July 22, 2024, Melius initiated with a Hold rating and assigned a price target of $15 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Loop Capital upgraded its rating to a Buy but $20 remained the price target by the analyst firm on June 07, 2024. Gordon Haskett upgraded its rating to Buy for this stock on June 07, 2024, and upped its price target to $20. In a note dated June 07, 2024, Fox Advisors upgraded an Overweight 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 $32.74 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $11.68 at the most recent close of the market. An investor can expect a potential return of 180.31% 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 11.41 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.86, and for the 2nd resistance point, it is at 12.03.
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 0.92, the price to book ratio is 8.29.
Transactions by insiders
Recent insider trading involved Llewellyn Lindsay Catherine, CHIEF LEGAL OFFICER, SECRETARY, that happened on Sep 12 ’24 when 4243.0 shares were sold. Director, JOHN ZIMMER completed a deal on Sep 16 ’24 to buy 2424.0 shares. Meanwhile, Officer Llewellyn Lindsay Catherine bought 4243.0 shares on Sep 12 ’24.
