Lyft Inc [LYFT] stock is trading at $12.47, down -0.48%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The LYFT shares have gain 9.87% over the last week, with a monthly amount glided 6.67%, 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.
Lyft Inc [LYFT] stock has fluctuated 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 $12.47 at the most recent close of the market. An investor can expect a potential return of 162.55% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
Lyft Inc [NASDAQ:LYFT] reported sales of 5.10B for the trailing twelve months, which represents a growth 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.87.
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 12.31 points at the first support level, and at 12.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.65, and for the 2nd resistance point, it is at 12.82.
Ratios To Look Out For
For context, Lyft Inc’s Current Ratio is 0.74. In addition, the Quick Ratio stands at 0.74 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 8.85.
Transactions by insiders
Recent insider trading involved Zimmer John Patrick, Director, that happened on Sep 16 ’24 when 2424.0 shares were sold. CHIEF LEGAL OFFICER, SECRETARY, Llewellyn Lindsay Catherine completed a deal on Sep 12 ’24 to sell 4243.0 shares. Meanwhile, Director JOHN ZIMMER bought 2424.0 shares on Sep 16 ’24.
