Lyft Inc [LYFT] stock is trading at $13.26, down -2.50%. 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 6.00% over the last week, with a monthly amount glided 16.83%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on September 05, 2024, and set its price target to $13. On August 23, 2024, upgrade upgraded it’s rating to Neutral. Melius started tracking the stock assigning a Hold rating and suggested a price target of $15 on July 22, 2024. Wolfe Research initiated its recommendation with a Peer Perform. Loop Capital upgraded its rating to Buy for this stock on June 07, 2024, but kept the price target unchanged to $20. In a note dated June 07, 2024, Gordon Haskett upgraded an Buy rating on this stock and boosted its target price from $17 to $20.
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 $13.26 at the most recent close of the market. An investor can expect a potential return of 146.91% 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 12.98 points at the first support level, and at 12.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.52, and for the 2nd resistance point, it is at 13.78.
Ratios To Look Out For
For context, Lyft Inc’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 1.07, the price to book ratio is 9.42.
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.
