Currently, Lyft Inc [LYFT] is trading at $14.04, up 0.36%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LYFT shares have gain 5.88% over the last week, with a monthly amount glided 12.59%, 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.
This stock has fluctuated between a low of $8.85 and a high of $20.82 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $32.74 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $14.04 at the most recent close of the market. An investor can expect a potential return of 133.19% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
Trailing Twelve Months sales for Lyft Inc [NASDAQ:LYFT] were 5.10B which represents 40.64% growth. 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 13.77 points at the first support level, and at 13.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.24, and for the 2nd resistance point, it is at 14.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Lyft Inc [NASDAQ:LYFT] is 0.74. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 9.97.
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.
