Lyft Inc [LYFT] stock is trading at $13.91, up 1.46%. 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 lost -1.20% over the last week, with a monthly amount drifted -17.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $13 on the stock. Nomura upgraded its rating to a Neutral. Melius initiated its recommendation with a Hold and recommended $15 as its price target on July 22, 2024. In a note dated June 07, 2024, Loop Capital upgraded an Buy rating on this stock but restated the target price of $20.
Lyft Inc [LYFT] stock has fluctuated between $8.93 and $20.82 over the past year. Currently, Wall Street analysts expect the stock to reach $16.25 within the next 12 months. Lyft Inc [NASDAQ: LYFT] shares were valued at $13.91 at the most recent close of the market. An investor can expect a potential return of 16.82% based on the average LYFT price forecast.
Analyzing the LYFT fundamentals
Lyft Inc [NASDAQ:LYFT] reported sales of 5.46B for the trailing twelve months, which represents a growth of 31.54%. Gross Profit Margin for this corporation currently stands at 0.35% 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 -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.82.
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 13.69 points at the first support level, and at 13.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.02, and for the 2nd resistance point, it is at 14.14.
Ratios To Look Out For
For context, Lyft Inc’s Current Ratio is 0.75. In addition, the Quick Ratio stands at 0.75 and the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 8.80.
Transactions by insiders
Recent insider trading involved Llewellyn Lindsay Catherine, CHIEF LEGAL OFFICER, SECRETARY, that happened on Dec 02 ’24 when 24550.0 shares were sold. Director, Green Logan completed a deal on Nov 27 ’24 to sell 10919.0 shares. Meanwhile, Officer Llewellyn Lindsay Catherine bought 24550.0 shares on Dec 02 ’24.
