On November 20, 2023, Lyft Inc (NASDAQ: LYFT) opened at $10.50, lower -1.80% from the last session. During the day, the shares moved up to $10.55 and dropped to $10.08 before settling in for the closing price of $10.58. Price fluctuations for LYFT have ranged from $7.85 to $18.36 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 39.97%. Company’s average yearly earnings per share was noted 133.31% at the time writing. With a float of $331.35 million, this company’s outstanding shares have now reached $361.55 million.
The extent of productivity of a business whose workforce counts for 4419 workers is very important to gauge. In terms of profitability, gross margin is +29.68, operating margin of -35.63, and the pretax margin is -38.55.
Lyft Inc (LYFT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Lyft Inc is 15.69%, while institutional ownership is 78.63%. The most recent insider transaction that took place on Sep 15, was worth 168,742. In this transaction Director of this company sold 14,952 shares at a rate of $11.29, taking the stock ownership to the 1,422,952 shares. Before that another transaction happened on Aug 30, when Company’s Director sold 7,862 for $11.44, making the entire transaction worth $89,903. This insider now owns 472,970 shares in total.
Lyft Inc (LYFT) Latest Financial update
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.13) by $0.11. This company achieved a net margin of -38.69 while generating a return on equity of -183.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 133.31% per share during the next fiscal year.
Lyft Inc (NASDAQ: LYFT) Trading Performance Indicators
Check out the current performance indicators for Lyft Inc (LYFT). In the past quarter, the stock posted a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.94.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.42, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.49 in one year’s time.
Technical Analysis of Lyft Inc (LYFT)
The latest stats from [Lyft Inc, LYFT] show that its last 5-days average volume of 17.58 million was superior to 17.1 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 54.96%. Additionally, its Average True Range was 0.59.
During the past 100 days, Lyft Inc’s (LYFT) raw stochastic average was set at 39.09%, which indicates a significant decrease from 68.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.12% in the past 14 days, which was higher than the 62.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.39, while its 200-day Moving Average is $10.41. Now, the first resistance to watch is $10.60. This is followed by the second major resistance level at $10.81. The third major resistance level sits at $11.07. If the price goes on to break the first support level at $10.13, it is likely to go to the next support level at $9.87. The third support level lies at $9.66 if the price breaches the second support level.
Lyft Inc (NASDAQ: LYFT) Key Stats
There are currently 392,990K shares outstanding in the company with a market cap of 4.08 billion. Presently, the company’s annual sales total 4,095 M according to its annual income of -1,585 M. Last quarter, the company’s sales amounted to 1,158 M and its income totaled -12,100 K.