Lyft Inc (NASDAQ: LYFT) kicked off on Friday, down -3.35% from the previous trading day, before settling in for the closing price of $16.71. Over the past 52 weeks, LYFT has traded in a range of $7.85-$20.82.
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During the last 5-year period, the sales growth of Technology Sector giant was 20.78%. While this was happening, its average annual earnings per share was recorded -7.54%. With a float of $339.29 million, this company’s outstanding shares have now reached $391.24 million.
Let’s determine the extent of company efficiency that accounts for 2945 employees.
Lyft Inc (LYFT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Lyft Inc is 15.14%, while institutional ownership is 75.16%. The most recent insider transaction that took place on Apr 01 ’24, was worth 196,661. In this transaction PRESIDENT of this company sold 10,200 shares at a rate of $19.28, taking the stock ownership to the 70,778 shares. Before that another transaction happened on Mar 21 ’24, when Company’s Director sold 193,200 for $20.04, making the entire transaction worth $3,872,404. This insider now owns 932,544 shares in total.
Lyft Inc (LYFT) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 24.83 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.20% during the next five years compared to 22.39% growth over the previous five years of trading.
Lyft Inc (NASDAQ: LYFT) Trading Performance Indicators
Take a look at Lyft Inc’s (LYFT) current performance indicators. Last quarter, stock had a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.90, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 0.83 in one year’s time.
Technical Analysis of Lyft Inc (LYFT)
Looking closely at Lyft Inc (NASDAQ: LYFT), its last 5-days average volume was 11.04 million, which is a drop from its year-to-date volume of 16.77 million. As of the previous 9 days, the stock’s Stochastic %D was 2.66%. Additionally, its Average True Range was 0.98.
During the past 100 days, Lyft Inc’s (LYFT) raw stochastic average was set at 56.44%, which indicates a significant increase from 2.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.19% in the past 14 days, which was lower than the 78.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.42, while its 200-day Moving Average is $13.11. However, in the short run, Lyft Inc’s stock first resistance to watch stands at $16.62. Second resistance stands at $17.09. The third major resistance level sits at $17.38. If the price goes on to break the first support level at $15.87, it is likely to go to the next support level at $15.58. Should the price break the second support level, the third support level stands at $15.11.
Lyft Inc (NASDAQ: LYFT) Key Stats
The company with the Market Capitalisation of 6.46 billion has total of 399,807K Shares Outstanding. Its annual sales at the moment are 4,404 M in contrast with the sum of -340,320 K annual income. Company’s last quarter sales were recorded 1,225 M and last quarter income was -26,310 K.
