On Friday, Lyft Inc (NASDAQ: LYFT) opened lower -2.69% from the last session, before settling in for the closing price of $13.78. Price fluctuations for LYFT have ranged from $8.85 to $20.82 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 20.78% annually for the last half of the decade. Company’s average yearly earnings per share was noted 17.35% at the time writing. With a float of $349.62 million, this company’s outstanding shares have now reached $391.24 million.
In an organization with 2945 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 35.55%, operating margin of -3.74%, and the pretax margin is -1.12%.
Lyft Inc (LYFT) Insider Updates
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 14.76%, while institutional ownership is 77.92%. The most recent insider transaction that took place on Sep 16 ’24, was worth 27,440. In this transaction Director of this company sold 2,424 shares at a rate of $11.32, taking the stock ownership to the 929,638 shares. Before that another transaction happened on Sep 12 ’24, when Company’s CHIEF LEGAL OFFICER, SECRETARY sold 4,243 for $12.00, making the entire transaction worth $50,916. This insider now owns 760,089 shares in total.
Lyft Inc (LYFT) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.13) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.35% 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 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.08. Likewise, its price to free cash flow for the trailing twelve months is 14.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.16, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 0.99 in one year’s time.
Technical Analysis of Lyft Inc (LYFT)
Let’s dig in a bit further. During the last 5-days, its volume was 10.34 million. That was inferior than the volume of 14.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 55.61%. Additionally, its Average True Range was 0.52.
During the past 100 days, Lyft Inc’s (LYFT) raw stochastic average was set at 53.62%, which indicates a significant decrease from 64.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.71% in the past 14 days, which was lower than the 55.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.36, while its 200-day Moving Average is $14.40. However, in the short run, Lyft Inc’s stock first resistance to watch stands at $13.82. Second resistance stands at $14.24. The third major resistance level sits at $14.53. If the price goes on to break the first support level at $13.11, it is likely to go to the next support level at $12.82. Assuming the price breaks the second support level, the third support level stands at $12.40.
Lyft Inc (NASDAQ: LYFT) Key Stats
There are currently 403,484K shares outstanding in the company with a market cap of 5.50 billion. Presently, the company’s annual sales total 4,404 M according to its annual income of -340,320 K. Last quarter, the company’s sales amounted to 1,436 M and its income totaled 5,010 K.
