Lyft Inc (NASDAQ: LYFT) on Friday, soared 3.07% from the previous trading day, before settling in for the closing price of $16.29. Within the past 52 weeks, LYFT’s price has moved between $8.93 and $20.82.
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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. The company achieved an average annual earnings per share of 31.53%. With a float of $353.72 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 35.39%, operating margin of -3.79%, and the pretax margin is -1.07%.
Lyft Inc (LYFT) Insider and Institutional Ownership
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Lyft Inc is 14.73%, while institutional ownership is 77.64%. The most recent insider transaction that took place on Nov 12 ’24, was worth 250,272. In this transaction Chief Executive Officer of this company bought 13,790 shares at a rate of $18.15, taking the stock ownership to the 12,112,796 shares. Before that another transaction happened on Nov 07 ’24, when Company’s CHIEF LEGAL OFFICER, SECRETARY sold 4,242 for $17.76, making the entire transaction worth $75,338. This insider now owns 755,847 shares in total.
Lyft Inc (LYFT) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.06 earnings per share (EPS) for the period topping the consensus outlook (set at -0.18) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 31.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.45% during the next five years compared to 22.39% growth over the previous five years of trading.
Lyft Inc (NASDAQ: LYFT) Trading Performance Indicators
Lyft Inc (LYFT) is currently performing well based on its current performance indicators. A quick ratio of 0.75 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31. Likewise, its price to free cash flow for the trailing twelve months is 11.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.16, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 1.03 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 14.88 million. That was inferior than the volume of 15.14 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.42%. Additionally, its Average True Range was 0.81.
During the past 100 days, Lyft Inc’s (LYFT) raw stochastic average was set at 77.56%, which indicates a significant increase from 58.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.80% in the past 14 days, which was higher than the 64.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.17, while its 200-day Moving Average is $14.72. However, in the short run, Lyft Inc’s stock first resistance to watch stands at $17.00. Second resistance stands at $17.22. The third major resistance level sits at $17.57. If the price goes on to break the first support level at $16.44, it is likely to go to the next support level at $16.09. The third support level lies at $15.87 if the price breaches the second support level.
Lyft Inc (NASDAQ: LYFT) Key Stats
Market capitalization of the company is 7.18 billion based on 414,817K outstanding shares. Right now, sales total 4,404 M and income totals -340,320 K. The company made 1,523 M in profit during its latest quarter, and -12,430 K in sales during its previous quarter.
