Lyft Inc (LYFT) is gearing up for another turning point as it hit the volume of 8.93 million

A new trading day began on Tuesday, with Lyft Inc (NASDAQ: LYFT) stock price down -1.96% from the previous day of trading, before settling in for the closing price of $14.29. LYFT’s price has ranged from $8.93 to $20.82 over the past 52 weeks.

During the last 5-year period, the sales growth of Technology Sector giant was 20.78%. Meanwhile, its annual earnings per share averaged 28.93%. With a float of $354.46 million, this company’s outstanding shares have now reached $406.28 million.

Let’s determine the extent of company efficiency that accounts for 2945 employees. 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 Activity

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Lyft Inc is 14.55%, while institutional ownership is 80.25%. The most recent insider transaction that took place on Dec 02 ’24, was worth 421,487. In this transaction CHIEF LEGAL OFFICER, SECRETARY of this company sold 24,550 shares at a rate of $17.17, taking the stock ownership to the 707,267 shares. Before that another transaction happened on Nov 27 ’24, when Company’s Director sold 10,919 for $17.25, making the entire transaction worth $188,313. This insider now owns 314,492 shares in total.

Lyft Inc (LYFT) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 28.93% 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

Here are Lyft Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.06. Likewise, its price to free cash flow for the trailing twelve months is 9.06.

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)

Looking closely at Lyft Inc (NASDAQ: LYFT), its last 5-days average volume was 16.36 million, which is a jump from its year-to-date volume of 15.06 million. As of the previous 9 days, the stock’s Stochastic %D was 5.65%. Additionally, its Average True Range was 0.77.

During the past 100 days, Lyft Inc’s (LYFT) raw stochastic average was set at 50.15%, which indicates a significant increase from 3.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.36% in the past 14 days, which was lower than the 67.34% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.30, while its 200-day Moving Average is $14.74. However, in the short run, Lyft Inc’s stock first resistance to watch stands at $14.15. Second resistance stands at $14.30. The third major resistance level sits at $14.44. If the price goes on to break the first support level at $13.86, it is likely to go to the next support level at $13.72. Should the price break the second support level, the third support level stands at $13.57.

Lyft Inc (NASDAQ: LYFT) Key Stats

With a market capitalization of 5.81 billion, the company has a total of 414,817K Shares Outstanding. Currently, annual sales are 4,404 M while annual income is -340,320 K. The company’s previous quarter sales were 1,523 M while its latest quarter income was -12,430 K.