In yesterday’s Wall Street session, Lyft Inc (NASDAQ:LYFT) shares traded at $19.35, down -0.67% from the previous session.
LYFT stock price is now 23.38% away from the 50-day moving average and 55.20% away from the 200-day moving average. The market capitalization of the company currently stands at $7.74B.
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On March 04, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $17 to quote $23, while ‘MoffettNathanson’ rates the stock as ‘Neutral’
In other news, Zimmer John Patrick, Director sold 193,200 shares of the company’s stock on Mar 21 ’24. The stock was sold for $3,872,404 at an average price of $20.04. Upon completion of the transaction, the Director now directly owns 932,544 shares in the company, valued at $18.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 21 ’24, Director Zimmer John Patrick sold 36,000 shares of the business’s stock. A total of $721,566 was realized by selling the stock at an average price of $20.04. A total of 15.02% of the company’s stock is owned by insiders.
During the past 12 months, Lyft Inc has had a low of $7.85 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 2.08, a current ratio of 0.87, and a quick ratio of 0.87. The fifty day moving average price for LYFT is $15.82 and a two-hundred day moving average price translates $12.51 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.08 by 0.1. This compares to -$1.64 EPS in the same period last year. The net profit margin was -7.73% and return on equity was -73.17% for LYFT. The company reported revenue of $1.22 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.22 percent. For the current quarter, analysts expect LYFT to generate $1.15B in revenue.
