Lyft Inc (NASDAQ:LYFT) shares traded 3.81% higher at $18.51 on Wall Street last session.
LYFT stock price is now 12.31% away from the 50-day moving average and 45.16% away from the 200-day moving average. The market capitalization of the company currently stands at $7.40B.
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, Sverchek Kristin, PRESIDENT sold 10,200 shares of the company’s stock on Apr 01 ’24. The stock was sold for $196,661 at an average price of $19.28. Upon completion of the transaction, the PRESIDENT now directly owns 70,778 shares in the company, valued at $1.31 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 193,200 shares of the business’s stock. A total of $3,872,404 was realized by selling the stock at an average price of $20.04. This leaves the insider owning 932,544 shares of the company worth $17.26 million. A total of 14.96% 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 $16.48 and a two-hundred day moving average price translates $12.75 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 $1.16B in revenue.
