The stock of Lyft Inc (NASDAQ:LYFT) last traded at $14.01, up 4.32% from the previous session.
LYFT stock price is now -0.03% away from the 50-day moving average and 0.92% away from the 200-day moving average. The market capitalization of the company currently stands at $5.86B.
With the price target maintained at $20, The Benchmark Company recently Upgraded its rating from Hold to Buy for Lyft Inc (NASDAQ: LYFT). , while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Llewellyn Lindsay Catherine, CHIEF LEGAL OFFICER, SECRETARY sold 24,550 shares of the company’s stock on Dec 02 ’24. The stock was sold for $421,487 at an average price of $17.17. Upon completion of the transaction, the CHIEF LEGAL OFFICER, SECRETARY now directly owns 707,267 shares in the company, valued at $9.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Director Green Logan sold 10,919 shares of the business’s stock. A total of $188,313 was realized by selling the stock at an average price of $17.25. This leaves the insider owning 314,492 shares of the company worth $4.41 million. A total of 9.71% of the company’s stock is owned by insiders.
During the past 12 months, Lyft Inc has had a low of $8.93 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 1.64, a current ratio of 0.76, and a quick ratio of 0.76.
The net profit margin was 0.39% and return on equity was 3.48% for LYFT. The company reported revenue of $1.52 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.54 percent. For the current quarter, analysts expect LYFT to generate $1.47B in revenue.
