Currently, there are 391.24M common shares owned by the public and among those 338.53M shares have been available to trade.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 15,433,562 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 228,189 shares.
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However, the script later moved the day high at 16.43, up 0.63%. The company’s stock has a 5-day price change of -15.87% and 54.24% over the past three months. LYFT shares are trading 6.80% year to date (YTD), with the 12-month market performance up to 48.93% higher. It has a 12-month low price of $7.85 and touched a high of $19.42 over the same period. LYFT has an average intraday trading volume of 18.59 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.45%, 14.47%, and 40.53% respectively.
Institutional ownership of Lyft Inc (NASDAQ: LYFT) shares accounts for 75.22% of the company’s 391.24M shares outstanding.
It has a market capitalization of $6.40B and a beta (3y monthly) value of 1.96. The earnings-per-share (ttm) stands at -$0.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.31% over the week and 6.27% over the month.
Analysts forecast that Lyft Inc (LYFT) will achieve an EPS of $0.02 for the current quarter, $0.14 for the next quarter and $0.85 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.88 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.91%, and 40.25% over the next financial year. EPS should shrink at an annualized rate of 11.20% over the next five years, compared to 22.39% over the past 5-year period.
Goldman coverage for the Lyft Inc (LYFT) stock in a research note released on January 11, 2024 offered a Neutral rating with a price target of $15. BMO Capital Markets was of a view on January 09, 2024 that the stock is Market Perform, while Nomura gave the stock Reduce rating on December 29, 2023, issuing a price target of $11.70- $13. MoffettNathanson on their part issued Sell rating on October 31, 2023.
