Currently, there are 391.24M common shares owned by the public and among those 339.76M shares have been available to trade.
However, the script later moved the day high at 18.28, down -0.59%. The company’s stock has a 5-day price change of 17.01% and 33.86% over the past three months. LYFT shares are trading 34.49% year to date (YTD), with the 12-month market performance up to 102.41% higher. It has a 12-month low price of $7.85 and touched a high of $20.82 over the same period. LYFT has an average intraday trading volume of 17.83 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 15.35%, 33.09%, and 64.14% respectively.
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Institutional ownership of Lyft Inc (NASDAQ: LYFT) shares accounts for 75.15% of the company’s 391.24M shares outstanding.
It has a market capitalization of $8.06B and a beta (3y monthly) value of 1.98. 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 5.65% over the week and 5.27% over the month.
Earnings per share for the fiscal year are expected to decrease by -6.12%, and 39.13% 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.
RBC Capital Mkts coverage for the Lyft Inc (LYFT) stock in a research note released on March 04, 2024 offered a Outperform rating with a price target of $23. MoffettNathanson was of a view on February 14, 2024 that the stock is Neutral, while Goldman gave the stock Neutral rating on January 11, 2024, issuing a price target of $12- $15. BMO Capital Markets on their part issued Market Perform rating on January 09, 2024.
