Currently, there are 391.24M common shares owned by the public and among those 344.49M shares have been available to trade.
The company’s stock has a 5-day price change of -10.62% and -43.39% over the past three months. LYFT shares are trading -34.89% year to date (YTD), with the 12-month market performance down to -6.15% lower. It has a 12-month low price of $8.85 and touched a high of $20.82 over the same period. LYFT has an average intraday trading volume of 14.86 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 -18.01%, -26.89%, and -32.21% respectively.
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Institutional ownership of Lyft Inc (NASDAQ: LYFT) shares accounts for 80.18% of the company’s 391.24M shares outstanding.
It has a market capitalization of $3.94B and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.32% over the week and 5.29% over the month.
Earnings per share for the fiscal year are expected to increase by 3.32%, and 27.21% over the next financial year. EPS should shrink at an annualized rate of 17.00% over the next five years, compared to 22.39% over the past 5-year period.
Looking at the support for the LYFT, a number of firms have released research notes about the stock. Melius stated their Hold rating for the stock in a research note on July 22, 2024, with the firm’s price target at $15. Loop Capital was of a view on June 07, 2024 that the stock is Buy, while Gordon Haskett gave the stock Buy rating on June 07, 2024, issuing a price target of $17- $20. Fox Advisors on their part issued Overweight rating on June 07, 2024.
