The Benchmark Company has recently initiated LYFT Inc (LYFT) stock to Hold rating, as announced on October 25, 2024, according to Finviz. Earlier, on September 24, 2024, Raymond James had resumed the stock to Mkt Perform. Cantor Fitzgerald also initiated Neutral rating with a price target of $13. Additionally, Nomura raised Neutral rating on August 23, 2024. Melius analysts, in their report published on July 22, 2024, also initiated Hold rating and set a price target of $15 for LYFT Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
LYFT Inc (LYFT) Stock Trading Recap
On Tuesday, LYFT Inc (LYFT) stock saw a decline, ending the day at $16.92 which represents a decrease of $-0.25 or -1.46% from the prior close of $17.17. The stock opened at $17.31 and touched a low of $16.88 during the day, reaching a high of $17.32. The volume of shares traded was 7.65 million falling short of the average volume of 13.72 million.
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LYFT Stock Performance and Moving Averages
In recent trading, LYFT Inc (LYFT) stock price has shown some volatility, fluctuating -5.42% over the last five trades and 25.52% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 10.81%, and it has gained 49.21% in the previous three months. Currently, LYFT is trading at -1.13%, 14.49%, and 14.43% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, LYFT, a Technology sector stock, is trading -18.73% below its 52-week high but remains 89.58% above its 52-week low. The Average True Range (ATR) (14 days) of 0.72 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
LYFT Inc’s Profitability and Valuation Ratios
LYFT Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -1.49% and a profit margin of -1.20%, with a gross margin of 10.81%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, LYFT Inc’s market capitalization stands at $7.02 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 16.46. Additionally, the Price-to-Sales Ratio is 1.29, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 10.7, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 14.70% of LYFT Inc (LYFT)’s shares, while financial institutions hold 77.57%.
Notable insider trades include Green Logan, Director at LYFT Inc (LYFT), who sold 10919 shares on Nov 27 ’24, at $17.25 each, totaling $0.19 million. On Nov 07 ’24, BLACKWOOD-KAPRAL LISA, CHIEF ACCOUNTING OFFICER, sold 9081 shares for $18.02 each, amounting to $0.16 million. Additionally, on Aug 27 ’24, Green Logan sold 10323 shares at $11.62 each, generating $0.12 million.
