The price of Lyft Inc (NASDAQ:LYFT) shares last traded on Wall Street rose 1.53% to $15.92.
LYFT stock price is now -9.01% away from the 50-day moving average and 15.61% away from the 200-day moving average. The market capitalization of the company currently stands at $6.42B.
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On March 04, 2024, RBC Capital Mkts Upgraded its previous ‘Sector Perform’ rating to ‘Outperform’ on the stock increasing its target price from $17 to quote $23, while ‘MoffettNathanson’ rates the stock as ‘Neutral’
In other news, Zimmer John Patrick, Director sold 7,923 shares of the company’s stock on May 20 ’24. The stock was sold for $131,060 at an average price of $16.54. Upon completion of the transaction, the Director now directly owns 924,621 shares in the company, valued at $14.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, Director Green Logan sold 6,664 shares of the business’s stock. A total of $110,204 was realized by selling the stock at an average price of $16.54. This leaves the insider owning 339,677 shares of the company worth $5.41 million. A total of 14.98% of the company’s stock is owned by insiders.
During the past 12 months, Lyft Inc has had a low of $8.36 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 2.50, a current ratio of 0.82, and a quick ratio of 0.82. The fifty day moving average price for LYFT is $17.4966 and a two-hundred day moving average price translates $13.7708 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for 2024-03-31. The net profit margin was -3.94% and return on equity was -42.18% for LYFT. The company reported revenue of $1.28 billion for the quarter, compared to $1.0 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.65 percent.
