In yesterday’s Wall Street session, Lyft Inc (NASDAQ:LYFT) shares traded at $9.71, down -0.51% from the previous session.
LYFT stock price is now -26.59% away from the 50-day moving average and -32.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.92B.
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With the price target of $15, Melius recently initiated with Hold rating for Lyft Inc (NASDAQ: LYFT). , while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Sverchek Kristin, PRESIDENT sold 3,000 shares of the company’s stock on Jul 01 ’24. The stock was sold for $41,443 at an average price of $13.81. Upon completion of the transaction, the PRESIDENT now directly owns 47,778 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28 ’24, PRESIDENT Sverchek Kristin sold 3,500 shares of the business’s stock. A total of $49,026 was realized by selling the stock at an average price of $14.01. This leaves the insider owning 50,778 shares of the company worth $0.49 million. A total of 14.62% of the company’s stock is owned by insiders.
During the past 12 months, Lyft Inc has had a low of $8.85 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 2.18, a current ratio of 0.74, and a quick ratio of 0.74. The fifty day moving average price for LYFT is $13.1064 and a two-hundred day moving average price translates $14.3927 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for 2024-06-30. The net profit margin was -1.27% and return on equity was -13.46% for LYFT. The company reported revenue of $1.44 billion for the quarter, compared to $1.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.64 percent. For the current quarter, analysts expect LYFT to generate $1.43B in revenue.
