The stock of Lyft Inc (NASDAQ:LYFT) last traded at $11.60, up 3.57% from the previous session.
LYFT stock price is now -8.70% away from the 50-day moving average and -19.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.68B.
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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, Risher John David, Chief Executive Officer bought 51,815 shares of the company’s stock on Aug 09 ’24. The stock was bought for $501,025 at an average price of $9.67. Upon completion of the transaction, the Chief Executive Officer now directly owns 12,099,006 shares in the company, valued at $140.35 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 $0.59 million. A total of 14.73% 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 $12.6234 and a two-hundred day moving average price translates $14.42605 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.
