The price of Lyft Inc (NASDAQ:LYFT) shares last traded on Wall Street rose 1.04% to $11.67.
LYFT stock price is now -3.77% away from the 50-day moving average and -19.39% away from the 200-day moving average. The market capitalization of the company currently stands at $4.71B.
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On July 22, 2024, Melius recently initiated its ‘Hold’ rating on the stock quoting a target price of $15, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Green Logan, Director sold 10,323 shares of the company’s stock on Aug 27 ’24. The stock was sold for $119,960 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 330,790 shares in the company, valued at $3.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, CHIEF LEGAL OFFICER, SECRETARY Llewellyn Lindsay Catherine sold 8,486 shares of the business’s stock. A total of $99,795 was realized by selling the stock at an average price of $11.76. This leaves the insider owning 764,332 shares of the company worth $8.92 million. A total of 15.01% 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 $12.0858 and a two-hundred day moving average price translates $14.4873 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.
