In yesterday’s Wall Street session, Lyft Inc (NASDAQ:LYFT) shares traded at $13.26, down -2.50% from the previous session.
LYFT stock price is now 13.11% away from the 50-day moving average and -7.92% away from the 200-day moving average. The market capitalization of the company currently stands at $5.44B.
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On September 05, 2024, Cantor Fitzgerald recently initiated its ‘Neutral’ rating on the stock quoting a target price of $13, while ‘Nomura’ rates the stock as ‘Neutral’
In other news, Zimmer John Patrick, Director sold 2,424 shares of the company’s stock on Sep 16 ’24. The stock was sold for $27,440 at an average price of $11.32. Upon completion of the transaction, the Director now directly owns 929,638 shares in the company, valued at $12.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, CHIEF LEGAL OFFICER, SECRETARY Llewellyn Lindsay Catherine sold 4,243 shares of the business’s stock. A total of $50,916 was realized by selling the stock at an average price of $12.00. This leaves the insider owning 760,089 shares of the company worth $10.08 million. A total of 14.76% 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 $11.7234 and a two-hundred day moving average price translates $14.4002 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.
