The stock of Lyft Inc (NASDAQ:LYFT) last traded at $17.30, down -4.53% from the previous session.
LYFT stock price is now 25.65% away from the 50-day moving average and 18.14% away from the 200-day moving average. The market capitalization of the company currently stands at $7.26B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Risher John David, Chief Executive Officer bought 13,790 shares of the company’s stock on Nov 12 ’24. The stock was bought for $250,272 at an average price of $18.15. Upon completion of the transaction, the Chief Executive Officer now directly owns 12,112,796 shares in the company, valued at $209.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, CHIEF LEGAL OFFICER, SECRETARY Llewellyn Lindsay Catherine sold 4,242 shares of the business’s stock. A total of $75,338 was realized by selling the stock at an average price of $17.76. This leaves the insider owning 755,847 shares of the company worth $13.08 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 $8.93 and a high of $20.82. As of last week, the company has a debt-to-equity ratio of 1.89, a current ratio of 0.75, and a quick ratio of 0.75. The fifty day moving average price for LYFT is $13.6384 and a two-hundred day moving average price translates $14.6205 for the stock.
The latest earnings results from Lyft Inc (NASDAQ: LYFT) was released for 2024-09-30. The net profit margin was -1.20% and return on equity was -11.61% for LYFT. The company reported revenue of $1.52 billion for the quarter, compared to $1.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.54 percent.
