Stocks of Lyft Inc (NASDAQ:LYFT) traded higher last session on Wall Street, up 1.06% to $14.29.
LYFT stock price is now -6.40% away from the 50-day moving average and -3.18% away from the 200-day moving average. The market capitalization of the company currently stands at $5.64B.
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, Llewellyn Lindsay Catherine, CHIEF LEGAL OFFICER, SECRETARY sold 24,550 shares of the company’s stock on Dec 02 ’24. The stock was sold for $421,487 at an average price of $17.17. Upon completion of the transaction, the CHIEF LEGAL OFFICER, SECRETARY now directly owns 707,267 shares in the company, valued at $10.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Director Green Logan sold 10,919 shares of the business’s stock. A total of $188,313 was realized by selling the stock at an average price of $17.25. This leaves the insider owning 314,492 shares of the company worth $4.49 million. A total of 14.55% 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 $15.232 and a two-hundred day moving average price translates $14.76945 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.
