Saturday, April 4, 2020

Lyft Inc. (LYFT) Stock trading around $46.06 per share: What’s Next?

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Lyft Inc. (NASDAQ:LYFT) stock went on an upward path that rose over 1.03% on Friday, amounting to a one-week price increase of more than 6.65%. The one-year LYFT stock forecast points to a potential downside of -0.46, with the average price target set at $66.81 per share. The average equity rating for LYFT stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for LYFT stock reached $13.57 billion, with 294.66 million shares outstanding and 196.71 million shares in the current float. Compared to the average trading volume of 6.18M shares, LYFT reached a trading volume of 4504163 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Lyft Inc. (LYFT):

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LYFT shares is $67.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LYFT stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Bernstein have made an estimate for Lyft Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 10, 2020. While these analysts kept the previous recommendation, The Benchmark Company raised their target price to Sell. The new note on the price target was released on January 09, 2020, representing the official price target for Lyft Inc. stock. Previously, the target price had yet another raise to $62, while Loop Capital analysts kept a Buy rating on LYFT stock. On October 31, 2019, analysts decreased their price target for LYFT shares from 71 to 58.

The Average True Range (ATR) for Lyft Inc. is set at 1.46, with the Price to Sales ratio for LYFT stock in the period of the last 12 months amounting to 4.15. The Price to Book ratio for the last quarter was 4.54, with the Price to Cash per share for the same quarter was set at 10.58. Quick ratio for the last quarter at 1.50.

LYFT Stock Performance Analysis:

Lyft Inc. (LYFT) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.65. With this latest performance, LYFT shares gained by 1.77% in over the last four-week period, additionally sinking by -28.31% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LYFT stock in for the last two-week period is set at 55.43, with the RSI for the last a single of trading hit 58.45, and the three-weeks RSI is set at 52.68 for Lyft Inc. (LYFT). The present Moving Average for the last 50 days of trading for this stock 45.18, while it was recorded at 44.82 for the last single week of trading.

Insight into Lyft Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Lyft Inc. (LYFT) shares currently have an operating margin of -45.34 and a Gross Margin at +26.65. Lyft Inc.’s Net Margin is presently recorded at -42.26.

Return on Total Capital for LYFT is now -42.64, given the latest momentum, and Return on Invested Capital for the company is -39.75. Return on Equity for this stock declined to -39.75, with Return on Assets sitting at -26.90.

Reflecting on the efficiency of the workforce at the company, Lyft Inc. (LYFT) managed to generate an average of -$190,218 per employee. Total Asset Turnover recorded at a value of 0.64. Lyft Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.

Lyft Inc. (LYFT) Insider Position Details

There are presently around $6,118 million, or 43.80% of LYFT stock, in the hands of institutional investors. The top three institutional holders of LYFT stocks are: FMR LLC with ownership of 17,270,664, which is approximately -11.409% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 16,770,931 shares of the stock with an approximate value of $772.47 million in LYFT stocks shares; and AH EQUITY PARTNERS III (PARALLEL), L.L.C., currently with $414.58 million in LYFT stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Lyft Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 234 institutional holders increased their position in Lyft Inc. (NASDAQ:LYFT) by around 54,641,577 shares. Additionally, 97 investors decreased positions by around 23,400,577 shares, while 50 investors held positions by with 54,793,116 shares. The mentioned changes placed institutional holdings at 132,835,270 shares, according to the latest SEC report filing. LYFT stock had 115 new institutional investments in for a total of 18,544,716 shares, while 63 institutional investors sold positions of 14,459,651 shares during the same period.

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