Lyft Inc (NASDAQ:LYFT) shares, rose in value on Wednesday, March 26, with the stock price down by -1.76% to the previous day’s close as strong demand from buyers drove the stock to $12.27.
Actively observing the price movement in the last trading, the stock closed the session at $12.49, falling within a range of $12.07 and $12.64. The value of beta (5-year monthly) was 2.16 whereas the PE ratio was 239.65 over 12-month period. Referring to stock’s 52-week performance, its high was $20.37, and the low was $8.93. On the whole, LYFT has fluctuated by -3.69% over the past month.
With the market capitalization of Lyft Inc currently standing at about $5.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-10.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.53B, with a low estimate of 1.32B and a high estimate of 1.56B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LYFT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 12.31, with the price of LYFT currently trading nearly 1.41% and -5.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.56, while the 7-day volatility ratio is showing 5.24% which for the 30-day chart, stands at 5.63%. Furthermore, Lyft Inc (LYFT)’s beta value is 2.15, and its average true range (ATR) is 0.67.
A comparison of Lyft Inc (LYFT) with its peers suggests the former has fared considerably weaker in the market. LYFT showed an intraday change of -1.76% in last session, and over the past year, it shrunk by -39.14%%.
Data on historical trading for Lyft Inc (NASDAQ:LYFT) indicates that the trading volumes over the past 10 days have averaged 18.32 and over the past 3 months, they’ve averaged 19.28 million. According to company’s latest data on outstanding shares, there are 409.47 million shares outstanding.
Nearly 9.51% of Lyft Inc’s shares belong to company insiders and institutional investors own 85.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 40.19 million shares as on 2025-03-14, resulting in a short ratio of 2.09. According to the data, the short interest in Lyft Inc (LYFT) stood at 1152.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 49.37 million. The stock has fallen by -4.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LYFT stock heading into the next quarter.
