Lyft Inc (LYFT) can make a big difference with a little luck

With 14.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.9 million shares. The 52-week range on LYFT shows that it touched its highest point at $20.82 and its lowest point at $7.85 during that stretch. It currently has a 1-year price target of $16.18. Beta for the stock currently stands at 1.98.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LYFT was down-trending over the past week, with a drop of -4.56%, but this was up by 21.16% over a month. Three-month performance surged to 23.81% while six-month performance rose 83.06%. The stock gained 114.25% in the past year, while it has gained 28.35% so far this year. A look at the trailing 12-month EPS for LYFT yields -0.90 with Next year EPS estimates of 0.85. For the next quarter, that number is 0.08. This implies an EPS growth rate of -14.09% for this year and 52.04% for next year. EPS is expected to grow by 11.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.39%.

Float and Shares Shorts:

At present, 391.24 million LYFT shares are outstanding with a float of 339.97 million shares on hand for trading. On Mar 15, 2024, short shares totaled 52.74 million, which was 13.19% higher than short shares on Feb 15, 2024. In addition to LYFT as the firm’s Lyft, Inc., LYT serves as its Lytus Technologies Holdings PTV.

Institutional Ownership:

Through their ownership of 77.48% of LYFT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LYFT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, LYFT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and LYFT currently yields $0.00. In the past year, LYFT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, LYFT has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.