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Wednesday, February 1, 2023

The Question Is Whether To Buy Or Not To Buy Lyft Inc. (NASDAQ: LYFT)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Lyft Inc. (LYFT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.09%, to $11.13. The Lyft Inc. has recorded 52,829 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Lyft Announces Third Quarter Results.

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Stocks Info

Lyft Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $11.12 and fluctuated between $11.43 as its day high and $10.97 as its day low. The current market capitalization of Lyft Inc. is $3.95B. A total of 8.64 million shares were traded on the day, compared to an average of 15.59M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, LYFT has seen 3 BUY and 7 SELL insider trades, representing the acquisition of 2,883 and the disposition of 102,737 shares. Over the last 12 months, there were 20 BUYs and 35 SELLs from insiders. Insiders purchased 1,646,693 shares during that period but sold 439,069.

In the most recent transaction, Wilderotter Mary Agnes sold 1,826 shares of LYFT for 10.87 per share on Nov 28. After the transaction, the Director now owns 38,730 company shares. In a previous transaction on Aug 10, Sverchek Kristin sold 18,885 shares at 20.05 per share. LYFT shares that President of Business Affairs owns now total 194,538.

Among the insiders who sold shares, Sverchek Kristin disposed of 13,000 shares on Aug 09 at a per-share price of $18.98. This resulted in the President of Business Affairs holding 70,350 shares of LYFT after the transaction. In another insider transaction, Wilderotter Mary Agnes sold 553 shares at $17.94 per share on May 27. Company shares held by the Director now total 21,824.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for LYFT in the last 3 months, the mean price target is $20.64 with high estimates of $45.00 and low estimates of $11.00. In terms of 52-week highs and lows, LYFT has a high of $46.64 and a low of $9.66.

As of this writing, LYFT has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.22 per share and a lower estimate of -$0.04. The company reported an EPS of $0.07 in the last quarter, which was 200.00% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 43 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LYFT is Sell with a score of 3.72. A total of 20 analysts rated the stock as Buy while 1 rated it as Overweight while 21 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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