Is Lyft Inc (NASDAQ: LYFT) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Lyft Announces Pricing of Offering of $400 million of Convertible Senior Notes.

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Stocks Info

LYFT belongs to the Technology sector of the NASDAQ while operating in the Software – Application industry. The current market capitalization of Lyft Inc is $7.68B. A total of 15.33 million shares were traded on the day, compared to an average of 17.64M shares.

In the most recent transaction, Sverchek Kristin sold 3,500 shares of LYFT for 17.51 per share on Mar 04 ’24. After the transaction, the PRESIDENT now owns 96,978 company shares. In a previous transaction on Mar 01 ’24, Sverchek Kristin sold 6,500 shares at 16.30 per share. LYFT shares that PRESIDENT owns now total 100,478.

Among the insiders who sold shares, Green Logan disposed of 11,867 shares on Feb 29 ’24 at a per-share price of $15.69. This resulted in the Director holding 346,341 shares of LYFT after the transaction. In another insider transaction, Zimmer John Patrick sold 3,327 shares at $15.69 per share on Feb 29 ’24. Company shares held by the Director now total 1,125,744.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, LYFT has a high of $19.42 and a low of $7.85.

As of this writing, LYFT has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.15 per share and a lower estimate of -$0.88. The company reported an EPS of $0.24 in the last quarter, which was 84.60% higher than expectations of $0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. LYFT’s latest balance sheet shows that the firm has $2.25B in Cash & Short Term Investments as of fiscal 2021. There were $975.43M in debt and $2.52B in liabilities at the time. Its Book Value Per Share was $1.35, while its Total Shareholder’s Equity was $1.34B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 3.22.

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