Analyst Expects Lyft Inc (NASDAQ: LYFT) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Lyft Announces Pricing of Offering of $400 million of Convertible Senior Notes.

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Stocks Info

As a NASDAQ listed company, LYFT falls under the Technology sector while operating within the Software – Application industry segment. The current market capitalization of Lyft Inc is $7.80B. A total of 9.66 million shares were traded on the day, compared to an average of 17.86M shares.

In the most recent transaction, Zimmer John Patrick sold 193,200 shares of LYFT for 20.04 per share on Mar 21 ’24. After the transaction, the Director now owns 932,544 company shares. In a previous transaction on Mar 21 ’24, Zimmer John Patrick sold 36,000 shares at 20.04 per share. LYFT shares that Director owns now total 0.

Among the insiders who sold shares, Sverchek Kristin disposed of 16,000 shares on Mar 21 ’24 at a per-share price of $20.00. This resulted in the PRESIDENT holding 80,978 shares of LYFT after the transaction. In another insider transaction, Sverchek Kristin sold 3,500 shares at $17.51 per share on Mar 04 ’24. Company shares held by the PRESIDENT now total 96,978.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, LYFT has a high of $20.82 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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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