Lyft Inc (NASDAQ: LYFT): Is It A Buying Opportunity Again?

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.

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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 $5.38B. A total of 9.53 million shares were traded on the day, compared to an average of 13.35M shares.

In the most recent transaction, Sverchek Kristin sold 3,000 shares of LYFT for 13.81 per share on Jul 01 ’24. After the transaction, the PRESIDENT now owns 47,778 company shares. In a previous transaction on Jun 28 ’24, Sverchek Kristin sold 3,500 shares at 14.01 per share. LYFT shares that PRESIDENT owns now total 50,778.

Among the insiders who sold shares, Sverchek Kristin disposed of 6,500 shares on Jun 03 ’24 at a per-share price of $15.77. This resulted in the PRESIDENT holding 54,278 shares of LYFT after the transaction. In another insider transaction, Green Logan sold 10,475 shares at $15.75 per share on May 29 ’24. Company shares held by the Director now total 329,202.

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 $20.82 and a low of $8.85.

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 $1.22, 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 3.36.

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