A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Lyft Inc’s current trading price is -29.66% away from its 52-week high, while its distance from the 52-week low is 47.04%. The stock’s price range for this time frame has been between $9.12 and $19.07. The trading volume of the company’s shares in the Technology reached around 24.26 million for the day, which was evidently higher than the average daily volume of 18.11 million over the last three months.
Lyft Inc (LYFT) currently has a stock price of $13.41. The stock saw a sharp increase in the last trading session, hitting a high of $28.0 after opening at $13.41. The lowest recorded price for the day was $10.0 before it closed at $14.21.
The stock market performance of Lyft Inc has been very steady.
How Financial Performance Impacts Market Capitalization
Lyft Inc (LYFT) has experienced a quarterly rise of 3.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.64B and boasts a workforce of 2934 employees.
Decoding Analysts’ Ratings for Lyft Inc
As of right now, 10 analysts are rating Lyft Inc as a BUY, 5 of the polled analysts branded the stock as an OVERWEIGHT, 28 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 14.02, with a change in price of +1.38. Similarly, Lyft Inc recorded 17,268,451 in trading volume during the last 100 days, posting a change of +11.47%.
How LYFT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for LYFT stands at 1.10. Similarly, the long-term debt-to-equity ratio is also 0.97.
LYFT Stock Stochastic Average
The raw stochastic average for Lyft Inc over the last 50 days is presently at 0.62%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 1.06%. Further, the company’s Stochastic %K and %D values for the last 20 days were 19.27% and 24.43%, respectively.
LYFT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 22.24%.However, over the last six months, we can see a stronger performance of -4.69%. Over the last 30 days, the price of LYFT has leaped by -12.47%. And in the last five days, it has fallen by -1.54%.
