Lyft Inc (NASDAQ:LYFT) price closed lower on Friday, April 12, dropping -3.89% below its previous close.
A look at the daily price movement shows that the last close reads $19.52. The company’s 5Y monthly beta was ticking 2.03. Taking into account the 52-week price action we note that the stock hit a 52-week high of $20.82 and 52-week low of $7.85. The stock added 2.74% on its value in the past month. Lyft Inc, which has a market valuation of $7.50 billion, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give LYFT a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that LYFT’s price is at present 0.22% off the SMA20 and 11.39% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.35, with weekly volatility standing at 4.30%. The indicator jumps to 5.00% when calculated based on the past 30 days. Lyft Inc (NASDAQ:LYFT)’s beta value is holding at 2.02, while the average true range (ATR) indicator is currently reading 0.95. An analysis of the Lyft Inc (NASDAQ:LYFT) stock in terms of its daily trading volume indicates that the 3-month average is 17.85 million.
Current records show that the company has 391.24M in outstanding shares. The insiders’ percentage holdings are 15.14% of outstanding shares while the percentage share held by institutions stands at 75.14%. But the 25.15% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
