Lyft Inc (NASDAQ:LYFT) shares, rose in value, with the stock price down by -3.43% to the previous day’s close as strong demand from buyers drove the stock to $16.34.
Actively observing the price movement in the last trading, the stock closed the session at $16.92. Referring to stock’s 52-week performance, its high was $20.82, and the low was $7.85. On the whole, LYFT has fluctuated by -16.29% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LYFT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LYFT currently trading nearly -9.95% and -7.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.65, while the 7-day volatility ratio is showing 4.75% which for the 30-day chart, stands at 5.07%. Furthermore, Lyft Inc (LYFT)’s beta value is 2.04, and its average true range (ATR) is 0.95.
A comparison of Lyft Inc (LYFT) with its peers suggests the former has fared considerably weaker in the market. LYFT showed an intraday change of -3.43% in last session, and over the past year, it grew by 59.88%%.
Data on historical trading for Lyft Inc (NASDAQ:LYFT) indicates that the trading volumes over the past 3 months, they’ve averaged 17.82 million. According to company’s latest data on outstanding shares, there are 391.24 million shares outstanding.
Nearly 15.14% of Lyft Inc’s shares belong to company insiders and institutional investors own 75.16% of the company’s shares. The stock has risen by 9.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LYFT stock heading into the next quarter.
