Lots of good ideas fail because the economics don’t work. The lyft stock price at https://www.webull.com/quote/nasdaq-lyft has a strong customer base and has proven demand for its services, but it can’t make money until it lowers costs and/or raises prices. The company has not shown it can do either, and until it does it’s not a great investment.
What is good about this stock?
This has seen 8,107,328 shares traded in the last trading session. The company, currently valued at $9.42 Billion, closed the last trade at $30.69 per share which meant it gained $0.2 on the day or 0.85% during that session. The stock price is -122.65% off its 52-week high price of $68.33 and 52.56% above the 52-week low of $14.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 11.97 Million shares traded.
The consensus among analysts is that the lyft stock price is an Overweight stock at the moment, with a recommendation rating of 2.1. None have rated the stock as Underweight. The expected earnings per share for the stock are -$0.64.
The estimates and forecasts of the stock
Figures show that Lyft, Inc. shares have outperformed across the wider relevant industry. Growth estimates for the current quarter are 98.7% and 62.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +-5.7%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +-258.8% while over the next 5 years; the company’s earnings are expected to increase by 0%.
Major holders of this stock
Insiders own 26.55% of the company shares, while shares held by institutions stand at 61.26% with a share float percentage of 83.41%. Investors are also buoyed by the number of investors in a company, with Lyft, Inc. having a total of 476 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 44.66 Million shares worth more than $1.2 Billion. As of March 30, 2020, FMR, LLC held 14.99% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 18.13 Million shares as of March 30, 2020. The firm’s total holdings are worth over $486.82 Million and represent 6.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. As of January 30, 2020, the former fund manager holds about 4.01% shares in the company for having 11958635 shares worth $567.8. If you want to know more stock information like teum stock , you can visit at https://www.webull.com/quote/nasdaq-teum .