LYFT (NASDAQ:LYFT) Target Lowered by Royal Bank of Canada to $65.00

LYFT stock has undergone multiple analysts rating changes in the recent past.  stock Target Lowered by Royal Bank of Canada on 10/14/2021. In a note to investors, the firm issued a new target price of $65.00. The analysts previously had $70.00 target price. Royal Bank of Canada’s price target would indicate a potential upside of 22.09% from the stock’s previous close.

Shares of traded on Wednesday, reaching $51.90. 1615305 shares of the stock traded hands, compared to its average volume of 3995166. On Wednesday, Shares of closed at $51.90. The firm’s 50 day moving average is $51.64 and its 200 day moving average is $55.30.  has a 12 month low of $21.34 and a 12 month high of $68.28. While on yearly highs and lows, today has traded high as $53.26 and has touched $51.44 on the downward trend.

Earnings and What to expect: 

Lyft last issued its earnings results on August 3rd, 2021. The ride-sharing company reported ($0.68) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.02. The business had revenue of $765.03 million for the quarter, compared to analysts’ expectations of $701.24 million. Lyft has generated ($4.54) earnings per share over the last year (($4.96) diluted earnings per share). Earnings for Lyft are expected to grow in the coming year, from ($2.53) to ($1.09) per share. Lyft has confirmed that its next quarterly earnings report will be published on Tuesday, November 2nd, 2021. Lyft will be holding an earnings conference call on Tuesday, November 2nd at 4:30 PM Eastern. Interested parties can .

Earnings for Lyft are expected to grow in the coming year, from ($2.53) to ($1.09) per share. The P/E ratio of Lyft is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Lyft is -10.73, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Lyft has a P/B Ratio of 10.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

(NASDAQ:LYFT) Moving Average Technical Analysis

5 day Moving Average is $$53.44 And 5 day price change is -$1.00 (-1.83%)  with average volume for 5 day average is 2,415,790. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $53.96 and 20 day price change is $1.31 (2.50%) and average 20 day moving volume is 3,736,978. 50 day moving average is $51.64  and 50 day price change is $4.17 ( 8.42%)  and with average volume for 50 days is : 4,424,541. 200 day moving average is $55.30  and 200 day price change is $4.45 (9.04%)  and with average volume for 200 days is : 6,133,013.

Other owners latest trading in LYFT :

  • On 10/13/2021 shares held by Deltec Asset Management LLC were 10,500 which equates to market value of $0.56M and appx 0.10% owners of LYFT
  • On 10/13/2021 shares held by Foundations Investment Advisors LLC were 22,038 which equates to market value of $1.17M and appx 0.10% owners of LYFT
  • On 10/12/2021 shares held by Koshinski Asset Management Inc. were 1,865 which equates to market value of $100K and appx 0.00% owners of LYFT
  • In total Institutional ownership equates to Institutional Ownership Percentage: 83.01% for LYFT

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