Trending stocks today
Lyft (LYFT-Q)
NASDAQ:LYFT
10.54
0.03
(0.29%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$12.470
No
Not a viable competitor to UBER, and the results show it.
The new CEO announced layoffs, which signalled that he bit the bullet and made a good move. Give this two quarters and see.
They keep losing money as there's no path to profitability. It's a bad signal that they want to get rid of their founders.
Two years ago you could have owned both. Today, this game has completely changed. It boils down to management.
Lyft has consistently made up 30% of the U.S. ride-sharing market. Its Q2, released on August 4, boasted an earnings beat with adjusted EPS at $0.13 (on revenue of $991 million) vs. the street's -$0.04 (on revenues of $989 million). Lyft noted that ridership grew 16% over the past year to 19.9 million, the highest level since the pandemic began. Hand-in-hand with that was the number of active drivers also hit a post-Covid high. The company projects Q3 revenues at $1.04-1.06 billion (all figures here in USD).
It's handling this choppy reopening (i.e. driver shortage) better than Uber. On Friday, a California court just struck down the appeal which states that drivers are freelancers (they are employees, says the judge), so the cost of rides in CA will soar. Despite that, Lyft rebounded today 3% though down more than 15% so far this year. He thinks the stock has bottomed.
Lyft(LYFT-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 5
Lyft(LYFT-Q) Frequently Asked Questions
What is Lyft stock symbol?
Lyft is a American stock, trading under the symbol LYFT-Q on the NASDAQ (LYFT). It is usually referred to as NASDAQ:LYFT or LYFT-Q
Is Lyft a buy or a sell?
In the last year, 5 stock analysts published opinions about LYFT-Q. 0 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Lyft.
Is Lyft a good investment or a top pick?
Lyft was recommended as a Top Pick by on . Read the latest stock experts ratings for Lyft.
Why is Lyft stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Lyft worth watching?
5 stock analysts on Stockchase covered Lyft In the last year. It is a trending stock that is worth watching.
What is Lyft stock price?
On 2023-09-29, Lyft (LYFT-Q) stock closed at a price of $10.54.
She also finds Lyft interesting under a new CEO, more interesting that Uber. She's watching Lyft more than Uber.