Lyft, Inc.'s current price stands at $13.55, showing a decrease of -1.17% from the previous close. Trading volume is at $5.70 million, 36.89% above the average. The asset experienced a price change of -16.02 cents.
Lyft's latest quarterly earnings report for Wednesday, May 6th, exceeded the consensus estimate with an EPS of 0.3. Further details on revenue and profit margin are pending.
Guggenheim affirmed a "Buy" rating on Lyft with a published price of $13.87. The recent action was to "hold," maintaining the previous grade.
Lyft's cash flow indicates an operating cash flow of $307.68 million, with a net change in cash of -$9.99 million. Notable activities include debt repayment of $31.47 million and common stock repurchased worth $-300 million.
The company reported a net income of $14.25 million, with revenues at $1.65 billion and gross profit at $786.35 million. Lyft's EPS and diluted EPS both stand at 4 cents.
Key ratios for Lyft include a net profit margin of 0.863%, return on equity of 0.47, and a price to earnings ratio of 92.18. Additionally, the debt to equity ratio is 41.52.
Lyft's balance sheet shows total assets of $8.89 billion, with $1 billion in cash and cash equivalents. Total liabilities amount to $5.86 billion, resulting in a net debt of $221.48 million.
This comprehensive overview provides insights into Lyft's performance and financial standing.
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers access to autonomous vehicles; centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.