(VIANEWS) – Shares of Lyft (NASDAQ: LYFT) dropped by a staggering 34.8% to $10.57 at 10:14 EST on Friday, after two consecutive sessions in a row of losses. NASDAQ is dropping 1.02% to $11,789.58, after two successive sessions in a row of losses. This seems, so far, an all-around down trend exchanging session today.
Lyft’s last close was $16.22, 64.47% under its 52-week high of $45.65.
About Lyft
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.
Earnings Per Share
As for profitability, Lyft has a trailing twelve months EPS of $-5.61.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -77.55%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Lyft’s stock is considered to be oversold (<=20).
Sales Growth
Lyft’s sales growth is 22.8% for the ongoing quarter and 20% for the next.
Volume
Today’s last reported volume for Lyft is 42916361 which is 197.87% above its average volume of 14407500.
Growth Estimates Quarters
The company’s growth estimates for the present quarter and the next is 60% and 44.4%, respectively.
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