Price & EPS

LYFT has exhibited fluctuating prices over the past several months. Beginning at $12.71 in July 2023, the price steadily declined to $9.17 by October 2023, followed by a sharp rebound to $14.99 in December 2023. Subsequently, there was a notable drop to $12.49 in January 2024, followed by a significant rise to $19.35 in March 2024. The price then retreated to $15.64 by April 2024 before climbing slightly to $16.60 in May 2024. The Relative Strength Index (RSI) of 54.42 suggests a moderate level of momentum, neither indicating overbought nor oversold conditions. Despite being below its 50-day moving average, the stock remains above its 200-day moving average, indicating a broader positive trend. The proprietary Buy/Sell analysis at 41.15 suggests a neutral stance. Considering the 52-week high and low of $20.82 and $7.85 respectively, the current price appears to be within a reasonable range. Three months and one month price change is 6.38% and -18.25% respectively. Overall, the stock has experienced fluctuations but has shown resilience with a potential for further growth.

Revenue & Profit

Lyft's revenue has been steadily increasing from $2.36 billion in 2020 to $4.4 billion in 2023. However, the company has consistently reported negative earnings per share (EPS) over the same period, indicating ongoing losses. Total debt has fluctuated but generally increased, reaching $1.04 billion by the end of 2023. Despite the challenges, Lyft's gross profit has been rising, showing improved margins. The company's cash position has also grown, suggesting adequate liquidity for short-term needs. Overall, Lyft shows promise with growing revenue and gross profit, but the negative EPS and increasing debt levels raise concerns about profitability and financial health.

Other Aspects

Lyft's quarterly performance showcases steady revenue growth and consistent gross profit margins. Lyft's quarterly revenue has shown consistent growth throughout 2023, increasing from $1.0 billion in Q1 to $1.22 billion in Q4, and managed to maintain a positive gross profit quarterly. Total debt was also managed well and sustained a good cash position, with $770M as of December 31, 2023. Lyft's financial profile suggests a company focused on growth rather than dividend payouts, typical of firms in dynamic sectors like technology and transportation. The high beta of 2.027 indicates Lyft's stock is more volatile than the market, reflecting its sensitivity to broader market movements. Despite paying no dividends, the price-to-book ratio of 13.85 suggests investors are willing to pay a premium for Lyft's potential growth prospects.

Lyft's Q1 performance exceeded expectations, with EPS at $0.15 (vs. consensus $0.02) and revenue of $1.28 billion (27.65% YoY growth). Management's confidence in achieving profitability in 2024 reflects a promising trajectory.