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Lyft (LYFT, $53.64) Q4 revenue beat expectations
Lyft reported revenue for the fourth quarter that exceeded analysts’ expectations.
The ride-hailing company’s fourth-quarter revenue came in at $569.9 million, compared to $1 billion in the same period a year ago. Analysts polled by Factset expected revenue of $560.3 million.
The company incurred a loss of -$150 million in adjusted earnings before interest, taxes, depreciation and amortization. Analysts had been expecting an adjusted loss in EBITDA of -$185 million.
According to CFO Brian Roberts, Lyft “successfully eliminated” $360 million in fixed costs on an annualized basis versus its original 2020 plan .
“While the first quarter of 2021 continues to be uncertain primarily due to COVID-19 headwinds, based on current recovery expectations, we should experience a growth inflection beginning in the second quarter that strengthens in the second half of the year”, said Roberts.
LYFT in -15.52% downward trend, falling for three consecutive days on May 09, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where LYFT declined for three days, in 166 of 201 cases, the price declined further within the following month. The odds of a continued downward trend are 83%.
Current price $19.14 crossed the support line at $42.07 and is trading between $42.07 support and $-37.63 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -45% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +3% Uptrend.
The Momentum Indicator moved below the 0 level on April 26, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on LYFT as a result. In 38 of 50 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 76%.
The Moving Average Convergence Divergence Histogram (MACD) for LYFT turned negative on April 21, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 22 similar instances when the indicator turned negative. In 17 of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at 77%.
The Aroon Indicator for LYFT entered a downward trend on May 11, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +12.87% 3-day Advance, the price is estimated to grow further. Considering data from situations where LYFT advanced for three days, in 123 of 175 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
LYFT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 78%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.18.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. LYFT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 95 (best 1 - 100 worst), indicating slightly worse than average price growth. LYFT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 60 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.010) is normal, around the industry mean (16.471). P/E Ratio (0.000) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.591). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (1.956) is also within normal values, averaging (124.500).
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.92%. For the same Industry, the average monthly price growth was -15.48%, and the average quarterly price growth was -24.67%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
- 4/20/22 8:58 AM: Lyft (LYFT, $36.31) was a top weekly gainer, with a +8.55% jump
- 4/6/22 8:51 AM: Lyft (LYFT, $37.15) was a top loser this week, declining -7.5%
- 3/23/22 4:50 AM: Lyft (LYFT, $38.25) was a top weekly gainer, with a +7.02% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 57%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.11.
139 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 75%.
The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Adobe (NASDAQ:ADBE), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), Atlassian Corp (NASDAQ:TEAM), Autodesk (NASDAQ:ADSK), CrowdStrike Holdings (NASDAQ:CRWD), Datadog (NASDAQ:DDOG).
The average market capitalization across the group is 22.6B. The market cap for tickers in the group ranges from 0 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is WORK at 0.
- 5/14/22 4:23 AM: Microsoft (MSFT, $261.12) saw a $101.8B market cap decrease this week
- 5/6/22 5:04 AM: Microsoft (MSFT, $277.35) saw a $91.8B market cap decrease this week
- 5/3/22 8:18 AM: Microsoft (MSFT, $284.47), market cap jumped by $52.0B
The average weekly price growth across all stocks in the group was 1.58%. For the same group, the average monthly price growth was -17.34%, and the average quarterly price growth was -41.55%. KBNT experienced the highest price growth at 37.12%, while CTK experienced the biggest fall at -32.06%.
- 5/14/22 4:24 AM: SailPoint Technologies Holdings (SAIL, $60.3) was a top loser this week, declining -5.05%
- 5/14/22 4:23 AM: Lightspeed Commerce (LSPD, $21.37) was a top weekly gainer, with a +8.7% jump
- 5/14/22 4:23 AM: DocuSign (DOCU, $79.17) was a top weekly gainer, with a +6.17% jump
The average weekly volume growth across all stocks in the group was -55.77%. For the same stocks of the group, the average monthly volume growth was -10.67% and the average quarterly volume growth was -14.13%
- 5/11/22 7:39 AM: The volume for Materialise stock increased for one day, resulting in a record-breaking daily growth of 233% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for GTY Technology Holdings stock increased for a consecutive 5 days, with an average daily gain of 335%
- 5/10/22 5:30 AM: The volume for GTY Technology Holdings stock increased for a consecutive 5 days, with an average daily gain of 375%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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