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Sarah Patel's Avatar
published in Blogs
Aug 04, 2021

Lyft (LYFT, $55.38) loss narrows, as revenue more than doubles

Lyft reported a narrower second-quarter loss, compared to a year-ago.

The ride-hailing company’s quarterly net loss narrowed to -76 cents a share from -$1.41 a share in the year-earlier quarter.

Revenue more than doubled from the year-ago period to reach $765 million in the quarter. As of June-end, Lyft had 17.1 million active riders, vs. 8.7 million a year earlier.

Last month, Lyft announced a collaboration with Argo AI and Ford to launch at least 1,000 self-driving vehicles in various US cities over the next five years, beginning with Miami and Austin. Later this year, the first Ford self-driving vehicles with Argo’s self-driving vehicle technology will be available on Lyft’s app in Miami.

Related Ticker: LYFT

LYFT's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for LYFT turned positive on May 30, 2023. Looking at past instances where LYFT's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on LYFT as a result. In of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

LYFT moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LYFT advanced for three days, in of 239 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 10-day moving average for LYFT crossed bearishly below the 50-day moving average on May 11, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where LYFT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

LYFT broke above its upper Bollinger Band on June 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for LYFT entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LYFT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (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 (10.194) is normal, around the industry mean (31.510). P/E Ratio (0.000) is within average values for comparable stocks, (167.536). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.116). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (0.882) is also within normal values, averaging (77.832).

The Tickeron SMR rating for this company is (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 PE Growth Rating for this company is (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 (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 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).

Industry description

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.

Market Cap

The average market capitalization across the Packaged Software Industry is 7.91B. The market cap for tickers in the group ranges from 291 to 2.48T. MSFT holds the highest valuation in this group at 2.48T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 28%. LQAVF experienced the highest price growth at 210%, while TMNA experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -21%. For the same stocks of the Industry, the average monthly volume growth was 46% and the average quarterly volume growth was 35%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 8 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of online social rideshare community platform

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
185 Berry Street
Phone
+1 844 250-2773
Employees
4419
Web
https://www.lyft.com
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LYFT and

Correlation & Price change

A.I.dvisor indicates that over the last year, LYFT has been loosely correlated with UBER. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if LYFT jumps, then UBER could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To LYFT
1D Price
Change %
LYFT100%
-0.44%
UBER - LYFT
59%
Loosely correlated
-3.13%
DOCN - LYFT
53%
Loosely correlated
-4.43%
SQ - LYFT
52%
Loosely correlated
+0.39%
DOCU - LYFT
52%
Loosely correlated
-3.28%
COIN - LYFT
51%
Loosely correlated
+3.20%
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