Its not getting a lift anytime soon..
Where to start? The loss of $900,000,000 a year? The loss per share of $9.02? A growing impatience and anger with Lyft drivers? I believe people must have thought that Lyft would pop at IPO but its been declining since going public. Except the same with Uber, as they lose almost double that of Lyft every year. Ride-sharing companies are not a sound investment and they have plateaued in terms of innovation. Sadly, ride-share companies severely hurt taxi and black car services, putting many out of business because of how popular it became. So, this means ride-sharing is doing good? At a loss of $900,000,000 - $1,800,000,000 dollars.. no one is profiting. Not taxi, black car, or ride share companies and neither the drivers. Lyft will need to raise prices on rides soon or face problems with liquidity as well as mass driver walk-away. Once they raise prices, the advantage of ride-sharing will disappear. If you are holding at IPO price, it's better to take a loss because it doesn't seem like Lyft will be coming up anytime soon. There are almost no new products, markets, or innovations that Lyft can come up with to bring in a boost in share prices and optimism. This one is a major sell. The line includes days of up and down, but it will fizzle away.
Target? $25 or lower.. where it will play around flat until some major announcement will spike it up, than fizzle away again. How fast? No one knows.. December showed us how a bear market and fear come into play, things could go south in a matter of days when fear comes into play.
Target? $25 or lower.. where it will play around flat until some major announcement will spike it up, than fizzle away again. How fast? No one knows.. December showed us how a bear market and fear come into play, things could go south in a matter of days when fear comes into play.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.