Section 1: Company Fundamentals

1.1 Company Overview:

Lyft, Inc. (NASDAQ: LYFT) owns and operates multimodal transportation networks in the United States and Canada that offer access to a variety of transportation options through its platform and mobile-based applications. The Lyft Platform provides a marketplace where drivers are matched with riders via the Lyft App.

Kalkine’s US Daily Report covers the Company Overview, Summary Table, Business updates and insights into company recent financial results, Key Risks & Outlook, Price performance and technical summary, and Recommendation on the stock.

Price Performance and Key Highlights

• The stock has corrected by 50.35% in the last three months as well as by 60.83% in the last one year.
• The stock is leaning towards the lower band of its 52-week range of USD 22.82 and 52-week low price of USD 8.19. The price is currently closer to its important support range of USD 7.50-USD 8.30.
• The price is currently trading below both its short-term (50-day) SMA and long-term (200-day) SMA, with leading momentun indicator 14-day RSI movinf towards the oversold territory (Current RSI at 35.10), with the expectation of a consolidation or further correction to around USD 8.00 levels.
• Despite decent topline performance over the last five years, company has never repored positive bottomline, implies consistent reduction in shareholders value.

1.2 Summary Table

Section 2: Lyft Inc (“Watch” at the closing market price of USD 8.63, as of May 05, 2023)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is May 05, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

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