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Lyft Skids on Another 52-Week Low Through Investing.com



© Reuters.

Investing.com – Lyft entered a fresh 52-week low on Monday because the uncertainty surrounding its value continues to encourage shareholders to wage war against company, with bigger Uber rivals (NYSE 🙂 set to take the ride-launching the limelight before its listing in May.

When it comes to Lyft (NASDAQ :), investors seem to have adopted the mantra "when in doubt stay on the sidelines or sell." According to S3 Partners's financial analytics firm, 75% of Lyft's free float shares will be held short, Bloomberg reported. Sharing of shares sharing uncertainty declined by 6.8% on Monday, at a record low of $ 55.56.

Topping a new trading week, the company reports that thousands of electric bikes from New York, Washington and San Francisco are the following complaints about stronger than expected front braking That wheel also made investors think twice about stock backing up.

The Lyft is more than 20% down from the IPO price of $ 72 [1

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Uber launched the IPO prospectus last week, in which it warns that it can not identify and benefit the intense market competition is a risk factor, which says it may need to lower its rates and offer more incentives for both drivers and buyers, both of which might coincide rgins. It also reported a revenue of $ 11.27 billion compared to $ 2.1 billion in Lyft & # 39; s.

Lyft's share was accelerated after Uber released the IPO prospectus last week, despite some analysts agreeing to compare the two companies as Uber boasts a more complex model "And now that Uber's S-1 has been released … we think investors have not yet got a whole lot more clarity on some of the key comparable metrics, "added Wedbush.

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