Lyft. When can we expect a move up?

We are yet to see Lyft's first report, which has been publicly traded for several weeks now. The Revenue Report will be released on May 7th. For the time being, the company's initial earnings forecasts do not provide clarity to investors whether Lyft will be a reliable investment company. Analysts report a broad range of earnings estimates, but for the time being, sentiment remains negative to the company.

Analyst Jake Fuller to Guggenheim says that despite the growth profile of the company, not much is said about specific expectations in the first quarter. He expects the report to reflect that the company is at a loss of at least $ 300 million. Investors will still try to find any signal that Lyft can generate revenue and that the company is ready to take action. And the company will have to step up investments in autonomous cars to catch up with its rival - Uber. We have to take into account both lawsuits filed by investors against Lyft, who accuse them of lying about the market share.

The company is currently traded between $ 55.45 - $ 60.31 after the company, starting at about $ 78, fell nearly 22% within days of its original value. It is too early to allow a rebate in the share price before the May 7 report. Waiting for the results is advisable before a trading decision is taken, but for now, the price remains in this "break" range after strong sell-off.

Read more:

• Asian markets returned some of the losses but ended in the red
• European markets continue with the losing streak, safe heaven assets are rising
• Protect your portfolio with these defensive stocks
• Forex Today: 2020 kicks off with the dollar recovering amid Chinese RRR cut, trade optimism
• We look forward to a positive start to the first European session for 2020