Lyft beats another 52 week low by Investing.com

Investing.com – Lyft hit a new 52-week low Monday, uncertainty surrounding its badessment continues to prompt shareholders to bet against the company, the biggest rival Uber (NYSE 🙂 s ready to steal the limelight before listing in May.

As for Lyft (NASDAQ :), investors have apparently adopted the following mantra: "If in doubt, stay on the sidelines or sell". According to the financial badysis firm S3 Partners, 75% of Lyft's stock float are held short, Bloomberg said. The uncertainty surrounding the badessment of the carpool company saw its shares fall to 6.8% on Monday, reaching a low of $ 55.56.

At the dawn of a new week of bargaining, the company was pulling thousands of e-bikes in New York, Washington and San Francisco following complaints about stronger braking than expected of the front wheel, which which also pushed investors to think twice before supporting their actions.

Lyft is now over 20% down from its $ 72 introductory price.

"We believe that Lyft's shares could be under continuous pressure as investors wait for the Uber roadshow and deepen their financial statistics," wrote Wedbush Securities in a note on Friday.

Last week, Uber filed its IPO prospectus, in which it warned that it never risked making a profit and identified intense competition in the market as a risk factor, stressing that it was not a risk factor. it may have to lower rates further and offer greater incentives to drivers and consumers, which can tighten margins. It also announced revenues of $ 11.27 billion in 2018, compared with $ 2.2 billion for Lyft.

Lyft's shares accelerated after Uber published its IPO prospectus last week, although some badysts agreed that it was difficult to compare the two companies because Uber was not sure how much it was worth. was proud of a much more complex model.

"And now that the Uber S-1 has been released … we believe that investors do not yet have much more clarity on some comparable key indicators," Wedbush added.