Top Transportation Stocks To Follow Now – May 9th

Lyft, Berkshire Hathaway, and Uber Technologies are the three Transportation stocks to watch today, according to MarketBeat’s stock screener tool. Transportation stocks are shares of publicly traded companies that provide the movement of goods and passengers by air, sea, rail or road. Because freight and travel volumes tend to rise when economic activity is strong, these stocks often serve as a barometer of overall economic health. Investors watch them for signs of shifts in trade flows, consumer demand and supply-chain conditions. These companies had the highest dollar trading volume of any Transportation stocks within the last several days.

Lyft (LYFT)

Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips.

Shares of LYFT stock traded up $3.39 on Friday, hitting $16.39. 83,061,103 shares of the stock traded hands, compared to its average volume of 15,714,526. The company has a market capitalization of $6.85 billion, a PE ratio of 273.17, a PEG ratio of 1.90 and a beta of 2.14. The company’s fifty day moving average is $11.75 and its 200 day moving average is $13.57. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.75. Lyft has a 1-year low of $8.93 and a 1-year high of $19.07.

Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

Shares of Berkshire Hathaway stock traded up $1.53 on Friday, reaching $514.78. 2,316,993 shares of the company were exchanged, compared to its average volume of 4,237,182. The firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 3.45 and a beta of 0.88. Berkshire Hathaway has a 1-year low of $401.58 and a 1-year high of $542.07. The company’s 50-day moving average is $518.17 and its two-hundred day moving average is $484.26.

Uber Technologies (UBER)

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

Shares of NYSE:UBER traded up $0.34 during trading hours on Friday, hitting $82.64. The stock had a trading volume of 10,604,348 shares, compared to its average volume of 20,142,356. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.41 and a current ratio of 1.07. The stock’s fifty day simple moving average is $74.58 and its 200 day simple moving average is $71.57. The firm has a market capitalization of $172.87 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.89 and a beta of 1.43. Uber Technologies has a 1-year low of $54.84 and a 1-year high of $87.00.