Lyft is a software-application business based in the US. Lyft stocks (LYFT.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $52.39 – an increase of 4.34% over the previous week. Lyft employs 4,554 staff and has a trailing 12-month revenue of around $2.4 billion.
How to buy Lyft stock in Canada
- Choose a platform. If you're a beginner, our stock trading table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: LYFT in this case.
- Research Lyft stocks. The platform should provide the latest information available.
- Buy your Lyft stocks. It's that simple.
Is it a good time to buy Lyft stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
How has Coronavirus impacted Lyft's stock price?
Since the stock market crash in March caused by coronavirus, Lyft's stock price has had significant positive movement.
Its last market close was $52.18, which is 14.33% up on its pre-crash value of $44.7 and 258.34% up on the lowest point reached during the March crash when the stocks fell as low as $14.5617.
If you had bought $1,000 worth of Lyft stocks at the start of February 2020, those stocks would have been worth $471.42 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,087.95.
Lyft stock priceUse our graph to track the performance of LYFT stocks over time.
Lyft stocks at a glance
|Latest market close||$52.18|
|52-week range||$21.91 - $68.28|
|50-day moving average||$50.7363|
|200-day moving average||$56.6463|
|Wall St. target price||$69.76|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$-4.939|
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Note: The dollar amounts in the table below are in Canadian dollars.
Lyft price performance over time
|1 week (2021-09-09)||3.31%|
|1 month (2021-08-19)||11.52%|
|3 months (2021-06-18)||-10.77%|
|6 months (2021-03-19)||-21.60%|
|1 year (2020-09-18)||70.58%|
|2 years (2019-09-19)||10.36%|
|Revenue TTM||USD$2.4 billion|
|Gross profit TTM||USD$531.5 million|
|Return on assets TTM||-19.71%|
|Return on equity TTM||-87.23%|
|Market capitalisation||USD$17.5 billion|
TTM: trailing 12 months
How to short and sell Lyft stocks
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "LYFT.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 27.1 million Lyft stocks held short by investors – that's known as Lyft's "short interest". This figure is 3.1% up from 26.3 million last month.
There are a few different ways that this level of interest in shorting Lyft stocks can be evaluated.
Lyft's "short interest ratio" (SIR)
Lyft's "short interest ratio" (SIR) is the quantity of Lyft stocks currently shorted divided by the average quantity of Lyft stocks traded daily (recently around 6.2 million). Lyft's SIR currently stands at 4.34. In other words for every 100,000 Lyft stocks traded daily on the market, roughly 4340 stocks are currently held short.
However Lyft's short interest can also be evaluated against the total number of Lyft stocks, or, against the total number of tradable Lyft stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Lyft's short interest could be expressed as 0.08% of the outstanding stocks (for every 100,000 Lyft stocks in existence, roughly 80 stocks are currently held short) or 0.0952% of the tradable stocks (for every 100,000 tradable Lyft stocks, roughly 95 stocks are currently held short).
Such a low SIR usually points to an optimistic outlook for the stock price, with fewer people currently willing to bet against Lyft.
Find out more about how you can short Lyft stock.
Lyft stock dividends
We're not expecting Lyft to pay a dividend over the next 12 months. However, you can browse other dividend-paying stocks in our guide.
Lyft stock price volatility
Over the last 12 months, Lyft's stocks have ranged in value from as little as $21.91 up to $68.28. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a stocks volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lyft's is 2.273. This would suggest that Lyft's stocks are significantly more volatile than the average for this exchange and represent a higher risk.
Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility options. It provides Ridesharing Marketplace, which connects drivers with riders; Express Drive, a flexible car rentals program for drivers; Lyft Rentals that provides vehicles for long-distance trips; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. The company also integrates third-party public transit data into the Lyft app to offer riders various transportation options. In addition, it offers autonomous vehicles; concierge for organizations; Lyft Pass that allows organizations to create custom transportation programs; enterprise programs, including monthly ride credits for daily commutes, supplementing public transit by providing rides for the first and last leg of commute trips, late-night rides home, and shuttle replacement rides; and transportation solutions that can be customized for events, such as recruiting events, conferences, celebrations, meetings, and company retreats. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
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