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Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
LYFT - Class A trades on the NASDAQ stock market under the symbol LYFT.
As of November 19, 2024, LYFT stock price declined to $16.57 with 16,730,716 million shares trading.
LYFT has a beta of 2.34, meaning it tends to be more sensitive to market movements. LYFT has a correlation of 0.17 to the broad based SPY ETF.
LYFT has a market cap of $6.80 billion. This is considered a Mid Cap stock.
Last quarter LYFT - Class A reported $2 billion in Revenue and $.29 earnings per share. This beat revenue expectation by $83 million and exceeded earnings estimates by $.09.
In the last 3 years, LYFT traded as high as $48.80 and as low as $7.85.
The top ETF exchange traded funds that LYFT belongs to (by Net Assets): VTI, COWZ, VB, VBR, VXF.
LYFT has outperformed the market in the last year with a price return of +56.6% while the SPY ETF gained +32.5%. LYFT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +47.9% and +22.0%, respectively, while the SPY returned +6.8% and +3.6%, respectively.
LYFT support price is $16.82 and resistance is $17.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LYFT shares will trade within this expected range on the day.