LYFT Stock Summary and Trading Ideas (LYFT - Class A | NASDAQ:LYFT)

Lyft is the second-largest ride-hailing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013 and public since 2019, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-hailing, Lyft 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 February 12, 2025, LYFT stock price declined to $13.25 with 79,617,125 million shares trading.

LYFT has a beta of 2.06, meaning it tends to be more sensitive to market movements. LYFT has a correlation of 0.16 to the broad based SPY ETF.

LYFT has a market cap of $5.50 billion. This is considered a Mid Cap stock.

Last quarter LYFT - Class A reported $2 billion in Revenue and $.27 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.05.

In the last 3 years, LYFT traded as high as $44.50 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 underperformed the market in the last year with a price return of +1.7% while the SPY ETF gained +21.8%. LYFT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -28.7% and -5.1%, respectively, while the SPY returned +1.1% and -0.2%, respectively.

LYFT support price is $13.91 and resistance is $14.87 (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.