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

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 December 13, 2024, LYFT stock price declined to $14.14 with 14,917,152 million shares trading.

LYFT has a beta of 2.35, meaning it tends to be more sensitive to market movements. LYFT has a correlation of 0.19 to the broad based SPY ETF.

LYFT has a market cap of $5.87 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 $46.64 and as low as $7.85.

The top ETF exchange traded funds that LYFT belongs to (by Net Assets): VTI, VB, COWZ, VBR, VXF.

LYFT has underperformed the market in the last year with a price return of +1.2% while the SPY ETF gained +31.7%. However, in the short term, LYFT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.7% vs +8.4% return in SPY. But in the last 2 weeks, LYFT shares have been beat by the market, returning -17.7% compared to an SPY return of +0.9%.

LYFT support price is $14.35 and resistance is $15.35 (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.