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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 May 13, 2024, LYFT stock price declined to $17.08 with 10,458,610 million shares trading.
LYFT has a beta of 2.56, 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 $6.89 billion. This is considered a Mid Cap stock.
Last quarter LYFT - Class A reported $1 billion in Revenue and $.15 earnings per share. This beat revenue expectation by $116 million and exceeded earnings estimates by $.12.
In the last 3 years, LYFT stock traded as high as $63.07 and as low as $7.85.
The top ETF exchange traded funds that LYFT belongs to (by Net Assets): VTI, VB, VBR, VXF, SCHA.
LYFT has outperformed the market in the last year with a price return of +92.8% while the SPY ETF gained +27.8%. LYFT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +31.1% and +4.3%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
LYFT support price is $16.56 and resistance is $17.80 (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 stock will trade within this expected range on the day.