Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada.
Lyft stock last closed at $10.54, up 0.29% from the previous day, and has decreased 21.81% in one year. It has underperformed other stocks in the Software - Application industry by 0.34 percentage points. Lyft stock is currently +34.27% from its 52-week low of $7.85, and -42.59% from its 52-week high of $18.36.
At the moment, there are 386.24M shares of LYFT outstanding. The market capitalization of LYFT is $4.07B. In the last 24 hours, 8.44M LYFT shares were traded.
How to Buy Lyft Stock
Not sure how to invest in Lyft stock? Here's how.
Decide where to buy Lyft stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Lyft stock.
Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
Deposit money your brokerage account: Pick your method of payment and add your info.
Research Lyft stock: The Lyft ticker symbol is LYFT. Is Lyft stock a good investment? Should you buy shares of LYFT? How do LYFT's underlying business fundamentals look? Do top analysts think Lyft is a good buy? Why has LYFT's stock price moved recently? (Hint: Our stock market research website can help you decide if LYFT is a good stock to buy).
Make your LYFT trade: Decide if you will purchase LYFT shares at the current market price or use a limit order to buy LYFT shares at a particular price.
Watch your LYFT investment: Create a watchlist to get live updates on your new investment in Lyft stock.
Step 1: Decide where to buy Lyft stock
You will need a brokerage account in order to access the NASDAQ market and buy LYFT shares.
A brokerage account is an investment account that allows you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.
Our preferred brokerage: eToro
In our opinion, eToro is the best place to buy stocks. Here's why:
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Step 2: Sign up for your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal info so you can invest in LYFT today.
Once you have figured out the best place to buy Lyft stock, it's crucial to evaluate their stock prior to investing, so you truly comprehend the risk as well as the upside.
Lyft quick stats
LYFT Price
$10.54
1w %
6.04%
1y %
-21.81%
5y %
N/A
P/E
-2.92x
P/B
10.52x
P/S
0.95x
PEG
N/A
Revenue
$4.25B
Earnings
-$1.31B
Fore. Rev. Growth
17.76%
Fore. Earn. Growth
N/A
Market Cap
$4.07B
Next Earnings
Nov 6, 2023
Next Dividend
N/A
Fundamentals of Lyft
WallStreetZen was designed to help everyday investors perform better fundamental analysis quickly.
LYFT has $2.06B in cash and short term investments. This is sufficient to cover its annual cash burn of $219.42M.
LYFT has cash burn of 219423000. It has sufficient cash and short-term investments to cover this for at least one year.
There are more short-term assets than long-term liabilities on the LYFT balance sheet.
Negative Health Checks:
There are more short-term liabilities than short-term assets on the LYFT balance sheet.
LYFT profit margin has gone down from -25.9% to -30.9% in the past year.
LYFT has a relatively high debt to equity ratio of 10.49.
Is it a good time to buy Lyft stock, according to analysts?
Out of 11 Equities analysts who give forecasts on LYFT, the consensus analyst rating on LYFT is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest LYFT Analyst Ratings
Brad Erickson, a top 7% analyst from RBC Capital reiterates LYFT with a hold rating and maintains their LYFT price target from $12.00 to $12.00, on Sep 5, 2023.
Rob Sanderson, a bottom 28% analyst from Loop Capital maintains LYFT with a hold rating and raises their LYFT price target from $9.00 to $12.00, on Aug 14, 2023.
Tom White, a bottom 9% analyst from DA Davidson maintains LYFT with a hold rating and raises their LYFT price target from $9.75 to $11.50, on Aug 10, 2023.
Stephen Ju, a top 3% analyst from Credit Suisse maintains LYFT with a buy rating and lowers their LYFT price target from $23.00 to $18.00, on Aug 9, 2023.
Brent Thill, a top 1% analyst from Jefferies maintains LYFT with a hold rating and raises their LYFT price target from $9.00 to $11.00, on Jul 25, 2023.
You can dive deeper into what analysts are projecting on the Lyft stock forecast page.
LYFT Technical Indicators
SMA10
10.4
SMA20
10.87
SMA50
11.17
SMA100
10.47
SMA200
10.94
MACD
-0.25
MACD Signal
-0.2
MACD Histogram
-0.05
RSI
46.86
Stochastic %K
37.97
Stochastic %D
26.65
StochRSI %K
58.7
StochRSI %D
39.99
LYFT Growth Metrics
Last year, LYFT revenue was $4.25B. Over the last four year, LYFT's revenue has gone up by 10.05% per year. This was slower than the Software - Application industry average of 32.74%.
No, Lyft doesn't provide an income stream by paying out dividends.
LYFT Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your LYFT trade
There are two primary types of orders:
Market order: A market order is an order to buy or sell a security at the best price on the market. Market orders are mostly the best for newer investors.
Limit order: A limit order allows you to buy or sell a security at a specific price (or better). If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you want more info about investing in stocks on eToro, click the helpful video below:
As of Sep 29, 2023, it costs $10.54 to buy one share of Lyft stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $5, you can buy 0.474 shares of LYFT.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.